From payroll chaos to one managed system: managed payroll vs in-house payroll comparison by TeamLease HRtech

The Real Cost of Payroll Management: Managed Payroll vs In-House Payroll

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Running payroll in-house looks like the cheaper option—until you count everything the initial budget leaves out. Specialised hires who don’t always stay, software surprises, changing regulations, compliance risk, lost time: it adds up to a very different number. Here’s where the difference hides.

What the Numbers Leave Out

Financial Services runs the highest attrition of any sector in India at 24%, and every exit means recruiting, onboarding, and retraining before the function is even back to where it stood. Add software costs that typically run 1.5–2x the advertised rate once implementation and integration costs are counted, and India’s rank as the 12th most complex payroll environment in the world, and the pattern is clear: none of this shows up in the number most companies actually budget for.

See the Full Comparison

The infographic below breaks it down—headcount, tooling, compliance risk, and lost time—set directly against what a managed model costs instead, and how TeamLease HRtech can help you manage payroll across full-time, contract, and gig workforces, with statutory compliance built in from the start.

The real cost of payroll management: managed payroll vs in-house payroll comparison infographic by TeamLease HRtech

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