Cost Savings: It Is cheaper then to employ a full time staff.
Staff turnover issue: This is the biggest challenge, as staff turnover will create handover issue, by outsource payroll function, the payroll company will handle this issue.
Save costs on buying payroll software and the yearly software maintenance fee.
Keep track on changes in regulation: CPF Board and Ministry of manpower, often update rules and regulation, payroll company will handle this issue, business owner need not worry that company do not compliance with the latest rules and regulations.
Payroll company can increase productivity: Payroll normally is handled by business owner, due to the sensitivity of the information, by outsourcing payroll function, the confidentially of the data remain intact and the business owners have more time for business operation.
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