Payroll is a vital part of any organisation. From a human resource perspective, a timely payroll is essential to employee morale and employee retention rates. Moreover, as payrolls handle salaries, wages, bonuses and taxes, it is seen as an important pillar to the financial stability of any business organization.
A number of businesses choose to outsource their payroll functions. Outsourcing payroll functions may lead to reduction of costs of maintaining in-house payroll employees, but it may also lead to high outsourcing bills. Also, payrolls tend to be complicated as governments tend to require employers to withhold income taxes from their employees’ salaries. However, there are a number of payroll solutions available today that look to help organizations compensate workers in a timely manner, file appropriate taxes and meet tax compliances. Certain payroll solutions providers tend to specifically cater to small, mid-sized or large business organizations to meet their various needs. Today, payroll solutions are mobile, multi-functional, and cloud-based. Along with the basic payroll functions, modern payroll solutions incorporate functions to find and hire candidates, and have features like HR support, ACA tracking, candidate data analysis, and tax compliance services.
With a multitude of solutions in the market that can simplify payroll operations for the companies, CIO Advisor showcases the front runners in its annual edition on payroll technology solution providers. CEOs, CIOs, analysts, and the CIO Applications editorial team have evaluated firms with a proven record in successfully assisting enterprises with efficient payroll solutions. The current edition of CIO Applications thus brings to you, “Top 10 APAC Payroll Solution Companies - 2017.”