Using the Payroll Service helps businesses that want to save costs and improve efficiency in salary payment and welfare benefits. FAT will replace payroll businesses to help businesses have more time to focus on their main functions.
With the complicated legal system and administrative procedures in Vietnam, especially in the working environment, most businesses are facing a lot of difficulties in this regard. Using an outsourced payroll management service brings many benefits to businesses.
FAT’s payroll service, with a team of Experts in the Labor and Payroll industry and a team of professionally trained professionals along with a modern payroll and human resource management software system will help customers manage EFFICIENT and SECURE Wage Management.
FAT Provides a payroll process for businesses with the following jobs:
– Manage personnel data, track the signing of labor contracts, control types of leave.
– Timekeeping, Prepare monthly salary calculation table (time salary, product salary, package salary)
– Prepare salary expense reports according to customer’s administrative requirements
– Send pay slips to employees and answer questions about salary and other related issues
– Personal income tax report/finalization, PIT number registration for employees, dependent registration
– Carry out the procedures for reporting increase/decrease of insurance, closing the book, making health insurance cards, making dossiers to settle insurance regimes for employees.
– Monitor and deduct compulsory insurance premiums to the insurance agency
– Make periodical labor reports for state agencies
– Making work permits and other related issues for foreign employees and Directors
Customers who use our Payroll Management service get free legal advice from experts related to labor and salary, Compulsory Insurance, Personal Income Tax.
Benefits of using FAT’s payroll service
- Cost Reduction: Large enterprises can afford to manage large scale payroll systems, however for small businesses, internal payroll can be an issue. If your business is small to medium sized, there is an opportunity for you to save money by outsourcing payroll management services. Try to do a calculation, how many hours a day your employees perform salary-related tasks, the space you spend in the office to arrange them, and importantly, the cost for them. office equipment that you must equip that employee, and calculate how much you will have to pay and compare with the money you spend when outsourcing. Also, make sure the amount of money your business spends on printing, transferring checks, creating tax documents… You might be surprised by that.
- Increase Worker Productivity: Payroll management is a time consuming activity. By removing this burden, your employees can focus on their own business, and you can even reduce the size of your business.
Increase Accuracy: Errors in salary calculation can have consequences, affecting the reputation of the Company. We use state-of-the-art software operated by professionally trained C&B specialists to avoid errors. Moreover, if the service provider makes a mistake, the business can still fully claim financial compensation from the supplier, something that the business cannot do with its employees. - Speed: Since payroll providers are experts with the technical resources, they can handle the most complex cases at the fastest speed. Unlike most businesses, they are also able to provide a large seasonal workforce without requiring a new system while maintaining operations for the rest of the year.
- Liability: If payment of wages is delayed or paperwork is mishandled, it is the responsibility of the service provider to handle it. If the service provider can’t (or won’t) fix the situation to your satisfaction, you can totally sue them. You can even choose a different provider right away, even if you are still under contract with the old supplier. If you fire, hire and train a team of employees to specialize in their own salary, it will take at least a few weeks or more.
- High security: On the basis of modern technology and software, along with a professional operating process, it is possible to detect and warn customers about fraud in salary calculation, ensuring the security of salary for employees. customer.
- Worry-free: It can be affirmed that using an outsourced payroll service will help managers and business owners feel more secure. No headaches, no hassles and total time to focus on making your business profitable.