Payroll service is applied by many businesses owing to not only its quick, high accuracy and also its legal guarantee which help businesses avoid payroll problems. To have a comprehensive understanding of the payroll service and ít benefit for businesses throughout the using process, please follow this article.

What is payroll service?

Payroll service is a assisting service related to salary issues such as:

• Payroll and tasks related to paying social insurance, unemployment insurance, health insurance on behalf of businesses.
• Tax finalization and responsibility for making periodic human resource reports, leave tracking, and securing confidential information
• Support and consult with accurate information on payment.

What are the benefits of using a payroll service?

The use of payroll services help businesses reach many benefits, specifically as follows:

• Saving time. Instead of taking care of payroll by themselves, businesses can take advantage of the assistance of agencies thereby saving time to focus on their core activities.
• Saving budget for recruitment, training, benefits, insurance, salary and increasing working space at the same time.
• Focusing all their efforts on their core goals to grow their business thereby increasing efficiency and profits.
• Having backed up all procedures, issues related to taxes and compulsory insurance comprehensively and accurately, which can help businesses reduce the risk of deadweight loss. As a result, the enterprise can ensure that the enterprise pays the employee's salary accurately, promptly and quickly.

What are the outstanding characteristics of Faro Vietnam's payroll service?

In the series of fiercely competitive HR agencies, Faro Vietnam is one of the top agencies which has got the trust of many businesses. Faro Vietnam's payroll service is a perfect option for:

• Foreign enterprises in Vietnam
• SMEs
• Startup company

Faro Vietnam's payroll service will help customers carry out the entire payroll process including:

• Construction of labor contract
• Handle issues related to payroll in the company
• Paying directly salary to employees
• Taking responsibility for tasks related to unemployment insurance, social insurance and health insurance for businesses
• Finalization of personal income taxes
• Conducting reports related to personnel changes for the enterprise
• Store and ensure all information about employees, wages, benefits and related reports and records.
• Consulting, updating and providing information related to the current Labor Law, salary in Vietnam

In payroll service, Faro Vietnam will break down each item so that businesses can choose the appropriate service package including:

• Tax declaration
• Tax accounting
• Package accounting
• Accountant
• Taxes consultant
• Financial report
• Tax finalization

With Faro Vietnam's payroll service, businesses can be able to solve problems quickly, accurately and cost-effectively while still complying with the Labor Law and information security. At the same time, businesses will be consulted on a specialized solution on salary.

Hopefully, through this article, businesses can have a comprehensive understanding of the payroll service and its benefits. If businesses have the demand of more advice on payroll services and other specialized solutions, please contact Faro Vietnam's hotline!