What is HR Payroll?

There’s a lot that goes behind running an organization! There are accounts, human resources, administration, and operations to name a few! Now imagine all these data-loaded, complex procedures merging to create what we know as Payroll. If you run a budding business, by now you must have a clear idea of what payroll stands for! To simplify, it’s the intricate process of managing and monitoring employee compensation and making sure they get paid on time. So where does the term HR Payroll fit in, if these two are completely different processes? Let us explain.

Thanks to the technological advancements today, the complex processes of HR and finance can now be clubbed into one excellent software. The HR Payroll software comes with incredible problem-solving features that can not only streamline the entire process but also make monitoring and record-keeping feel like a breeze! But how does it do that? Let us walk you through the method of processing payroll through payroll outsourcing software.

How Does Payroll Processing Work?

To understand the method involved in payroll processing, here’s what you need to know.

1. Automation is the future, regardless of the nature of your business. When you automate a process, you are minimizing paper people errors, reducing data clutter, resolving challenges, and automatically updating your process as per the latest industry standards.
   
2. Instead of manually managing hundreds of data crammed up in hundreds of excels, how about streamlining the whole process through a cloud-based spreadsheet, readily available at your beck and call? That is how a payroll software system works. You have all your important data ready in a data silo, with features like access control and monitoring. For instance, imagine a digital portal that lets your employees view their overtime expenses with access control preventing them from changing any data. Only the admin or the dedicated resource team is allowed to make changes.
   
3. Now comes the most important part of the payroll process- outsourcing! But isn’t outsourcing a dangerous and expensive affair? Not if you shake hands with the right experts in town! Outsourcing is the process of handing over your responsibilities to a group of industry professionals for an affordable sum of money. In most cases, professional payroll outsourcing companies understand the relevance of data confidentiality and offer iron-clad security backed by professional payroll processing services.

What Are The Steps Involved In Payroll Processing?

If you’re new to payroll processing, we have good news for you! You are about to be part of a booming industry that is expected to grow tremendously in the upcoming decade. Did you know the demand for payroll outsourcing is expected to rise at a 6.1% CAGR value by the year 2033? But before you become a part of something big, you need to understand the skeletal backbone of the industry! This brings us to the next section where we discuss the steps that a payroll outsourcing organization follows to make your payroll problem disappear.

Steps	Purpose
Employee onboarding	Thanks to automated updates, new employees joining the team or old employees leaving the organization can be easily accounted for.
Policy Making	Get all your policies, both new and existing aligned and incorporated under one roof without manually having to do so.
Integrating Employee Data	From overtime and leave calculations, to handling multi-tier and international employees, this software can seamlessly integrate all the data.
Validating Data & Information	Once the policies and employee data are updated in the system, verifying and validating the authenticity of the data either manually or through the software will feel like a breeze.
Calculating Payroll	Now with all the data authenticity verified, the payroll process can begin. The best part? Automated payroll processing doesn’t need in-house resources.
Disbursing Compensation	After the calculation is done and all errors are eliminated, the payroll system can disburse all compensation directly to the respective employee accounts.
Computing Taxes	Understanding taxes and calculating tax breakdowns is one of the toughest jobs out there. Thanks to payroll processing experts, companies can now do it easily without defaulting on their taxes.
Clearing Compliance	When all the data is retrieved, salaries are disbursed, and taxes are cleared, your automated system will look into compliance errors or setbacks and work on them to keep your system up-to-date with the latest rules and regulations.

As you can see, a payroll software process performs end-to-end services, covering the entire platform of employee and payroll management under one big umbrella. Sounds too good to be true? Don’t worry, we are here to tell you about some limitations that you may encounter if you sign up with the wrong outsourcing crowd!

Benefits And Limitations Of Using Payroll Processing Software

Advantages	Disadvantages
Your payroll processing will be time-efficient & automated	Automated processes can be challenging at first without proper usability training in place
Your business can enjoy enhanced employee satisfaction	You may have to shell out some expenses on software training and usage
With an automated outsourced payroll process, you can expect overall reduced payroll costs	If you don’t sign up with the right company, you may risk data theft or privacy issues
You can always expect your process to be at the top of compliance modifications	Your employees may not have a lot of time to adjust to the new compliance modifications

Just like two sides of a coin, it is important to understand that change can be difficult to incorporate. However, in the long run, turning to automation will be beneficial for your business. Here are what business forecasts predict about HR Payroll processing.

