Hong Kong, April 25, 2018 - Even the most experienced human resources professionals know that payroll can be a headache. No matter in multinational corporates, small businesses or start-up companies, payroll is an essential part of businesses to reward and retain employees. Miscalculation can demotivate your employees and the consequence can be costly. There are a number of benefits for businesses to outsource payroll processes to a knowledgeable and reputable payroll vendor.
Saving time in operation: Handling payroll in-house requires a lot of time and attention to detail, which becomes a series of checks and balancing to ensure error-free results. Through outsourcing payroll, more time can be devoted to improving workflow efficiencies.
Improving data security: Outsourcing payroll typically means employee data is kept in highly secure servers with cutting-edge encryption technology. Comprehensive payroll services by IPL HRMS provide a state-of-the-art approach of storing and protecting data as a standard practice.
Keeping abreast of Hong Kong laws: Business owners are legally responsible for any cases of nonconformity to the Employment Ordinance even though they are not experts in the complicated government regulations.
Experienced payroll outsourcing vendors like IPL HRMS understand related ordinances and are able to keep up with the regulations constantly. The IPL HRMS service team certified with ISO 20000-1:2011 provides high-standard service and helps businesses meet their needs for managing the payroll of the entire workforce and HR administration, from basic to complex, to name a few:
- Monthly payrolls of a wide variety of employment packages
- Final payments and other ad-hoc payments at additional batches
- Payroll-related reporting, from standard to tailor-made
- Leave administration and pays lip distribution
- MPF reports and other related documents to MPF service providers
- Annual tax-return preparation
- Regular data backups
- Department-specific analysis, e.g. HR and finance & accounting
- Acting as your HRIS and HR advisor
Why bother to manage your payroll in-house? It’s time to save your valuable time and money through payroll outsourcing.