For many businesses, payroll services offer an attractive and valuable alternative to in-house processing. Chosen correctly, they provide a less expensive, simpler means of paying your employees, filing your taxes, and performing a host of other duties.
Here are the top 5 reasons why you should outsource your payroll.
Complex rules and calculations
With so many rules and by-laws for different age groups, employee benefit programs, employees joining & leaving and taxes to consider, it is becoming extremely challenging to process the exact salary and reimbursements of each employee. You must also be able to answer your employee’s queries about their payroll confidently and clearly.
Even if you can do all this by yourself, how can you be sure that everything has been taken care of? How will you verify the accuracy of your calculations? Do you have a safe and secure mechanism to do a proper audit of your payroll processing?
Payroll processing companies provide a wide array of reports that address the most common reporting requirements. Such comprehensive reports may not be possible with your in-house payroll software or may take a long time for your IT staff to figure out or develop. You can quickly get the outsourcing company to deliver specific & ad-hoc reports for your custom analysis.
Direct access to experts
Outsourcing companies are staffed with payroll experts who can answer your employee’s queries on the phone, and act as a single point of contact for your employees. Most payroll outsourcing companies can even come down to your office to conduct in-house training sessions or have a hands-on consulting session with the management & staff.
Outsourcing the monthly payroll processing often saves you a full headcount. This resource can then help you in sales, customer services, or you can simply enjoy cost savings. In fact, cost saving is a by-product of payroll outsourcing. Most companies outsource their payroll because of the hassle it proves to be, not realizing that by outsourcing, they are actually going to save costs in the long term.
Professional payroll processing services
Payroll outsourcing companies provide basic to complex payroll administration for businesses. They maintain individual payroll files for each employee and compute all the salary and reimbursements on time. Printed or electronic pay advices via the internet are delivered to each employee, and annual bonus, increments etc. are processed with ease. Such enhanced services ensure that HR professionals can focus on real HR work like staff training & development or compensation planning.
Payroll outsourcing can save you from all the challenges of changing rules, doing individual payroll calculations and having to answer your employee’s every day questions about their payroll. You get comprehensive reports, direct access to payroll experts, and save time and money in the process. It also results in having a greater peace of mind, and more time to focus on the business. Such wide array of benefits has convinced thousands of companies to switch to an outsourced payroll solution.
Wolke is at the forefront of HRMS and Payroll Software Solutions and has extended its new service in a new area SaaS- Software as a Service (SaaS) which is a HR and Payroll software delivery method that provides access to software and its functions remotely as a Web-based service.
Wolke’s software licensing and delivery model is flexible, scalable and economical wherein a software is licensed on a subscription basis and is centrally hosted. It’s easy to implement and works on taking on new modules as and when needed. SaaS is typically accessed by users using a thin client via a web browser. Talk to us for an economical switch on switch off model.
Wolke provides the best Time & Attendance Solutions integrated to Payroll, to a number of clients nationally and internationally in the UAE, GCC, MENA and European region. It is a company based in Dubai Internet City UAE and has capabilities across Abu Dhabi, Sharjah, Ras Al Khaimah, Ajman, Fujairah, Umm Al Quwain. It has also expanded across Bahrain. It solutions are robust, flexible and scalable.
Primarily, we will need an understanding of your company processes, gather requirements and eventually implement a standardized system. Wolke also provides Microsoft Dynamics NAV/AX/CRM implementation and solutions. Besides our experience in a world class affordable HCM / HRMS Suite (Human Resource Software Solution) with modules like Core HR, Payroll, Time & Attendance, Employee Self Service, Performance Appraisal, Outsourced Payroll service and SaaS payroll model we assist our clients in various ERP solutions. Talk to us on your software needs. We are reliable, responsive and economical in our approach to our customers. Period. Talk to us if you are a construction, Logistics, Banking, Hotel, Trading, Financial Services, Landscaping, Facilities Management, IT, Developer, Contractor, Consultant, Engineering, Distribution, Shipping, Retail, Wholesale, Events or a Media Company.