Addressing the business owners and the HR professionals out there! Keeping in view that the company is working in Singapore, we know how crucial a payroll system is. Let us face it; managing payroll can be a headache, especially when your mind is stuck on developing the business. It is exactly at this time that the payroll services come in quite handy. Today, here are the hot seven payroll services for you in Singapore for 2024-25 that we are going to explore in detail for their charges. So sit back with a cup of kopi, and let us begin!
Payroll Services Fees Singapore
1. GOHRBPO
Our first mention is GOHRBPO, a rising star in the Singapore payroll industry. It offers flexible pricing from $50 to $80 monthly depending on the selected services and perks. Whether you are a small startup or a growing SME, GOHRBPO can provide a package that fits your needs and budget.
Their services include:
- Monthly payroll processing
- Annual IR8A preparation
- Leave Management
- Claims processing
With competitive pricing and comprehensive packages, GOHRBPO is worth some consideration for any business looking for balance between cost and quality.
2. ADP Singapore
ADP is a well-known brand in the payroll services industry, and the Singaporean arm of the company does not let that reputation down. While a bit pricey, starting at around $100 a month for basic services, you’re paying for reliability and a robust system that can handle even complex needs in payroll.
Key features:
- Multi-country payroll solutions
- Compliance management
- Employee self-service portal
- Real-time reporting
ADP is best suited for large organizations or those with international operations.
3. Frontier e-HR
Frontier e-HR is truly Cloud-Based Solution and Quick Favorite of the Businesses in Singapore
Their pricing is transparent, and the starting packages go as low as $88 per month for up to 50 employees.
The highlights of this product are as follows:
- Well-integrated HR and payroll system
- Mobile app for the employee
- Customizable reports
- Automatic tax calculation
Frontier e-HR is quite excellent for businesses that are seeking an HR and payroll all-in-one solution.
4. PayrollServe
PayrollServe is a homegrown Singapore entity that fully understands the local space. Fees are from $70/month for the most basic payroll processing-that is, pretty competitive for small and medium-sized operations.
They must have the following:
- Compliance with MOM and IRAS legislations
- GIRO processing by banks
- Detailed payslips
- Final tax reporting Year-End for every tax year
PayrollServe’s local expertise makes them a safe and reliable choice for companies based in Singapore.
5. Talenox
Talenox is great for tech-savvy people who love to see modern interfaces. The pricing is very simple: starting at $4 per employee/month with a minimum of $40 a month.
Main features:
- User-friendly interface
- Integration with accounting software
- Automatic salary calculation
- The system for Leave management
Talenox will be great for start-ups and small companies looking for a no-frills easy-to-use system.
Also Read:- Affordable Payroll Management Services for Startups: Empowering Singapore’s Entrepreneurial Spirit
6. BIPO
BIPO specializes in thorough HR and payroll solutions focusing on the Asia-Pacific region. They charge based on quotes that may range from as low as $80 to as high as $150 per month, depending on the size of your company or number of employees.
- Multi-country payroll processing
- HR analytics
- Time and attendance tracking
- Performance management
BIPO will help those companies with a regional presence or companies that are thinking of expanding their business across Asia.
7. Singroll
Finally, there is Singroll, a payroll service provider that has recently received attention due to affordability and a good feature set. Their plans begin at as low as $30 per month for up to 5 employees, making them one of the cheapest on our list.
Key features:
- CPF calculation automation
- Email payslips
- Basic HR operations
- Very cheap for small businesses.
Singroll is a great option for micro-businesses and new entrepreneurs who intend to outsource their payroll without breaking the bank.
Also Read:- Best Payroll Outsourcing Services for Small Businesses in Singapore
Wrapping It Up
In a nutshell, by choosing the proper payroll service, you save time and minimize errors while making your employees happy. When you make your decision, do consider:
- Company size and growth plans
- Budget constraints
- Add-ons like HR management features
- Ease of use and customer support
The bottom line: the cheapest service may not be the best fit for your business needs, and the most expensive may still make errors; it is a case of finding the right fit for your business.
You’ll have free trials or demos before making a final decision; many services offer this, and it will provide for try-before-you-buy.
And there you have it: our rundown of the top 7 payroll services and their fees in Singapore for 2024-25. Hopefully, this guide will enable you to get just the right payroll partner for your business, no worries attached! Cheers to paydays without hassle and happy employees!
For more information on payroll regulations and best practices in Singapore, check out the Ministry of Manpower’s guidelines.
