Payroll Outsourcing
In Alaska Consultancy Limited, personalized payroll outsourcing services provide businesses with a dependable alternative to on-site payroll processing. Business owners can now eliminate financial and administrative burdens associated with in-house payroll processes. You could end up dealing with legal issues for any mistakes with taxes or non-compliance for payroll.
Why three out of five businesses outsource their payroll?
- To avoid complexity, confusion and disruption to the payroll operations
- Time savings by focusing on core functions and removing non-core functions
- Turn fixed payroll costs into variable costs, leading to cost savings
- Employees are paid on time
- Employee records are kept confidential and well-maintained
- Low processing fees
- No setup/implementation fees
- Flexible and customized plans to fit individual needs
- Full statutory compliance with local legislation
- Increased accuracy and timely payroll processing
- A reliable and knowledgeable partner.
The Process
- Automation of payroll services by setting- up payroll file for direct employees and outsourced contract staff
- Full compliance with Singapore HR payroll and employment laws and regulations
- Arrange accurate payroll processing and salary disbursement to employees via bank giro transfer
- Provide e-payslips for all employees using cloud-based payroll software
- Provide detailed company payroll management reports
- Prepare and submit ad-hoc statutory claims such as national service, maternity, childcare, etc, using payroll software
- Submit yearly employee income declaration (Auto Inclusion Scheme) to IRAS
- Make appropriate CPF and other statutory contributions including SDL and community- based contributions such as CDAC, MBMF, SINDA and ECF contribution
- Apply, submit and process the application for appropriate government training grant available for your employee
- Management of attendance and leave