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Why do Companies Outsource their Payroll ?

Most corporate officials and small business owners remain busy with their day to day core business activities. They cannot afford to give due attention to non-core business processes like: payroll processing, tax filing, human resource record management, recruitment of human resources and other back office jobs. Outsourcing of these functions offers them more control over their most valuable resource, time. Time to explore new revenue streams, time to accelerate other projects and time to focus on their customers. On the other hand, for third-party payroll processing companies, that is all they do. They are experts at handling employee payroll issues and their services can often provide an entrepreneur with peace of mind knowing that their business's payroll is being handled by a professional.

What is the Benefits of Payroll Outsourcing ?

The benefits of outsourcing payroll include:
  • Confidential maintenance of salaries
  • Free up executive's time
  • Reduced operating overhead and cost
  • Improved efficiency in payroll management
  • Access to specialized skills
  • Reduced manpower and training costs
  • Better and faster service
  • Attract & Retain Talented Employees
  • Avoid Tax Penalties
  • Reduce Risk & Liability
  • Ability to focus better on core business activities
  • Off-site back-up of data
  • Variable cost structure

What we offer ?

ConNet Bangladesh Ltd. (CBL) provides a wide range of payroll solutions to all types of businesses. Our personal yet completely professional services are cost-effective and increases productivity and operational efficiency of our clients payroll processes. We integrate our team of payroll professionals with clients in offering highly reliable and accurate solutions. Our service consists of, but not limited to, the following:

  • Payroll Processing and Management
  • Employee Record Management
  • TDS and other Statutory Services
  • Employee Self Service (ESS) facility
  • Client Self Service (CSS) facility
  • Employee Tax Accounting and Return Filing
  • Provident Fund and Gratuity Fund Management
  • Recruitment Services etc

 
 
     

ConNet Bangladesh

 
HR and Payroll
 
 
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