'Payroll process' presentation slideshows

Payroll process - PowerPoint PPT Presentation



Five Signs That Say You Need Employer Of Record Services In Germany

Five Signs That Say You Need Employer Of Record Services In Germany

One of the most time consuming yet important tasks are Payroll and HR. As there is a legal component attached to them, it is always very important to get things done in the right manner. In order to have everything in-house, we sometimes end up making mistakes. Using employer of record services in Germany is a very good idea to ensure a seamless and tension free business flow. If you are still doubtful, look for these 5 symptoms that says you need to hire an employer of record in Germany: Symptom 1 - Was There Any Glitch In The Payroll Process Ever? This could be as small as having some trouble in implementing the process to as big as being fined or audited. This is a sign that you have not been able to handle everything by yourself and it is probably a good idea to hire an EOR to do the job. Symptom 2 - You Are New To Germany How aware you are of German rules and regulations is a great way to assess whether you are prepared to handle the whole process all by yourself. If you are new here, then it is probably the best idea that you go for an EOR. Symptom 3 - You Are Expanding To New Regions Having an inhouse HR services for a small team with everyone at one place is easy but as you plan to expand in different regions and countries, the work increases and so is the chance of mistake. Symptom 4 - Near Death Experience Things are ok now, but it sure is a symptom that it is now time to start looking for an EOR who can do things for you making sure that you are compliant with all the laws of Germany. The laws that are recently changed or the brand new laws which, you are aware of, but not sure how it will affect your business. Symptom 5 - Lack of Time How much time do you able to give to your administrative staff? Are you expanding in all directions? Has your HR and payroll staff been able to handle the expansion? The answers to these questions can be the last symptom you would need to actually decide that it is high time to have an EOR on board.

118 views • 11 slides


Most Excellent Practices Of Payroll That Every Company Should Have

Most Excellent Practices Of Payroll That Every Company Should Have

Payroll in Germany is one of the most important tasks. Not only is it usually the biggest expense of your company, it goes to one of the most crucial parts of your company - your team. Hiring a Payroll Company in Germany is a great move but having some best practices in your company can help keep your finances on track and keep your employees happy and satisfied. Below is a list of some of best practices that we recommend to our clients: 1. Go Completely Digital 2. Be Transparent 3. Confidentiality Is Still A Must 4. Correct Classification 5. Tax On Time 6. Get Up To Speed Having a transparent Payroll process can go a long way in forging a relationship with your employees. At the same time, information like employee’s salaries, banking information and Social Security Numbers must always remain confidential. Having an expert firm on board can help you organize this information into a digital database which is fully secure and most unlikely to get compromised. Every employee brings with him a truck load of paperwork and formalities. It can be a bit time consuming and overwhelming to get all the formalities completed. Having a speedy process in place could go a long way as it not only creates a great first impression of the company but would also get the actual work started in less time. Having an expert company to help you with this would not only make the process speedier but also seamless with the least strain.

121 views • 10 slides


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