Payroll Services in Singapore
Ensure your employees are paid on time, every time, with our efficient and accurate payroll outsourcing service
If you’re juggling multiple vendors and freelancers, our inclusive HRM system simplifies payroll management. We handle everything from disbursement to CPF contributions and allowances, streamlining your processes and reducing administrative burdens.
Why Outsourcing Payroll Services?
Managing payroll in-house is time-consuming and complex, especially when compliance is critical. Mistakes in payroll can result in penalties, dissatisfaction, and unnecessary stress. Relying solely on in-house teams or hiring excessive admin staff can strain your business further. Outsourcing payroll to our experienced professionals allows you to:
Lower Compliance Risks with Faster Turnaround
Ensure proper budget and manpower allocation, While maintaining regular and accurate payouts to all your employees.
Make Better Business Decisions, Access real-time payroll data and advanced reporting to make informed decisions for your company.
Our Payroll Services
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Accurate Payroll Computation:
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Calculations of mandatory contributions such as CPF, SDL (Skills Development Levy), and other statutory requirements.
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Processing of additional components like bonuses, overtime, deductions, and reimbursements.
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Compliance with local tax codes and regulations to prevent errors that could result in penalties or employee dissatisfaction.
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Tailored solutions for specific payroll structures, such as multi-tier employee benefits or union-related salary components.
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Salary Disbursement
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Direct payment of employees’ net salaries through electronic bank transfers to ensure timely payouts.
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Automated CPF submissions for employees and employer contributions, minimizing errors and saving time.
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Issuance of confidential payslips in both digital and hardcopy formats, customized to your requirements, with detailed breakdowns for transparency.
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Integration of salary payments with regional banking systems to accommodate employees working across borders.
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Leave and Expense Claims
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Leave Administration: Electronic leave application and tracking systems to manage annual, medical, childcare, and other types of leave.
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Expense Claims Management: Automated systems for employees to submit expense claims with receipt attachments and approval workflows.
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Compliance Checks: Ensure leave and claim policies adhere to the Singapore Employment Act and company regulations.
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Custom Reports: Provide detailed summaries of leave balances and expenses for better resource planning and financial oversight.
DO YOU KNOW?
Non-compliance can be costly:
Failure to adhere to Singapore’s payroll and CPF regulations can result in hefty fines and penalties, impacting your business reputation.
Employees value consistency:
Studies show that timely and accurate payroll enhances employee satisfaction and retention rates.