Economic integration and increasing competition pressure lead to many difficulties for businesses in planning company strategies and developing organizational structure. In particular, human resource management activities are always respected because this is a necessary condition for other activities of the company. And staffing payroll is one of those problems.
The trend of using outsourced personnel service to the throne
In internal staffing activities, Vietnamese enterprises are increasingly focusing on the following directional issues: human resource development plan in each stage of business, strategy of recruiting leadership positions, building employee evaluation mechanism ... Because these are extremely important issues for the existence and development of the Enterprise.
For enforcement activities, businesses tend to use outsourced services. Among them are the payroll activities or issues related to taxes, insurance, which is gradually being transferred to prestigious external partners to perform. In the current economic integration period, competition pressure becomes more fierce. Managers should not spend a lot of time on operational activities, but focus on strategic planning activities, vital factors for the survival & development of businesses.
Payroll calculation - Solutions to cut costs and administrative burdens
Salary activities include many activities such as calculating the monthly salary payment; Register social insurance and health insurance for the authorities; Calculating personal income tax and refunding tax ... Every month, businesses have to spend a lot of time dealing with government organizations such as the Department of Labor, tax authorities, insurance agencies.
When transferring payroll activities out, the first benefit that the enterprise has is to reduce costs and administrative burdens. When hiring a C&B specialist whose salary is up to 1,000 USD per month, businesses must bear the cost burden of up to $ 1,720.5 because of additional costs such as bonuses, allowances, travel allowances, insurance, premises, office equipment costs, training costs ... Meanwhile, with a fixed monthly fee, the partners providing external payroll services will do everything for businesses.
Moreover, when transferring payroll services to outsiders, businesses will have more time to focus on the core issues and strategies, not having to spend a lot of time to implement complex issues or fluctuations such as taxes, insurance ... As a result, it will focus resources for other important company activities such as business, product development ... in order to survive and develop in the context of the global competition. In addition, businesses also do not have to concern about other important issues such as information leakage, confidentiality, working with relevant authorities to solve paperwork ...
Choosing partners to provide external payroll services is not easy
The payroll service is simple but very complicated and difficult because the most sensitive issue is salary.. Although aware of the importance of outsourced payroll services, finding a partner to provide them is not simple. Wages and labor regimes, as well as taxes and insurance, are always considered complex and volatile problems. Therefore, businesses need to find partners who are really knowledgeable about domestic administrative procedures, closely related to the governmental agencies related to salary calculation.
In addition, service partners also need to make long-term investments in infrastructure such as software systems, server systems, information security systems… Choosing an outsourced service provider is not easy, but if the right partner is chosen, businesses will no longer have to worry about cost burdens and procedures.
CONTACT FARO VIETNAM
HANOI HEAD OFFICE
Add: Unit 701A, 7th floor, Handi Resco Tower,521 Kim Ma street, Ba Dinh district, Ha Noi
Tel: + 84 24 3974 3091
Fax: + 84 24 3974 3090
HO CHI MINH CITY OFFICE
Add: Unit 1102, 11th floor, Central Plaza Office Building, District 1, Ho Chi Minh city
Tel: + 84 28 3821 4654
Fax: + 84 28 3821 4653