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Why do employees come to work every day? Of course, there is the love of the job, but the primary reason is to earn an income. Payroll processing plays a critical role in ensuring that employees receive their paychecks on time and accurately, which makes for a happy and satisfied workforce.
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Why do employees come to work every day? Of course, there is the love of the job, but the primary reason is to earn an income. Payroll processing plays a critical role in ensuring that employees receive their paychecks on time and accurately, which makes for a happy and satisfied workforce.
Outsourcing payroll services is an increasingly popular option for companies seeking maximum efficiency and value. With cloud-based accounting and payroll platforms readily available, payroll processors can work from anywhere in the world, making it exceptionally well-suited to offshoring. All you need is a payroll processor with general qualifications, cloud-based software, and brief training on your unique business requirements, and you're good to go.
A payroll processor is responsible for collecting time data and payroll information, reviewing and updating payroll forms and reports, processing payroll distribution and direct deposit, reconciling payroll deductions, and maintaining employee confidence by keeping information confidential.
The Philippines is a thriving hub for finance process outsourcing, with over 203,000 graduates of business and finance-related courses each year, making it an excellent source of qualified candidates to manage your payroll system.
All MicroSourcing payroll processors are university graduates with proficient English language skills. They are typically graduates of Business Administration, Banking and Finance, or Human Resources Management. Experience varies, ranging from junior-level with less than a year of relevant payroll experience, to intermediate-level with 1-3 years of experience, and senior-level with 3+ years of experience.
Regardless of the payroll system you are using, all qualified payroll processors are familiar with standard systems and can easily adapt to any system with proper training. Common payroll systems used by BPO and multinational companies include ADP, QuickBooks, SAP, Sage, MYOB, and Xero.
It typically takes 4-5 weeks to recruit and set up payroll services in the Philippines, with more experience requiring more time. Keep in mind that local payroll processors may have different English communication skills than customer service representatives. A payroll processor is an individual contributor who reports to a payroll or office manager, and they tend to have experience in one payroll system, but can easily adapt to any other system with brief training. Some companies hire fresh graduates of finance, business, or HR-related courses and train them to use their payroll system.