If you are stuck with concentrating on
the payroll management of the workforce and not getting time to the core
competencies of the company, you should look for payroll outsourcing for your
company and there are some services provided by payroll outsourcing Singapore which is mentioned below:
Service
offered by payroll outsourcing companies
Ø
Employee self services that includes online
technology for viewing employees salary slip, decide FBP, Submit IT declaration
and submit query
Ø
Online access to view or print salary slip
Ø
Automated attendance and leave import/export
solution
Ø
Web based leave solution
Ø
Reimbursement management
Ø
Replace excel to web based payroll processing, F
& F, Reports generations, E- Chillan generation and reimbursement
Benefits
of payroll outsourcing
Ø Fast
turnaround
Ø Assistance
through entire life cycle of the employee from recruitment to exit
Ø Streamlining
of payroll processes
Ø Reduce
investment in IT infrastructure
Ø Well
thought resource deployment
Ø Strict
adherence to statutory requirements and compliance
Ø Error free
reporting and documentation
Ø Solid
business intelligence that lead to strategic initiative to top management
Ø Low risk of
legal penalties due to non compliance
Ø Efficient
and speedy resolution of the all employees issues
Payroll outsourcing removes a big tension from your mind and best part is that it will cost you lower than you were actually spending on it. That is why the most of the small and big firms look for payroll management outsourcing for their company.
Thanks for the sharing this valuable information
ReplyDeletemay be this is also helping
The definition of Payroll processing with possible advantages and disadvantages
Benefits of Outsourcing Payroll and Human Resource Services in Singapore
This article highlights an important aspect of business success—supporting and streamlining employee-related processes. When HR tasks like payroll, attendance, and benefits administration are well-managed, it not only boosts operational efficiency but also improves employee satisfaction. Tools and services that enhance these functions can make a big difference. For example, payroll outsourcing in Singapore has helped many businesses reduce administrative burdens and stay compliant with local laws. A well-structured employee management system truly empowers both the team and the business. Great read!
ReplyDelete