The Future Of HR Payroll

In today’s day and age, businesses hardly have the time to manually rectify errors, collate data, and handle multi-level operations. That’s why the world is turning towards automation where a simple process can resolve all these complex issues in one go! Additionally, a seamless process can also benefit your business in terms of productivity.

For instance, most employees today live a pay cheque to pay cheque kind of lifestyle. Delays or errors in payment processing may reduce their working morale. On the other hand, a company that’s on top of its salary disbursement schedule will always fetch happy, satisfied, and productive employees. In a nutshell, the future of HR Payroll lies in payroll process outsourcing, automated payroll software, and professional companies that excel at both of these jobs.

Main Source: This Post “What is HR Payroll?” appeared first on “CloudForce HR“

What is the payroll tax in Thailand?

The latest development in recruitment has brought quite a few modifications to how things used to be. We went from manually hunting down cream candidates to allowing smart digital algorithms find the best fit for our company. We automated our process and made the complicated, time taxing process of payroll smooth and easy with verified Payroll Software providers. One such Payroll leader operating from their base location in Bangkok, Thailand is CloudForceHR- a stunning, professional payroll service provider that allows entrepreneurs and SMEs to connect with the untapped talent pool that can help them empower and expand their ventures.

But, here’s an important question? Why Thailand? Because Thailand provides a premium ease in the process of recruitment and staff management where the best interest of both the employers and the employees are taken into account when they draft their payroll system. For instance,

1. Did you know, employer taxes are the lowest in Thailand? The average payroll tax in Thailand is somewhere between 5.20% to 6%. Additionally, the payroll or tax year starts from January 1^st every year and ends at December 31
2. Apart from the income tax, employers in Thailand can use advanced payroll systems to remit other payroll taxes such social security which is a mandatory parameter when it comes to employment in Thailand. The Social Security percentage is determined by the employee’s wage and the employer-employee contribution.
3. The base tax rate of 5% only applies to employees earning between THB 150,000 to THB 300,000. Employees earning lesser than THB 150,00 are exempted from the tax bracket.

As one of the leading payroll service providers working globally to help businesses establish their endeavor with the right operational processes in place, organizations like Cloudforce HR are known for their iron-clad payroll system that includes everything from taxing record keeping to salary disbursements, multi-tier compensation calculations, payroll regulation updates, and most importantly, payroll tax and compliance.

Main Source: This Post “What is the payroll tax in Thailand?” appeared first on “CloudForce HR“

Modern Payroll Outsourcing Meets Traditional Values

Payroll Processing is no bed of roses. From meticulous accuracy to timeliness, the term payroll is considered an umbrella term that houses multiple, intricate processes underneath it. This requires professional level efficiency to avoid paper people errors, deadline pressure, and more.

At CloudForce HR, our payroll outsourcing company believes in building foundations based on a strong tech backbone backed by traditional values that can transform into goodwill and trustworthiness- the two key pillars of a reliable payroll company. Maybe, that’s why we employ some of the latest tech advancements to your payroll system.

Today, we are going to list some of them for you to help you understand our working module better-

Electronic time card software

One of the prime benefits of signing up with a payroll company is that you can take advantage of their electronic time card software. This software helps you keep track of your employees’ work hours and pay rates. It can also help you calculate payroll taxes and other deductions.

Payslip software

A payroll software is more than just a calculator for your payroll processing. Automated payroll processes can not only calculate the details but also record the differences, break down the expenses, track down the pain areas, and anticipate market changes. In fact, incorporating an automated payroll software means never having to manually take care of your payroll ever again. From tax calculation to compliance update- your payroll software will be equipped to map all the modifications and implement them in your system.

