Does your business need to outsource payroll service in Thailand? Well, this could be a wise decision to ensure that your employees receive on-time payment and your business is meeting the legal obligations. Apart from these, there are other advantages of outsourcing payroll management services. Here’re some of them;
- Eliminate In-house Payroll Department: In case you are thinking of cost cutting or you believe that your business cannot presently afford an in-house payroll department, outsourcing could be a better option.
- Cost Reduced: Since payroll management services in Thailand are quite affordable, you can save money there and invest it for the betterment of your business, which might not have been possible if you have hired a payroll manager, separately.
- Work in Compliance with Government Regulations: It understandable how difficult can it be for you to have complete knowledge of the legal nitty-gritty involved in payroll management. A professional is expected to know the Government regulations and work accordingly.
- More Focus on the Business: Having shouldered payroll management responsibilities, you will be able to invest the majority of your time in business, focussing on the areas that need most of your attention.
However, when you are considering to outsource your payroll management services you must know what are the services, they are likely to render. They should largely cater to these;
- Monthly payroll calculation, including the Pension Fund
- Preparation of documents for bank auto-payments
- Preparation of monthly pay slips
- Work in compliance with the Employment Ordinance
- Filing Employers’ Returns to the Revenue Department in Thailand
As for the fees that depend largely on the charges for data entry for each member, filing payroll data, and the payroll run. You can ask a quotation from the payroll management company in that case. Just that make sure the company has sufficient experience and experts to handle your business’ payroll system.
