Outsourcing Payroll Processing Services in Hanoi and the North
July 26, 2021
Payroll services are becoming more popular among businesses in Vietnam. However, there are differences in demand and trends in using this service in each region, specifically in the North.
Service providers of payroll in Hanoi can become effective assistants in advising on the preparation of work permits for foreigners in Hanoi.
What is payroll service and which businesses should use it?
Payroll services are provided by a third party who is responsible for performing jobs related to salary calculation, personal income tax calculation and deduction of compulsory insurance contributions of employees according to laws and regulations on behalf of the business.
With experience in handling diverse situations in many different HR groups, payroll services suppliers are suitable for startups, large-scale, multinational companies to small and medium-sized domestic enterprises. They have the ability to support customers in management and operation issues; offloading steps in the business process; help businesses optimize the role of internal HR staff to focus on more important strategies.
Benefits of payroll services
Payroll service helps businesses increase operational productivity and enhance competitive advantage by optimizing human resources, focusing all their efforts on the development goals of the organization. Payroll processing companies own a team of experienced payroll professionals with extensive knowledge of labor laws and related regulations, helping to save time and resources while limiting risks, reducing cost loss, ensuring the reports to be accurate, on time and objective.
Integrated core payroll system with employee self-service portal for the internal HR team to quickly and conveniently access and retrieve all relevant information about personnel on the same system. At the same time, ensuring information safety and security thanks to advanced technology and regular implementation of anti-intrusion tests.
Payroll outsourcing in Hanoi and the North
Although using payroll services is one of the smart and increasingly popular business models in Vietnam, there is still a big difference in the demand for this service in different regions. However, about the outsourcing payroll in the north, specifically payroll in Hanoi, businesses are still quite hesitant to use this service.
Maybe because the salary service in Hanoi and salary scheme in the North have many unique characteristics that make businesses become hesitant to share internal information with third parties. However, with the arrival of more and more foreign experts and staff in Hanoi, accepting and utilizing this service will become more popular. Service providers of payroll in Hanoi can become effective assistants in advising on the preparation of work permits for foreigners in Hanoi, social insurance declaration in Hanoi, tax for foreigners and payroll for foreigners in Hanoi.
Despite many concerns, the benefits that payroll services have will help it be chosen and trusted in the Northern region.