Automatic wage slips, expenses slips and audits

If you’re considering outsourcing your payroll to our payroll company Thailand, one of the big benefits that you can reap is automation. This includes creating wage slips and expenses slips, as well as dealing with any audits that come up. This can take a lot of pressure off your HR team, and free them up to focus on other tasks.

Meeting Traditions

While there are many off-the-shelf solutions available, you may want to consider outsourcing your HR payroll to a professional company. Now when it comes to professionalism, CloudForce HR’s team of hand-picked payroll maestros will never disappoint. Our Thailand payroll service believes in matching expectations and that includes 100% transparency in everything we do. From information safety to employee confidentiality and security, we’ll help you create an all-inclusive payroll management system with the reins in your hand. Have any payroll related questions? Want to upgrade your outmoded payroll processing system? We are listening.

Main Source: This Post “Modern Payroll Outsourcing Meets Traditional Values” appeared first on “Scoopearth.com”

Make Your Payroll Pain-less!!

There’s no such thing as easy payroll maintenance. From security to accuracy, the entire gamut of payroll processing is not just lengthy but strenuous too. Can you imagine, 100+ employees, maintaining their confidentiality, handling their salary timeline, safekeeping their sensitive information- and that’s just one small part of what payroll really is all about! At a time like this, services for payroll outsourcing Bangkok can be a real helping hand to you.

Are You Facing These Payroll Problems?

Before we delve into the solutions, let’s just discuss payroll problems that companies usually face. To begin with, one of the major setbacks in payroll maintenance is the need to keep yourself updated with the latest rules, regulations, and compliance. Coming in second, is the need for advanced tech. Payroll processes require the utmost level of accuracy and efficiency backed by iron-clad security systems that can protect your personnel’s sensitive information. A run-off-the-mill payroll software will often fail to accomplish multiple aspects. Then comes the diversity challenges. Handling remote work, maintaining payment details, anticipating obstacles and more.

The Best Payroll Provider in Thailand

Payroll service providers can be defined as market experts with in-depth knowledge about payroll processing. These experts often act as third party payroll providers and are usually equipped with world class tech backbones to make the payroll process smoother and more accurate. CloudForce HR is a similar organization perfecting the process of payroll for all the companies who are currently struggling to make their process leaner.

Here’s How We Aim To Help

• We bring the best of advanced software solutions to personally man your payroll process.
• Our team of payroll experts include market leaders, legal leaders, and finance pros- who work hand in hand to make sure your payroll process is up-to-date, compliance ready, and financially accurate.
• We work with a transparent module which means all our services will be laid out and broken down for you so that you don’t end up paying hidden charges.
• Our round the clock work module ensures all your payroll activities are delivered right on time, every time!
• We care about your confidentiality and thus, employ industry accredited security systems to prevent fraud, phishing, or scrupulous data sharing to third parties.

If smooth payroll processing without burning a financial hole in your pocket is something you have in mind, this Thai payroll provider will be perfect for your business. Have some payroll related questions? Want to find out about our latest payroll management systems? Reach out to us today.

Main Source: This Post “Make Your Payroll Pain-less!!” appeared first on “Hammburg.com”

Here’s How To Secure Your Payroll Service

If you’re heading a firm or overseeing payroll operations of an organization, you must’ve come across the term ‘payroll fraud’. With up and coming third party companies claiming payroll proficiency, the outsourcing market for payroll has taken quite a hit when it comes to security. That being said, payroll, alone is a process that requires a lot of manpower, accuracy, and efficiency. Sometimes, payroll outsourcing Thailand is the only way out.

But, here comes the most important question. How can you keep your sensitive company data, employee accounts, and more safe and secure while outsourcing your payroll?

We can help. We have rounded up payroll security into 5 pointers for you.

Update Your Payroll Software

Why go for a modern software when the old one is working just fine, right? While you’re trying to save a few bucks, your old software system is failing to fight advanced hacking measures. That is probably why our Thai Payroll company believes in working with state-of-the-art software solutions to make sure your data stays protected- now and always.

