Four ways your business will benefit from outsourced payroll
2020 will undoubtedly go down in history as one of the toughest years for businesses in living memory. Chances are, the unpredictable and rapid changes of this year have left your team struggling to cope, with fewer people trying to do the same amount of work and increasing pressures on internal resources.
Your payroll team – those dedicated humans who ensure everyone gets paid accurately and on time – are not immune to the pressures of Covid-19. In fact, even differentiating between ordinary wages and additional wages adds a layer of complexity to payroll practices. With businesses more under-resourced than ever, it’s completely understandable if you need to seek help from outside your business.
After all, now is not the time to overlook the importance of accurate payroll processing. Payroll requires specialist knowledge, can be quite intricate work, and businesses who get it wrong risk substantial consequences. Many businesses are turning to outsourced payroll services to take the pressure off their in-house team and lend a helping hand when it comes to payroll processing.
Business functions like marketing, customer service and logistics are increasingly outsourced, so why shouldn’t your payroll also be outsourced to experts? Let’s take a look at four ways your business will benefit from Roubler’s managed payroll services.
Navigate the payroll labyrinth
It’s all too easy to take a wrong turn in the labyrinth that is payroll. The complexities of tax, wage subsidies, overtime, CPF, and PAYE intertwine to create an incredibly complicated system. What’s more, if your business operates across several locations or countries, the amount of knowledge you need in-house to undertake payroll increases exponentially.
Navigating through this maze is something that is best left to the experts. Highly-trained professionals have the knowledge your business needs to avoid the pitfalls of payroll, ensuring your staff are paid accurately and on time, every time.
Stay on top of compliance
Staying compliant with MOM payroll regulations can sometimes be difficult and getting wage calculations wrong could be seen as violating employment laws, which leaves even the most well-meaning businesses liable to audits, government fines, wage theft accusations, or license revocation.
The last thing your business needs, especially during an already tumultuous year, is an unnecessary fine or a dent in your business operations. Don’t risk getting into trouble or damaging your business reputation. With experts streamlining your payroll management, you can focus on other parts of your business.
Save time and money
Another well-appreciated benefit of outsourcing your payroll is that you’ll almost immediately save your business time and money. Hiring, training, and onboarding an in-house team is costly, not to mention all the additional overheads involved.
With outsourced experts, you can rest easy knowing that your payroll is in capable hands. Roubler’s payroll team works fast, knows all the tricks of the trade, and will process your payroll with a high degree of accuracy. You can then redirect cost savings into focusing on your Covid-19 recovery strategy.
Enjoy peace of mind
Finding the right outsourced specialists can be difficult. Rest assured that Roubler’s outsourced payroll team has the expertise to keep your payroll processes running smoothly on time, every time.
Our team is based in Singapore, and understands your unique business needs, ensuring the transition is seamless and secure as you take the pressure off your in-house team. Backed by the best in payroll and workforce technology, you’ll have access to powerful reporting and analytics of all your payroll data to gain insightful productivity metrics.