There is some reason why you would want to outsource the payroll and human resource administration process.
Payroll outsourcing is a way to get work done for less money spent, save time and let’s see how this service can assist your business.
1. Save Time and Money
When you look for payroll outsourcing services in Singapore, you will save money for your business.
It is usually more costly to employ a full-time human resource person to administer payroll matters, CPF, employee benefits, and this might not be practical for small medium enterprises in Singapore.
We offer monthly payroll services to handle the routine payroll matters at a reduced rate compared to having an in-house human resource person.
2. Professional Payroll Team – well versed with MOM and CPF rules
You’ll be working with an experienced payroll service team that is well-versed with payroll related matters in Singapore.
There’s no need to hire extra HR staff as we will be responsible for all payroll matters.
With minimum monthly investment, you have access to professional payroll team and you can tap on their expertise anytime.
3. Outsource Routine Tasks to the Professional Payroll Team
Instead of loading on more work to your employees, you can hire trained professional accountants which free up your other employees to do other things in your business.
If your staff are too tied up with many tasks, they can become tired and less productive.
If you choose to outsource certain routine payroll tasks at a lower cost, these employees can do a better job they are assigned to do.
4. Time Constraints
Time is money, and you can’t afford to go out to hire a new employee just to do your payroll work.
Your existing team might not have the skills to do proper payroll work.
Your business is the most important to you and outsourcing gives you more time to handle your business.
5. Fewer Headaches for You
Working with numbers is something most people don’t like to do.
Outsourcing the payroll function will help save money, time and resolve the challenges in understanding CPF and MOM requirements.
Should you need assistance or would like to find out more about payroll processing services in Singapore, please send an email to Contact@AccountingSolutionsSingapore.com, and our business advisor will contact you.