Handling the payroll In-house is more expensive than you might think. It’s not just the cost of hiring and paying payroll staff, but keeping the department running is significant on its own.
This means an investment in office space, supporting both software and hardware, continuous recruiting of more skilled personnel, and training as required depending on the growth of the company, are more complex and can be big-budget items.
Payroll outsourcing is the use of an external service provider to handle administrative and compliance tasks of payroll-related activities for the purpose of reducing costs and saving time.
In an outsourcing process, depending on your organization size, business type, and payroll policies, you can customize your payroll outsourcing services for everything from hiring, employment contract settlement, insurance, social security contribution, tax withholding, paycheck processing, and salary distribution for your employees.
Furthermore, keeping up with the rules and regulations, as well as changes in tax laws and compliance, is critical for your business. As our professional payroll expert team has the required expertise in the area, we guarantee accuracy and compliance of everything related to the payroll process for our clients.
In conclusion, the key advantage of outsourcing is that you can get back your time and focus on what really matters: the strategic business drivers of your business.
MP&O can customize human resource solutions based on the exact needs of your company. We have supported a wide range of international companies from all kinds of industries with complete payroll outsourcing services fully compliant with local law and regulations and striving to service more clients in the future.
If you are looking to outsource some of your HR operations or thinking of having an outsourcing partner, inquire through email: [email protected] or contact: +959 777 002 284 to know how we can help your business.