Outsourcing payroll services to an expert can help save money, time and compliance headaches. This is why a growing number of small businesses and enterprises are considering having a professional outsourcing partner like GOHRBPO who offers fully managed, specialised payroll services.
To know whether payroll outsourcing services are a good fit for your organisation, check out the top benefits as discussed herewith.
1. Get Access to Industry Experts
Whatever is your business size or type – whether a startup business, SME or an enterprise – GOHRBPO has a solution for you. With payroll outsourcing, you can leverage upon the knowledge and proficiency of an HR consultant which can be effective in making informed decisions with regard to acquiring and retaining the best talent pool.
2. Flexible Offerings
No two businesses are the same; so why should be their needs to outsource payroll services! A good payroll outsourcing firm will provide bespoke services that suit your company’s unique requirements and needs. We specialise in a broad range of payroll outsourcing services that include:
- Employee data management
- Payroll administration like preparing and filing CPF contributions, calculating pay items, etc.
- Employee leave management
- Claims processing
- Tax – IRAS
- Timesheet outsourcing
All the services can be tailored to fit your business needs. Being a trusted choice for Singapore payroll services, we provide the flexibility to choose our comprehensive solutions or outsource specific payroll functions.
3. Cost Savings
As a business, outsourcing payroll services can help you save thousands of dollars, especially if you are a small or medium-sized enterprise. Large corporates and MNCs have a bigger workforce and more capital to hire an in-house payroll team. However, for SMEs with a smaller workforce and limited resources, payroll outsourcing can be the best bet to avoid errors, stay compliant and save more.
4. Compliance Taken Care of
Companies report paying millions of dollars in fines due to non-compliance. Outsourcing to a professional payroll management firm can help you stay compliant and avoid penalties.
5. Improve Your Bottomline
Outsourcing payroll allows you to focus on your core business or strategic tasks that can help improve your bottom line. Let your teamwork be what they are best at, while GOHRBPO can take care of your HR outsourcing and payroll functions.
Considering the above benefits will help you determine whether payroll outsourcing is the right choice for your company.