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What is a payroll processor?
A payroll processor is a professional responsible for processing an organisation's payroll. They ensure that all payroll transactions are processed accurately and efficiently. Payroll processing duties include validating employee work hours, calculating wages, handling payroll queries, maintaining payroll operations and interpreting enterprise agreements and awards.
For businesses looking to streamline their payroll operations and free up internal resources, payroll outsourcing services can be a cost-effective solution. These services may include fully managed payroll services, payroll processing outsourcing and payroll outsourcing solutions provided by outsourced payroll providers.
In some cases, businesses may choose to outsource their payroll to specialised payroll outsourcing companies in locations such as the Philippines. By outsourcing the payroll process, businesses can focus on value-added tasks and revenue generation while leaving the repetitive and detail-oriented payroll processing tasks to the experts.
Benefits of outsourcing payroll processing
Organisations are able to appreciate the added benefits that come from offshoring payroll processing tasks to the Philippines through payroll outsourcing services, including:
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Reduced cost
Payroll outsourcing to the Philippines can significantly reduce the cost of processing payroll for your business. Employment costs in the Philippines are up to 70% lower, making it a cost-effective solution.
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Expert support
Outsourced payroll providers are experts in payroll processing and can offer valuable insights and advice to help your business get the best results from outsourcing. They can provide fully managed payroll services and support you throughout the outsourcing journey.
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Improve business flexibility and availability
Payroll outsourcing solutions can help your business become more flexible and available, with 24/7 payroll processing services available.
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Business growth
Outsourced payroll processing can free up funds that can be invested back into the growth of your business. With the support of an offshore payroll specialist, your business can take on more work and increase its capacity for growth.
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Improved staff satisfaction rates
Outsourcing the payroll process to an offshore payroll processor can help you identify which tasks are best suited for outsourcing, allowing your local team to focus on their strengths and improve job satisfaction in the long run.
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What are the costs associated with hiring an offshore payroll processor?
Outsourcing your payroll processing needs to the Philippines through Beepo’s fully managed payroll services can save your business up to 70% on costs. Our payroll outsourcing solution offers a comprehensive, simple monthly fee that covers all necessary aspects of payroll processing, including infrastructure, security, management, recruitment, training and staff benefits.
For more detailed information on costs, please arrange a business consultation so we can tailor a solution to your specific payroll outsourcing business needs.
How does hiring an outsourced payroll processor work?
This first step is to find out if your business is offshore ready. If the answer is yes, here are the next steps:
- Create a job description: to help us hire the right candidate for your role. We can also assist in this process to ensure we are finding the best talent in the current local market.
- Source the right candidate: we source candidates across our database and the local market before presenting you with a shortlist of the most suitable candidates available.
- Screen and interview: you screen, interview and select the candidate(s) you’d like to hire while we take care of the infrastructure set up to get them ready to work for your business. It’s usually around six to eight weeks to get your offshore staff up and running.
- Onboard and train: your business, along with the operational assistance of our offshore management team, organise new staff onboarding and training, including the use of your systems, any relevant processes and workflows they may need and an overview of your company values and culture. This will help your new team member fit seamlessly into your organisation and assist in effective change management with your existing onshore team members.
The Beepo advantage
Beepo is an Australian-based outsourcing company that offers businesses a distinct competitive edge with offshore staffing solutions. We take the time to understand the hardships our clients face when it comes to recruiting hard working, dedicated staff. The Philippines is renowned for its accounting talent and payroll skills, and we are adept at finding and recruiting the best of the best in terms of payroll processors.