In today’s competitive era, every business is striving to be one step ahead of their competitors, and needs to focus on strategic planning to stay competitive for the long-term journey and to prepare for unexpected economic and political situations.
Payroll management is a critical element of any company and it comes with its own range of complications, reporting conflicts, accounting errors, and confidential data issues. Moreover, unskilled people can cause errors and delays in the payroll process and payday of your employee which may lead to decreased employee satisfaction and productivity.
A well-managed payroll process requires experienced payroll professionals with the law and regulatory knowledge associated with labor and income tax which are necessary to calculate the payroll process according to legal requirements.
But it is not as easy as it sounds to build up a well-managed payroll system with local payroll professionals, which might cost more than it should for startups, medium and small businesses, as well as subsidiaries of international companies in developing countries like Myanmar.
That is why payroll outsourcing is one of the most significant business trends to date globally. The demand for payroll outsourcing is increasing as many businesses realize the benefits and security of an outsourcing partner who manages to alleviate the mounting burdens of the company’s HR tasks.
At MP&O, our experienced local team provides managed payroll services using a localized payroll platform developed specifically for Myanmar in consideration of local laws and regulations.
By consolidating all your back-office functions of payroll with MP&O, you will gain greater efficiencies and business productivity. We make sure your employees get their salary on time, so they are proud to work with your organization and feel appreciated.
Therefore, if you want your HR Department to focus on being a strategic partner to the business, inquire through email: [email protected] or contact: +959 777 002 284 to know how we can help your business.