![]() ![]() This will efficiently help reduce the work of the HR department in client companies. Also, ManpowerGroup will be in charge of collaborating and communicating with all stakeholders as required by the law and company policies. ManpowerGroup will take care of all the processes, including making payment as the “employer” on behalf of the client company.ġ.2 Payroll Outsourcing only includes the tax and other expenses calculation service, but the client company will directly make payment to its employees.īoth services offer salary calculation, ranging from OT rate, taxes, social security deduction, to investments in funds (see full details in Item 3). ManpowerGroup offers two types of services:ġ.1 Payroll Service, which is generally preferred by our clients, is the one-stop service for payroll management. Moreover, to protect the company’s and employee’s best interests, the service can be adapted to suit each company’s payment policies, rules and regulations for all job types.įAQ 1. Recognizing these difficulties, companies can seek Payroll Service or Payroll Outsourcing to help increase efficiency of the HR department by reducing the burden of salary and tax calculation so that the HR team can focus more on other important elements namely the human resource development strategies, and other urgent tasks. With over 20 years of experience in HR solutions in Thailand, ManpowerGroup thoroughly understands the complications and sensitivity of payroll issues, and that it requires investment in both time and personnels to complete it. Payroll Service/Outsourcing: Vital Choice to Increase Business Agility Therefore, Payroll Service and Payroll Outsourcing are the instant solutions that many organizations prefer. In case of miscalculation and other mistakes, companies must bear the negative consequences that may follow, which might severely affect both the company and its employees. Usually, the payroll or salary calculation is completed through general calculation programs, which have a high risk of miscalculation and mistakes in payment details. However, carrying out a payroll process can be extremely complex, as each employee has different conditions and agreement details, such as income type, over time (OT) rate, commission rate, tax calculation, social security requirements, and other expenses or deductions. Generally, the payroll process involves and falls under the responsibility of two departments: the Human Resource (HR), and Finance. ![]() This metric is easily comparable within industries and geographies, and should also be tracked over time to understand trends in workforce productivity, such as the impact of training, or staffing changes.ĭirectionally, you want the Payroll To Profit Ratio to decrease, which means your ability to utilize your workforce to generate Revenue is more efficient.Salary is one of the most confidential information in every organization that cannot be revealed to any employees. ![]() You can also use this data as a planning tool to forecast salaries for the upcoming year. ![]() By tracking this data regularly, you gain insight into how effectively you generate revenue. Use Payroll to Revenue Ratio to determine the return on salary paid to your employees. As with any other expense, it is helpful to know the return on investment. Payroll expenses are your investment in the success of your company through its employees. Your full-time employees and contractors are the driving force bringing your mission and vision to life. Did you know that most companies state payroll as their biggest cost? Payroll expenses can amount to over 70% of total operating expenses. ![]()
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