Limit Your Payroll Access

Outsourcing payroll typically means handing over sensitive information to third parties and expecting nothing bad happens. But instead of blindly putting all your faith in them, why not restrict sensitive information and only allow limited access- for example to the few personnel who are personally manning your organization. This one power move can increase your data security significantly.

Fish Out Phishing Schemes

We are all aware of those suspicious workplace mails that asks employees for their personal information. One of the major payroll security setbacks reported the unawareness of employees against ‘phishing’ schemes like these. We recommend training or educating employees so that they can report these scrupulous activities the moment it crops up on the screen.

Prioritize Protection of Physical Data

You have been prioritizing online security so much, that you’ve forgotten all about the physical data present on your person. Don’t worry, you’re not alone. Most companies focus on online security, sidelining physical data theft. To tighten your payroll security, our payroll outsourcing firm recommends taking due measures to make sure your physical data- as in old records, files, CDs, desktops and more are secured properly.

Upgrade Your Disposal System

Securing your present data is not just enough. The trick is to create a 360-degree security and that includes ensuring disposal of your old, existing physical data is being done accurately. Backup your old data on a secured cloud if needed and clean out old storage cabinets and files carefully so that it doesn’t land up on the wrong hands.

Payroll Processing is a meticulous job, no doubt. Carrying out an entire process alone cant be quite difficult. However, with proper security measures in place and a sturdy protection protocol in lieu, you can outsource your payroll and keep it protected at the same time.

Main Source: This Post “Here’s How To Secure Your Payroll Service” appeared first on “CloudForce HR“

How to Choose Your Payroll Outsourcing Company?

Are you looking for a payroll outsourcing company that can take the hassle out of paying your employees? Would you rather struggle with compliance or have a crew of professionals handle it on your behalf? If you have outsourcing in mind, you’re in luck!

In this blog post, we’ll teach you how to choose the right company for payroll in thailand to best suit your company need. We’ll also share some tips on how to find a payroll outsourcing provider that works in sync with your needs while keeping your budget in mind.

Things to Remember:

Now when you’re searching for a payroll service provider, it is crucial for you to first understand the outsourcing industry in order to gauge the benefits of the services offered within your package.

For instance, some companies may need an outsourcing agent for compliance maintenance only while they tackle their day to day salary processing, tax calculation and more on their own. Before you reach out to a hr payroll outsourcing company, make a pain list of all the areas that require professional payroll outsourcing expertise so that you can make the best of their services without burning a financial hole in your pocket.

Few Things to Consider When Choosing a Payroll Outsourcing Company

– What services does the company offer?

Understand the company’s scope of services well before you shake hands with them. Ask yourself this- Do they offer direct deposit? Online access for employees? Payroll tax filing? Is there enough transparency? Are there services relevant to your business?

– How much does the company charge?

Get a few quotes from different companies and compare pricing. Make sure to factor in any additional fees, such as for set-up or monthly maintenance. Also ensure there are no hidden charges or costs by asking them for a thorough breakup of the cost structure.

-What is the company’s reputation?

Check out online reviews and talk to other businesses who have used the company’s services. You want to make sure you’re working with a reputable company that will provide good service.

– Is the company easy to work with?

Make sure the company you choose is easy to communicate with and responsive to your needs. You don’t want to be left in the dark when it comes to your payroll. Crystal clear clarity at all times is a mandate. To add on, also make sure the company understands your requirement well before you sign them on.

If you’re not sure where to begin your search for a good payroll service provider, let us help. Payroll services thailand offers a wide array of expert payroll outsourcing companies who can share the hefty responsibility of payroll with you and that too in a budget range you prefer.

Main Source: This Post “How to Choose Your Payroll Outsourcing Company?” appeared first on “Timebusinessnews.com”

Is Your Payroll Outsourcing Company The Right One For You?

When it comes to productive organizational solutions and smart thinking, many organizations believe a payroll outsourcing service is mandatory. After all, why dedicate resources and manpower and invest time and effort with an in-house team? You can simply unload the entire responsibility of payroll handling on industry experts who are fluent in smooth payroll management. But here’s the catch, not all payroll outsourcing services Thailand are made for your organization. So, how do you know whether your current payroll company is up to expectations or not? Before we delve into that, let’s talk payroll challenges first.

