What is Outsourcing? Payroll Outsourcing

Outsourcing or Outsourcing (also called subcontracting) is an innovative management technique, which consists of the transfer to third parties of certain complementary processes that are not part of the main line of business, allowing the concentration of efforts on essential activities in order to obtain competitiveness and tangible results.

The word Outsourcing has its origin in English (United States). It is a word made up of out that indicates outside or external, source whose meaning is source or origin, plus the use of the suffix –ing that suggests a continuous action. Its concept suggests the continued action of searching for an external source.

Something more detailed about the Service

Creation of your new employees.
Settle the payroll of its employees under the form of a fixed, flexible or variable payment
Generation of flat file for payment in bank account by magnetic means.
Payment of partial social benefits (severance pay and interest on severance pay)
Upload news through flat files.
Payment of definitive social benefits (vacations and retirements)
Generation of income and withholding certifications.
Payment of par fiscal contributions and social security.
Semiannual calculation of withholding tax for procedures one and two.
Monthly calculation of withholding at source
Generation of payment vouchers.
Standard payroll and other reports.
Management and updating of records (layoffs, penalties, vacations, licenses and disabilities).
Generation of consolidated vacation and severance pay and interest on a monthly basis or in the period required.
Generation of payroll accounting according to the structure of the accounting software required by the client.
Advice on labor, tax and accounting matters, supporting payroll settlement activities.
Evaluation of quality processes of our service in search of continuous improvement.
Audit processes for each paid Payroll services in UAE.

What are the Advantages of the Outsourcing Service?

Achieve effectiveness by focusing on what the company does best.
Increase flexibility to achieve change according to business conditions, demand for products and / or services and technology.
Improve organizational performance through higher productivity, better quality, more reliable and on-time deliveries, faster time cycles, improved resource utilization, higher availability, and higher performance.
Transfer the cost of employees (including the benefits that are granted by law) and management expenses to the supplier.
Convert fixed costs into variable costs.
Reduce investments in equipment, inventories, personnel, among others, to use those resources for other purposes.
Gain access to the market and business opportunities through the supplier network.
Expand operations during periods when such expansion could not be financed.
Receive innovative ideas to improve the business, products, services, among others.
Improve credibility and corporate image through large supplier association.