Why Companies Should Outsource Their Payroll-PPT

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Why Companies
Should Outsource Their Payroll?
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01
Outsource Payroll or Not
A payroll outsourcing provider in Singapore can
save you, Time Efforts Costs Human Resources
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Race for Survival
Today, companies have to do everything to stay
competitive. One of the ways they can do it is
by staying lean Hire staff for activities that
generate revenue
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What are non-revenue tasks?
Payroll processing, bookkeeping, accounting, and
taxation are essential but non-core tasks You
need to put your soul, time, and efforts into
them You need to put your soul, time, and efforts
into them
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Non-revenue tasks
Since the staff is limited, asking one of them
to do payroll is a waste of a specialised skill
set. The solution is to hire a payroll outsource
services provider.
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A time-consuming Task
You have to execute the company's payroll as per
the dictates of the Employment Act and the
Ministry of Manpower. You have to follow all the
rules to do the payroll right These rules
change The task is complex The task takes
hours You may lose sight of core goals
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06 A
Access to a team of payroll experts
The payroll outsource services firms employ a
team of experienced executives. These
services, Are familiar with the payroll
requirements and needs of businesses Have
updated knowledge about the payroll rules Work
fast since they have the required facts at their
fingertips Process payroll accurately and on time
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06 B
Access to a team of payroll experts Payroll
experts
Keeps your employees happy Comply with
payroll-related statutory regulations Prepare
itemised payslips and payroll reports Are more
affordable than in-house payroll set-up
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07
Save costs
You may want to protect your data by processing
it in-house. It is costly. You need to spend on
payroll software, computers, net connection, and
office space You also need to spend on
recruitment and training of executive You need
to bear the salary, employee benefits, paid
leaves, etc A full-time executive adds to HR's
workload You do not have to worry about any of
these issues after hiring a payroll outsourcing
provider in Singapore
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Can an outsource payroll services firm make
your life easy? Yes!

• A payroll outsourcing provider in Singapore can,
• Reduce your workload
• Enable you to stay focused on core goals Reduce
  your stress with compliant output