Do you know?
One out of three businesses pays a penalty for payroll matters such as
- Errors or miscalculations for CPF contributions, FWL and SDL etc.
- Late or no submission of IR8A/IR21 etc.
- Penalty or warning from other statutory boards
Why three out of five businesses outsource their payroll?
- To avoid complexity, confusion and disruption to the payroll operations
- Time savings by focusing on core functions and removing non-core functions
- Turn fixed payroll costs into variable costs, leading to cost savings
- Employees are paid on time
- Employee records are kept confidential and well-maintained
- Low processing fees
- No setup/implementation fees
- Flexible and customized plans to fit individual needs
- Full statutory compliance with local legislation
- Increased accuracy and timely payroll processing
- A reliable and knowledgeable partner.