Small and medium-sized enterprises, start-ups and large corporations alike are getting onboard the third party payroll outsourcing bandwagon. This is because of the proven benefits of employing an expert payroll outsourcing service which allows your company to be more economical. Moreover, this time-consuming non-core function can be eliminated from your company’s list of things to do. However, if you do …
The payroll is something that has been around since the beginning of trade in civilizations. For as long as trade and business have taken place, there has always been a need to maintain records of employee payments. The importance of payroll processing lies in the fact that payroll and payroll taxes affect a company’s income to a significant level. However, …
Payroll management is a critical task that needs to be precisely executed to prevent your organization from shelling out more payroll taxes. This mandatory employer contribution is levied by the government to fund its various employee oriented activities like pension, healthcare support, disability compensation etc. Payroll tax rates are calculated by factoring in net salaries, perks and any other monetary …
Most startups and small organizations use generic methods for payroll management such as Excel, attendance registers, and other manual processing tools. However, these methods may seem efficient and convenient, they start to wound your startup’s functioning quickly. As employee count increases so does the calculation related to payroll processing, and eventually, manual work becomes prone to human errors. This …
Why SMEs Need HR & Payroll Outsourcing in 2018 They say time waits for no one. The same goes for SMEs and start-ups that have limited human and material resources. The best way to focus on the bigger picture of running a successful business is to let go of the smaller tedious tasks that can be easily delegated. HR & …
