Businesses prefer to avoid payroll challenges. They outsource the task to firms specialising in payroll services in Singapore https://www.sbsgroup.com.sg/singapore-payroll-services/

2. Responsibility
Businesses process their payroll
uniquely to calculate and pay
accurate salaries and tax amounts
for their employees.

3. : Changes in Laws
They must ensure to work on
accurate and latest data
compliant with labour and tax
laws.
However, frequent changes in
these rules create payroll
challenges and make the task
complicated and time-consuming.
CHALLENGE 1

4. Businesses take employee Businesses
take employee attendance using card
swipes, punch in/out, and even
manually signed registers.
CHALLENGE 2 : Time and Attendance Sheet
The data is then duplicated and
shared among concerned
departments. Typos can introduce
errors in the data. Verification of
data takes time and effort.

5. : Documentation
for Remote Team
Today, businesses use remote
teams for projects. Using traditional
payroll and HR methods for these
teams is not possible.
Documentation for on/off-boarding
of employees, leave, and
compensation management is
problematic.
CHALLENGE 3

6. Business' financial, payroll, and
employee data need to be
protected. Computer viruses,
ransomware, and malware pose a
threat to its security.
CHALLENGE 4 : Data Security
They must invest in the latest
firewall, antivirus, and malware
tools.

7. : Changes in Payroll Policies
In addition to changes in the laws,
a payroll executive has to keep an
eye on the changes in the
company policies.
They have to track and
accommodate these changes in
payroll processing to get it right.
CHALLENGE 5

8. Threats
Manual payroll is tiresome
and can lead to inaccurate
salaries and tax amounts.
It can sour your relationship
with the employees and IRAS.
Payroll processing can take
your focus off the core goals
of the business.

9. : Outsource Your Payroll
Businesses prefer to avoid payroll
challenges. They outsource the
task to firms specialising in payroll
services in Singapore.
These firm use the latest payroll
software and automates task.
SOLUTIONS
They also use employee policies
and the latest software to protect
their clients' data.

10. Employee on/off-boarding
Employee attendance
Training
Payroll services in Singapore employ a team of experts that take
care of the following:
Performance apprisals
Leave applications
Other payroll tasks

11. The providers of payroll services in
Singapore save you time and effort. They
reduce your stress levels and enable you
to focus on growing your business. Yes,
they cost. However, it is highly affordable
compared to what you pay to maintain
an in-house payroll setup.

12. CONTACT US
www.sbsgroup.com.sg
info@sbsgroup.com.sg
+65-6536 0036