Payroll – The Most Important Part In HR
The most important part of Human Resources isn’t talent management or talent acquisition.
The most important part of Human Resources is your payroll department.
It doesn’t matter if you hire for culture or competency. And nobody cares about your learning management systems or your diversity and inclusion programs.
Every small business owner performs more than one role for his company.
One of the most important tasks in running a small business is completing payroll.
Employees need to be able to rely on being paid on a consistent basis without delays.
Payroll affects every aspect of a small business from the morale of employees to the financial stability of the company.
- Do you pay people on time?
- Do you have an accurate time and attendance solution that is integrated into your payroll process?
- Are taxes and miscellaneous deductions handled properly?
- When there are errors, can you fix it quickly?
Lots of people belittle the administrative nature of Human Resources; however, the flawless delivery of personnel-related services is noble.
It’s important. And it is what sets you free to do other cool stuff.
You can’t be trusted with complex issues like engagement and culture if you can’t get the paychecks right.
Another HR secret for you: the operational and administrative aspects of Human Resources have a bigger impact on the balance sheet than your wellness program and employer branding initiative.
You won’t be a credible company who can attract and retain talented people if you can’t pay them.
Corporate BackOffice also provides full suite of Payroll & HR Admin services – ie, Drafting Contract of Service with Key Employment Terms ( KETs ), Employment Pass and Work Permit Application, Payroll Computations, Payroll Disbursement, Itemized Pay-slips, CPF Submission, and year end Employee Remuneration Reporting to IRAS.
Corporate BackOffice offers a one-off free Payroll Health-Check without commitment.
If you need help, feel free to contact us at :
(O) +65 63851011
(M) +65 90880669
