If you are looking to outsource your company’s payroll processing, Align Group is here for you.
The BIG Transformation Towards Payroll Outsourcing
Payroll is the one duty that does not add growth value to your company if done right, but if done wrongly or unintentional non-compliance occurs, your company can face serious backlash with your employee’s morale and complications with Singapore’s Employment Act.
Here are 4 reasons why SMEs are making this transformation with Align Group:
Cost Saving
SMEs can receive up to 80% funding under the Productivity Services Grant when they sign up with Align Group! That’s an investment much cheaper than having your own in-house HR doing the work. On average, employees in an SME environment takes up to 5 hours doing payroll per payroll period. We free up your employee’s time so that they can focus on work that adds value to the business instead.
Salary Data Confidentiality
Employees working on payroll matters often have access to view everyone’s salary data, including the management team. Even if your employee does not verbally mention it, he or she may feel unfair over how certain pay-outs are decided by the management team. In the worst-case scenario, your in-house payroll personnel may share about how much another colleague is making which can cause extreme drama and diminish employee’s trust in the management’s leadership.
Compliance
Just because SME owners may not be aware of every nitty-gritty Employment Act detail, it does not mean that they are no longer legally responsible for any cases of misinterpreting Singapore’s tax and employment regulations. The law still comes after all non-complying company and they may be charged with fines, hiring freeze on foreign workers and more!
Security
Even with long time trusted employees, there is always a risk of identity theft or tampering with company files for personal gain. The situation tends to be more complicated if the employee is leaving on a bad note. Do you have the time to closely supervise your payroll for unethical activities?
How We Help
We make payroll servicing simple through outsourcing, delivering on your payroll needs with a dedicated team. Our complete payroll processing service includes the following:
Your Payroll Outsourcing Partner
Align Group is Singapore’s home-grown trusted HR Payroll Outsourcing and Business Partner to growing enterprises. We transform traditional HR that focuses primarily on the administration to one that impacts the purpose, people, and profits of companies. We were featured by Straits Times as the Fastest Growing Company in Singapore for 2020 and 2021.
We have been providing HR and payroll services since 2015 and is a pre-approved PSG vendor and an appointed-pre-approved HR Shared Service Provider under SPRING Singapore (now known as Enterprise Singapore).
Secure Your Gift!
As readers of SINGAPORE’S FINEST, Align Group has prepared a special promo for all who wants to take the next step forward with us. Get your compliance checked with a year worth of advisory on employment practices and HR-related government grants – Completely Free.
You can book an appointment with us anytime and let us know you read about us through SINGAPORE’S FINEST:
Website: https://aligngroup.asia
Email : service@aligngroup.asia
Phone: (+65) 6222 5224
