The Biggest Payroll Challenges

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The Biggest Payroll Challenges
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Responsibility
Businesses process their payroll uniquely to
calculate and pay accurate salaries and tax
amounts for their employees.
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CHALLENGE 1
Changes in Laws
They must ensure to work on accurate and latest
data compliant with labour and tax laws.
However, frequent changes in these rules create
payroll challenges and make the task complicated
and time-consuming.
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CHALLENGE 2
Time and Attendance Sheet
Businesses take employee Businesses take employee
attendance using card swipes, punch in/out, and
even manually signed registers.
The data is then duplicated and shared among
concerned departments. Typos can introduce errors
in the data. Verification of data takes time and
effort.
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CHALLENGE 3
Documentation for Remote Team
Today, businesses use remote teams for projects.
Using traditional payroll and HR methods for
these teams is not possible.
Documentation for on/off-boarding of employees,
leave, and compensation management is
problematic.
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CHALLENGE 4
Data Security
Business' financial, payroll, and employee data
need to be protected. Computer viruses,
ransomware, and malware pose a threat to its
security.
They must invest in the latest firewall,
antivirus, and malware tools.
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CHALLENGE 5
Changes in Payroll Policies
In addition to changes in the laws, a payroll
executive has to keep an eye on the changes in
the company policies.
They have to track and accommodate these changes
in payroll processing to get it right.
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Threats
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SOLUTIONS
Outsource Your Payroll
Businesses prefer to avoid payroll challenges.
They outsource the task to firms specialising in
payroll services in Singapore.
These firm use the latest payroll software and
automates task.
They also use employee policies and the latest
software to protect their clients' data.
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Payroll services in Singapore employ a team of
experts that take care of the following
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The providers of payroll services in Singapore
save you time and effort. They reduce your stress
levels and enable you to focus on growing your
business. Yes, they cost. However, it is highly
affordable compared to what you pay to maintain
an in-house payroll setup.
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CONTACT US
65-6536 0036