Payroll record is both personal and sensitive to employees because it is about how much they earn. An unclear and non-transparent payroll process can lead to payment errors, which may cause confusion and dampen morale among employees, or worse, lead them to leave the company.
In order to provide a transparent and on-time payroll process, businesses first need to deal with administrative workload in the payroll process includes: keeping labor records; processing manual data; complying and paying labor tax; data security and fraud prevention, etc. However, For SMEs, it is difficult for them to handle all the workloads mentioned. Meanwhile, making an immediate investment in finance, technology, and manpower is also an impractical solution. Meanwhile, it is true that large businesses possess a more surplus human capital as well as financial resources, but building a comprehensive payroll system will also force the HR team to spend more time and energy instead of focusing entirely on other strategic activities. Therefore, seeking help from payroll outsourcing services should be taken into consideration.
According to HR experts, the highlight of the payroll outsourcing services is the modern and up-to-date technology for specific needs, ensuring accurate, timely, and transparent payroll processes. Payroll outsourcing services also support businesses in responding to questions about salary, insurance, etc. Some professional payroll outsourcing services can also provide businesses with new salary trends and update on labor laws and legal regulations.
Besides, a transparent payment procedure will leave a great impact on personnel and the human resource management development
Source VnExpress
