The outsourced payroll service is gradually assisting enterprises in reducing time to focus on business, developing production. Hiring external payroll companies services can help businesses save a lot of costs. Let's discuss the detailed information with us in this article:
What is the outsourced payroll service?
Outsourced payroll service is a form of enterprises using external human resources and specialized systems to perform jobs related to salary calculation, compulsory insurance contributions, personal income tax. Payroll outsourcing services are popular in many countries in the region and increasingly becoming interested in Vietnam, especially for foreign invested enterprises. Because these businesses are very concerned about compliance with salary laws to ensure the highest confidentiality regarding the income of employees and management.
Using outsourced payroll services, businesses have access to a team of highly experienced and knowledgeable professionals who are always up to date with regarding salary, insurance and income tax regulations. In addition, businesses can benefit from specialized software systems for payroll that have been technically tested, secured and always have a backup mode.
Does access to different types of businesses with different calculations or specific internal regulations make it difficult for payroll companies to work?
From the perspective of a professional payroll service provider, we always have a team of experts working to understand the needs and internal policies, regulations of customers. Thereby ensuring the establishment of a payroll system and data for each customer is accurate and appropriate. Before starting the official payroll service, the service provider has a plan to run a payroll or run in parallel with customers to check the accuracy and appropriateness of the setup. When the result reaches 100% on both factors, the setup is completed.
Does outsourcing the salary appear to risk the disclosure of internal information about personnel compensation in the company?
In some cases, businesses do not choose a company that provides unprofessional services and adheres to industry standards since the risk of information disclosure about salary and bonus policies going out may occur. But basically, companies are highly concerned about privacy and sensitive information about income. And they have a process for evaluating partners before choosing.
Enterprises are interested in the outsources that provides services in such factors as: processes, ways of exchanging information on both sides;
A simple but equally important task is to check the quality of service, the level of information security and partner information with customers who are using their services. This makes the business somewhat understand the partner before making a decision.
What will the external payroll service play in reducing costs?
The cost of hiring a salary service is equivalent to the cost of a payroll worker. In addition, businesses do not have to spend money on training, benefits, increase annual salary, rent seats, computers for employees. This is really a solution that businesses should consider because the enterprise is completely proactive and does not depend too much on a salary employee.
In addition to the visible costs, there are also risk costs that businesses need to pay attention to when conducting paying salary alone, such as making wrong wages, failing to comply with current regulations, which could lead to penalties or wrong pay for affected employees to the reputation of the business.
You can consult our payroll service:
HANOI HEAD OFFICE
Add: Unit 701A, 7th floor, Handi Resco Tower,521 Kim Ma street, Ba Dinh district, Ha Noi
Tel: + 84 24 3974 3091
Fax: + 84 24 3974 3090
HO CHI MINH CITY OFFICE
Add: Unit 1102, 11th floor, Central Plaza Office Building, District 1, Ho Chi Minh city
Tel: + 84 28 3821 4654
Fax: + 84 28 3821 4653
