Webster Buchanan Research published recently an independent report based on interviews with senior international payroll managers, assessing the approaches multinational companies take to solve some of the regional issues they face, while looking to implement a standard, centralized multi-country payroll model across company.
The highlighted issues range from language and culture to compliance, making payments and managing vendors and systems and were grouped according to different stages of the payroll cycle, revealing some common concerns around:
HR administration HR records management HR/payroll interface Disbursements Reporting (pay slips) Employee service
Faced with such challenges, the interviewees claim to have taken a variety of approaches …
According to a recent research published by the Chartered Institute of Payroll Professionals (CIPP) a quarter (26.3%) of employees do not understand everything that is written on their payslip.
The research findings also reveal that a considerable number of employees never look at their payslip (4.2%) and only around one in six (14%) admit that they only occasionally look at their payslip when they get paid.
Reviewing your payslip each time you get paid is of major importance since if there are any questions or concerns they can be immediately addressed by the payroll department …
If you are interested in Payroll and HR Outsourcing Services and you have many unanswered questions we recommend you to read our eBook!
This eBook will help you improve your knowledge and understanding of the:
- Purposes for moving your business processes to an external provider;
- Pros and cons of Payroll and HR Outsourcing services;
- How to choose the right outsourcing partner;
- Step by step service implementation;
There are several reasons why a company may find payroll outsourcing as being their first option.
Some of those reasons are to reduce the costs associated with payroll processing, to save time, to reduce penalties or to improve the overall effectiveness of their business and promote organisational growth.
Even small sized companies find benefit from outsourcing their payroll as for example they don’t have to invest in technicall resources, mandatory for correct payroll processing. Now, payroll plans are tailored to best fit businesses of different sizes.
One of the key aspect to have in mind when outsourcing …
2011 Business Reforms
Poland eased property registration by computerizing its land registry.
Hungary implemented a time limit for the issuance of building permits. Hungary reduced the property registration fee by 6% of the property value. Hungary simplified taxes and tax bases.
Amendments to Hungary’s bankruptcy law encourage insolvent companies to consider reaching agreements with creditors out of court so as to avoid bankruptcy.
The Czech Republic simplified its labor tax processes and reduced employer contribution rates for social security.
The Czech …