1 / 7

Reduce Payroll Processing Costs Singapore

Payroll is an important component of any HR function. It deals with employee benefits, payouts, tax filing, and much more. With so many administrative tasks related to it, many companies (particularly SMEs and start-ups) prefer to outsource payroll management to third-party providers.

Parkeradam916
Download Presentation

Reduce Payroll Processing Costs Singapore

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. QuickHR Solution To EffectivelyReducePayroll ProcessingCosts Advantagesto Hiring the Best Reduce PayrollProcessingCosts THEROLEOFHR: Fullaccesstoend-to-endpayrollservicesandreducedpayroll

  2. processingcosts PayrollisanimportantcomponentofanyHRfunction.Itdealswith employeebenefits,payouts,taxfiling,andmuchmore.Withsomany administrative tasks related to it, many companies (particularly SMEs and start-ups) prefer to outsource payroll management to third-party providers. Collaboration and partnership with a good payroll providerare beneficial. Payrollproviders enable companiesto have fullaccess to End-to-end payroll services Hard-copyofpayslips Real-timepayrollreportgeneration andmuchmore. Alltheseservicesultimatelyequatetoconvenience– For immediate access to accurate reports Hassle-freepayrollmanagement andmoreproductiveuseoftime. Withconveniencecomespayrollprocessingcosts.Thecostsvary dependingontheextentofpayrollmanagement/involvementrequired.With

  3. manypayrollprovidersavailable,theyoffergoodrates. However,theirprice maystillbeconsideredtoosteepespeciallyforsmallbusinessesandstart- ups. • Payroll processing: Costs andserviceinclusions • What andhowarepayroll providers charging their clients? • Payrollproviderschargedependingonthefollowing: • Totalnumberofemployeesinthepayroll • Frequencyofemployees’payout • Trackingofhoursrendered andthecorrespondingrate • Distributionofpayslips • ComputationofOvertime • Leavemanagementsystem • In-depthandthoroughmonthlypayrollreporting • Adhocrequiredpayrollservices • Payrollprovidersusuallyofferdifferentpackagesforbusinessestochoose from.It can range frombasic to extensive coverage.

  4. Averagepayrollprocessingcostsperemployeeforbasicpackageis usuallybetweenSGD70andSGD75for aminimumof 5employees. SpecialadditionalservicessuchasLeaveManagementandclaims processingmay cost around $3each per head extra. Reductionofpayrollprocessing costs : Apossibilitywhat can bedonetosignificantlyreduce processing cost? Simplyput,cloud-basedHRSolutionssoftwaretakesthejobofpayroll

  5. providers.Allrequiredinformationisstoredonline.Thesoftwareprovidesproviders.Allrequiredinformationisstoredonline.Thesoftwareprovides easyaccesstoaccuratereportsanytime,anywhere. The software also provides an impressive and enhanced user interface. All usersaretreatedwithutmostcomfortandconveniencebecauseofits designandlayout.Allfunctionsareeasyto find and functions easy to understandand use. The cloud-based software significantly reduces payroll processing costs whileproviding a good user interface. The software ultimately becomes everycompany’s tooltoachievecost-efficiencythrough simple usability andexcellent design. QuickHR: Our cloud-basedsoftware reducespayroll processing costswiththe best userinterface

  6. Partner with Singapore’s leading provider of cloud-based HR Solution QuickHRisproudtobeSingapore’sleadingCloud-basedHRSolution. Even better, our company aimstoprovideourmosttechnologically advanced solutionin a user-friendly,cost-efficient, andlightning-speedway. Ourcloud-based"QuickPayroll"canbedonewithjustthreeclicks– Generate,Preview,andSubmit.ItcomesequippedwithaCPFcalculator

  7. andautoSDLdeductions.EverythingisdesignedtomakerunningpayrollandautoSDLdeductions.Everythingisdesignedtomakerunningpayroll softwarehassle-freeand easy. Allthesefunctionsarestrategicallylaidoutforeasynavigation.This enablesanyusertoeasilyexploreall functions without taking too much timespent on learning. Even the most basic of users adjust easily and becomeexpert users in no time. Itsvibrantwebdesignalsocompletestheentireuserexperience.Theuse of colors, animations, and text are geared to encourage playfulness and positivity.Allthesefactorssubliminallymakeanyuserstaylongerand exploremore. Onceagain,wehopethatyou'veenjoyedagoodreading.Andremember,Think Now,ThinkFar, ThinkQuickHR. *Getintouchwithusatquickhr.co/contact-ustofindoutmoreaboutour state-of-the-art HRMSsolution!

More Related