Payroll Processing Singapore Costs Reduced | Payroll Software Singapore | QuickHR
Payroll Processing

QuickHR Solution to effectively reduce payroll processing costs

Posted on 29 Oct 2018 in Business by QuickHR with 0 Comments


THE ROLE OF HR: Full access on end-to-end payroll services and reduce payroll processing costs

Payroll is an important component of any HR function. It deals with employee benefits, payouts, tax filing and much more. With so much administrative tasks related to it, many companies (particularly SMEs and start-ups) prefer to outsource payroll management to third party providers.

Collaboration and partnership with a good payroll provider is beneficial. Payroll providers enable companies to have full access on end-to-end payroll services, hardcopy of pay slips, real time payroll report generation and much more. All these services ultimately equate to convenience – for immediate access to accurate reports, hassle-free payroll management and more productive use of time.

With convenience comes payroll processing costs. The costs vary depending on the extent of payroll management/involvement required. With many payroll providers available, they offer good rates. However, their price may still be considered too steep especially for small businesses and start-ups.

Payroll processing: Costs and service inclusions

What and how are payroll providers charging their clients?

Payroll providers charge depending on the following:

  • Total number of employees in the payroll
  • Frequency of employees’ payout
  • Tracking of hours rendered and corresponding rate
  • Distribution of pay slips
  • Computation of Overtime
  • Leave management system
  • In-depth and thorough monthly payroll reporting
  • Ad hoc required payroll services
Payroll processing

Payroll providers usually offer different packages for businesses to choose from. It can range from basic to extensive coverage.

Average payroll processing costs per employee for basic package is usually between SGD70 and SGD75 for minimum of 5 employees. Special additional services such as Leave Management and claims processing may cost around $3 each per head extra.

Reduction of payroll processing costs :

A possibility what can be done to significantly reduce processing cost?

Simply put, a cloud-based HR Solutions software takes the job of payroll providers. Every required information is stored online. The software provides easy access to accurate reports anytime, anywhere.

The software also provides an impressive and enhanced user interface. All users are treated with utmost comfort and convenience because of its design and layout. All functions are easy to find and functions easy to understand and use.

The cloud-based software significantly reduces payroll processing costs while providing a good user interface. The software ultimately becomes every company’s tool to achieve cost-efficiency through simple usability and excellent design.

QuickHR: Our cloud-based software reduces payroll processing costs with the best user interface

Partner with Singapore’s leading provider of cloud-based HR Solution

QuickHR is proud to be Singapore’s leading Cloud-based HR Solution. Even better, our company aims to provide our most technologically advanced solution in a user-friendly, cost-efficient and lightning-speed way.

Our cloud-based "QuickPayroll" can be done with just three clicks – Generate, Preview and Submit. It comes equipped with CPF calculator and auto SDL deductions. Everything is designed to make running payroll software hassle-free and easy.

All these functions are strategically laid out for easy navigation. This enables any user to easily explore all functions without taking too much time spent on learning. Even the most basic of users adjust easily and become expert users in no time.

Its vibrant web design also completes the entire user experience. The use of colors, animations, and text are geared encourages playfulness and positivity. All these factors subliminally make any user stay longer and explore more.

payroll processing costs

QuickHR offers packages ranging from Basic to Essential which is cost-effective and less expensive compared to payroll providers. Please call QuickHR at +65 69088158 or email at sales@quickhr.co for more details.


OTHER ARTICLES

Positive Stress Management for your Employees
The Best System For All Your COVID-19 Concerns: QuickHR Thermal Biometric Device
Applicant-Tracking-System
QuickHR Modernised Artificial Intelligence On Applicant-Tracking-System11
Timesheet Module
Timesheet Module
System Enhancements
QuickHR – System Enhancements That We Only Have
Challenges and Solutions
Challenges and Solutions to an intricate and complicated HR function
Employee Earnings
Guidelines in Filing Employee Earnings (IR8A) on 1st March
Qualify For Wage Subsidy
Deadline To Qualify For Wage Subsidy Is On 14th January 2019
Cloud-Based HR System
Three Major Advantages Of Switching To a Cloud-Based HR System
Compound And Complex
Compound And Complex HR Issues Solved By Switching To A Cloud-Based HR System
Better Opportunities
MOM Continues To Offer The Labor Force With Better Opportunities
Cleaning Industry
TCC's Latest Ruling Prevents The Existence Of "Divers" In The Cleaning Industry
Security Officers
STC: Security Officers Enjoy Improvement On Promotion Eligibility Beginning Next Year
Cleaners Sector Workers
Cleaners Sector Workers Rewarded For Their Loyalty And Tenure Beginning 2020
Human Resources And Cloud-Based HR Technology
Human Resources And Cloud-Based HR Technology: Formidable Forces To Bring Forth Groundbreaking Work Developments
Performance Appraisal
Performance Appraisal: A Highly Mobile HR Process That Needs To Always Keep Up With The Times
Open Communication
"Speak Your Voice!"Employees Turn Productive Through Open Communication.
Employee Feedback
Employee Feedback Portal involves the entire workforce in business improvement.
Payroll outsourcing
Cloud-based best alternative to payroll outsourcing in singapore.
Reduce payroll processing costs
QuickHR, Solution to effectively reduce payroll processing costs
Optimizing Every Second with HR Automation
Optimizing Every Second with HR Automation
The Evolution of HR
The Evolution of HR: Then and Now
Singapore Clinch
Singapore Clinch Spot as Top Country to Launch Cyberattacks
Onboarding
Onboarding: This Is Why You Should Do It Well
SMEs
Why SMEs Should Support Older Workers in Singapore
Blockchain Is Disrupting Human Resource
This Is How Blockchain Is Disrupting Human Resource
Making Informed Decisions with Timesheets
Making Informed Decisions with Timesheets
7 Ways to Find The Best HR Solution in Singapore: Part 2
7 Ways to Find The Best HR Solution in Singapore: Part 2
7 Ways to Find The Best HR Solution in Singapore: Part 1
7 Ways to Find The Best HR Solution in Singapore: Part 1
Embracing Tech, One Woman at a Time
Embracing Tech, One Woman at a Time
Why Business Should Adopt Encryption Technologies
Why Business Should Adopt Encryption Technologies
Choosing A HR Software for Small Businesses
Choosing A HR Software for Small Businesses