Payroll management is a fundamental and indispensable task of all business, but it can lead to many consequences because of its crucial role. Therefore, many businesses today choose to use an outsourcing payroll management service as an optimal solution.

To have a comprehensive understanding of payroll management services, businesses must focus on the following information.

When should businesses use payroll management services?

Businesses need to rely on payroll management services when:

- Newly established businesses  without hands-on experience of management and operation.
- Small and medium enterprises without the need of maintaining a cumbersome HR department
- Large enterprises with numerous personnel and administrative departments, but having the challenge of payroll.

Benefits of using payroll management services

This service will bring many benefits to businesses such as:

- Saving costs. Instead of hiring a head of human resources and 2 affiliated employees, businesses can consider agencies with  reasonable prices to take the responsibility of payroll. Businesses must not worry about arising circumstance such as sudden resigning and urgent recruitment.
- Risk reduction: Companies providing payroll management services have highly qualified and experienced staff to perform accurate salary calculations and reduce risks.
- Security and data safety. When employees of the enterprise self-calculate their salaries, it sometimes is confusing, leading to the leakage of confidential information or the forging of records for the goal of embezzlement. However, external payroll management service can guarantee this issue. Typically, with Farovietnam, there is a dedicated server system to gain accurate payroll and daily backups to confidentially store data.
- Ensure legal labor laws. For representative offices in Vietnam, most of them are not knowledgeable about the provisions of the current Vietnam Labor Law and they do not have expertise in the field of Government employment and tax regulations. However, with Farovietnam's payroll management service, Faro commits to help businesses do the obligations under the Vietnam labour law and avoid mistakes that lead to violations and costly fines. as well as bear other legal responsibilities.

Which company provides reputable payroll management services?

If businesses are looking for a company that provides professional and reputable payroll consultant service, please consult Farovietnam. Farovietnam possesses outstanding advantages compared to many other payroll management service companies such as:

• Having a team of well-trained and certified accounting staff with vast knowledge about the laws and regulations of the State of Vietnam on tax and labor
• 100% are Vietnamese stave, always understand and constantly update policy and the law
• Having many-year hands-on experience in payroll management services to meet all customer requirements.
• Optimizing costs and providing the most effective solution.

For more information about this service, please contact the hotline!