Payroll

Singapore Payroll Management- Latest Rules & Practices 2020

Payroll Management Rules and Practices in Singapore 2020 Engage our human resource support and payroll service to comply with current Payroll Management Rules in Singapore. Payroll Management rules in Singapore has evolved over the years with significant changes made by Singapore’s Ministry of Manpower (MOM) since 2016 to order to protect the rights of both employers and employees. One of the major requirements in Singapore’s employment laws and regulations is that all employers must provide itemised payslips when paying salaries for all [...]

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What Is Payroll Management Service?

Type of work involved in Payroll Management Service The payroll refers to a list of employees that are currently being hired and paid for their work by the relevant employer. However, when one speaks of “Payroll Management Service”, they most commonly refer to the administrative menial work involved in managing a company’s monthly payment towards its employees and the relevant calculations involved. This can be quite a demanding task in terms of its time consumption. The calculations involved are intricate [...]

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Payroll Software- The Key Competitive Business Advantage

There are many benefits of using Payroll software to calculate and disburse employee’s salary, calculate contributions made by employees and employers, and provide pay slips for the employees. Over the years, with the advent of software technology and cloud based data storage technology, performing the tasks of calculating employee’s salary manually have become be costly, time consuming and inefficient. Here are some of the advantages: If one has sufficient knowledge of IT, the software is cost effective as one can control [...]

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Business Case for Payroll Service

Payroll Service is increasingly being sought by forward looking companies as part of their human resource strategies to remain nimble and lean in an increasingly competitive business environment. With the advent of technology and payroll software, payroll outsourcing to leverage and improve business efficiency and productivity is becoming one of the key priorities in human resource management as outsourcing payroll service provides a clear benefit. Below are several reasons why companies should consider outsourcing their monthly payroll process. Increasing complex and constantly [...]

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