Managing a company is a complex business that requires many areas of expertise. There are many aspects to any company, ranging from product development, marketing strategies and the impression it makes on the consumer. Then there are the micro aspects – handling human resources, accounting and finance – all essentials to develop a strong corporation.
For decades everything was conducted in house, even if it incurred a greater cost. However since the internet has been introduced into our lives, particularly how we conduct business, the playing field has changed. Now more and more aspects of business expertise can be outsourced and many corporation are opting for this service.
Outsourced Payroll Solutions takes the idea of outsourcing one step further. A recent research found that companies spend an average of USD 2,700 per month on direct labor costs associated with payroll. This did not include technological costs of hosting, hardware and software licensing fees. Outsourcing payroll management reduced the cost by 35%.
Outsourced Payroll Solutions
Outsourced Payroll Solutions is based in the UAE and provides company payroll solutions in Dubai, Oman, Qatar and Bahrain, to name a few. Outsourcing has redefined HR and how it functions in a corporation. The Middle East has its unique business environment; free zones for expatriates, statutory compliances and regulations, and increasing complexities of banking in an emerging market.
In this diverse business environment many companies are focusing their resources on their strengths and opt for outsourcing support functions. Outsourced Payroll Solutions is a bespoke service that offers precision payroll at all times. OPS takes single or multiple, cross-country payroll processes and brings them onto a single platform. It integrates payroll and eliminates the manual processing, thus reducing the cost of payroll management.
Many companies are choosing OPS because they offer:
- Reduced Costs
- Risk Management
- Disbursement Options
- Time Saving
- ESS and HR Services
- Business Intelligence
- Cutting Edge Technology
- Leverage Payroll Expertise
Changing the Face of HR
Outsourcing HR makes sense as a company dedicated to HR management services will be able to provide higher levels of HR and legislative functions. Outsourcing Payroll Solutions streamlines clients’ general ledgers with accounting and clocking systems to configure with company policy. It also takes over core functions such as payroll calculations, final settlements, data management, leave, time, travel, claims, attendance, time sheets, etc.
Outsourcing Payroll Solutions is ISO certified, meets multiple jurisdictions in the Middle East and is a member of the Dubai Quality Group. It is also in statutory compliance with income tax, GOSI, PASI, social security, employee and employer contributions and other local requirements of the UAE.
Outsourcing Payroll Solutions takes its clients HR and payroll needs seriously. There are dedicated account managers that provide a single point of contact for all your payroll questions, or queries. Their account managers and service providers are experienced professionals who offer prompt and effective responses to client needs.
OPS also takes client confidentiality and client security very seriously. Hacking and information sensitivity are not taken lightly. OPS has smarter disaster recovery, safe access control and advanced encryption standard security. All services are visible online, promoting transparency and accessibility to the client.
Outsourcing Payroll Solutions is the future of HR and proves that corporations can function more cost effectively.
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