Payroll administration encompasses all the tasks involved in paying an organization’s employees. It typically involves keeping track of hours worked and ensuring that employees receive the appropriate amount of pay. It also includes calculating taxes and Social Security, as well as ensuring that they are properly withheld and processed. Depending on the company in question, a full range of other deductions may be calculated, withheld, and processed as part of this process. Additionally, the processing of contractor payments may fall under the same umbrella.
When it comes to payroll administration, organizations are faced with complicated regulations. You are required to do much more than just maintain a payroll administration system. There are many reasons for this, including changes in social security legislation, options concerning subsidies and employment law. Added to this are changes in tax law, training schemes and collective pay agreements. A carefully thought-out payroll administration system makes for streamlined and efficient management. Our payroll System and Consultants will help you out, translating wishes and requirements into your routine practice and providing solutions before problems arise.
We can also take payroll administration off your hands. Our salary administration consultants can take care of the standard processing of monthly salaries for your employees. However, there’s much more that we can do for you. Our consultants can advise and assist you with wage taxes, social security issues, employee benefits, wage subsidies, remuneration policy, salary surveys, and job evaluations using some of the most current models such as HAY Job evaluation system.