Process Power

Most companies who are handing over their payroll responsibilities to third-parties fear that they would lose control or power over their payroll process. Now in some cases, this can be true; but only if you’re working with the wrong provider. The right payroll outsourcing service provider will always operate with a transparent module that allows you full access to your payroll process as and when you need.

Cost Control

One of the primary reasons why organizations shift to payroll outsourcing is because of the rising costs of handling an in-house team. Usually outsourcing your payroll process should cost you lesser but if you’re not aware of the hidden costs, you may end up paying much more than originally planned. Our payroll outsourcing service Thailand promises unmatched services backed by utmost transparency.

Service Security

Entrusting confidential data in the hands of a third-party provider isn’t easy and we understand security concerns. However, understanding data privacy and security risks heavily depends on the provider’s awareness of infrastructure, security measures and more. At Cloudforce HR, we ensure each and every data supplied to us are secured by top-notch security systems.

Remote Ready

The recent global pandemic made us all realize how crucial having a remote payroll system in place is. We can all agree there was a certain level of unorganized panic during those trying times and that included having to deal with a remote payroll processing module. If you’re keen on handing your payroll process over, make sure your payroll company has a sturdy remote working module in place.

Here’s What You Should Be Looking Out for

• Make sure accuracy and efficiency is at the top of your priority list.
• Make sure your service provider is offering a customized package that fits both your requirement and your bill too.
• Make sure you do your share of homework such as reviews and ratings before shaking hands with your payroll company.
• Make sure your payroll service provider has ample knowledge of the industry you cater to.
• Always ensure transparency prevails in any sector- be it compensation or work load.
• Make sure your payroll service provider is well aware of the statutory changes, legal modifications, and more.

Finding the right service provider can help your organization make their payroll process not just efficient but effective too. If you’re new to payroll outsourcing, our organization for payroll outsourcing Thailand can help you with this shift.

Main Source: This Post “Is Your Payroll Outsourcing Company The Right One For You?” appeared first on “publicistpaper.com”

Explore New Technical Possibilities with Payroll Outsourcing

The entire gamut of payroll management is stressful; regardless of the size of your organization. If you imagine payroll to be an umbrella, there are hundreds of parameters and sub-levels that come under that umbrella. This makes payroll processing a humungous task for in-house payroll teams. This is probably why budding organizations are following the footprint of establishments and engaging in payroll outsourcing to third party experts like us, who frankly speaking, makes the job feel like a breeze! 

Putting the team expertise and up-skilling aside, when you shake hands with agencies for payroll Thailand, one of the most business competitive advantage that you reap is access to new, improved technology! 

Opening Up A Whole New World of Technology 

The payroll outsourcing industry is growing manifold as more and more companies are entrusting their payroll responsibilities on third-party experts. This has resulted in a huge technological shift. Agencies for payroll outsourcing Thailand has incorporated a robust technological working module to reduce paper people error and make intense payroll processes more smooth and efficient. 

How Can Payroll Outsourcing Organizations Help?

Efficient Outcomes

If you’re a growing organization, chances are that most of your payroll process still has room for improvement. On the other hand, if you’re an established organization, chances are that you are looking at a multi-strata payroll process with uncountable bylines to take care of. While manual labour for processes like these seem strenuous, a payroll outsourcing company can simply feed the data in their software process and the software itself will bifurcate, dissect, and organize your payroll process for you.

Reduced Timeline

Having an in-house payroll management team means having to dedicate manpower, effort, energy, and valuable company time in the process which may lead to problems like missing data, late salary deliveries, errors in data keeping and so on. Our payroll outsourcing team in Thailand has been working with industry experts and an iron-clad software system to ensure everything stays on time, always. 

Easy Record Keeping

A payroll management software comes with multiple features such as on-time record keeping, bookkeeping, data storage and more so that we can give you an easy access to all your payroll parameters as and when you need them. Another best part about working with a payroll outsourcing software is the fact that we are always compliance ready! 

