A large number of Singapore companies use payroll services to take care of compliance and pay their employees. The services provider sees to the consistency in their payroll processing. The move frees them from having to track the changes in CPF and tax requirements consistently.
Who Should Hire Payroll Services in Singapore?
If you are still unsure of whether or not to engage a third-party payroll services company, go through the following list. You should hire a payroll firm if you are:
- A new company that is not familiar with Singaporean labour laws.
- A business owner who does not want to spend on the in-house HR department.
- Owner of a rapidly growing company that wants to focus on core goals and objectives of the business.
Should I Hire a Professional Payroll Service?
When you hire a professional payroll services provider, you benefit from their experience and deep knowledge of labour laws. They advise you and support you in streamlining processes. You should expect the following payroll services from them:
- Executing payroll processing instructions.
- Filing bank payments.
- Statutory reports.
- Accurate salary calculations.
- Itemised electronic payslips.
Key Reasons for Outsourcing to a Payroll Service
Payroll is your liability, and processing it is a complex and time-consuming task. And as per the Employment Act, you have to pay salary to your employees within 7 days at the end of every cycle. If you fail to do so, you may get penalised. It is why business owners rely on outsourcing payroll services. Their executives are punctual and ensure that your employees receive their salary on time. Their output complies with the regulations put out by MOM.
Outsource Your Payroll to Nimmish
Nimmish is a reliable, professional payroll service in Singapore. Our payroll executives are knowledgeable and competent to execute your company’s payroll needs. We can reduce your payroll costs, save valuable time, and eliminate stress. We take care of your non-profitable and non-core tasks. It enables you to focus on your business’s core objectives and goals.
Contact us at +65-6536 0036 or email us at [email protected] to know how we can customise our payroll services to meet your business needs.
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