Employee Benefit

From employee attendance to calculating overtime costs, a payroll processing software can help not just you but your employee too. Imagine on-time salaries, access to payroll breakdowns, and more all under one roof for both you and your employee to have a transparent understanding. And as well know, a happy employee equals to a happy company. 

If you want to smooth out your payroll process and create a robust work environment for you and your employees, bring your payroll problems to CloudforceHR today.

Main Source: “Explore New Technical Possibilities with Payroll Outsourcing” appeared first on “Newshunt360”

HR Challenges To Look Out For In 2022

We are almost reaching mid-way to 2022 and by now organizations across the world have identified some new challenges that this year has brought with it. If you as an organization too have faced certain challenges let our HR Consulting Service help you identify some problem areas and how to overcome them.

The Need for Speed

Businesses have been fluctuating off-late; especially with the pandemic and the new work routines. Work flow has been stipulated, employees have been feeling drained, and the back to work routine is taking some time to get used to. During such trying times, companies are looking for productivity to compensate for the time lost and this means fast work and fast results. In case you find yourself confused and out of guidance, let our HR Consulting Service in Thailand help you get a clearer picture.

The Need for Employee Management

Happy employees make a happy organization. Employee contentment is crucial to drive productivity and that brings us to employee management. Now when we say management, we are not just talking on-time salaries and health insurances. We are talking about employee management on a macro level which includes attrition, employee welfare benefits, work environment, safety and security, engagement and more. If you want a progressive work environment with productive employees, our HR Consulting Services have some really good insights we can’t wait to share with you.

The Need for Efficiency

I’m sure we all believe in an efficiently effective work model where the investments incurred would be lesser than the ROIs. Now for that to happen, organizations need to keep their work module updated to the latest market standards so that they can create a footprint without hollowing out their pockets. One of the most efficient way to do so is to update your technology backbone and your employee expertise. If you want more insights on how to upgrade your personnel, we can help you with that too.

Human Resources is a vast umbrella that houses the skeleton of an organization. An additional source of expert guidance from HR Consulting professionals can help your organization go a long way.

Main Source: This Post “HR Challenges To Look Out For In 2022” appeared first on “CloudForce HR“

Watch Out For These Common Mistakes While Processing Your Payroll

We know payroll processing is no cakewalk. There are a lot of planning, execution and implementation of statutory guidelines that go into processing an organization’s payroll. And no matter what they say; even budding or mid-sized companies these days are facing the struggle! This brings us to one simple question- how can we make the entire ballgame we call payroll more efficient yet effortless?

To begin with, we recommend outsourcing payroll services that can eliminate some of the most common payroll processing mistakes that organizations today make! Want to know what they are? Here goes-

Discussing Groundwork

Planning and creating a blueprint for your payroll process accounts for up to 50% of the entire process, something that companies spend limited resource and time on. Even when companies do plan their payroll it often lacks the depth and precision needed to get a crystal clear picture.  On the other hand, our Payroll Outsourcing service in Bangkok takes out the time to create an in-depth insight alongside a detailed checklist of all the parameters so that you can have everything laid in front of you during the actual hours.

Implementing The Plan

Without a sound plan in place, an organization may often find itself grappling to meet deadlines or adhere to laws and changes. The key our outsourcing team follows is to religiously follow the plan. Starting out with the basics ensures your payroll process is covering all bases without spending additional resources, time, and manpower.

Accelerating The Audit

Why stick to paper people errors and time-consuming audit methods when you can work smart and get more benefits from your payroll processing. Imagine your internal team doing the checking and then an external team with a completely different mind frame verifying your accuracy, adherence to law, employee management records, etc. This shift alone increases your chances of audit errors. On the other hand, payroll outsourcing services in Thailand like ours work with our very own team of auditors and experts to make sure you and we are on the same page.

Keeping these mistakes in mind, now tally internal payroll processing with outsourcing your payroll. From advanced technology to manpower, trained specifically to handle your payroll- a payroll outsourcing service can be your answer to efficient and effortless payroll processing.

Main Source: This Post “Watch Out For These Common Mistakes While Processing Your Payroll” appeared first on “CloudForce HR“