What are Payroll Services?
Payroll Services
Payroll services provide businesses with a solution for managing employee salaries, bonuses, insurance, taxes, and deductions. In addition, payroll services offer support for payslips issuing and answering questions related to employee salaries.
Tax-related processes, such as tax reporting and finalizing personal income tax (PIT), are also included in payroll services. A payroll service agency typically assists with payroll tax calculations, preparing and submitting tax forms, and provides other payroll-related services.
Support for compulsory and voluntary social insurance for employees is also part of the payroll services. Manpower Vietnam can offer the above services as well as management services for other types of insurance, including Accident Insurance and Health Insurance. The payroll services also include labor-related services, such as periodic labor reports and reports to government departments and agencies.
Typical Payroll Process
The payroll process is sensitive and can lead to legal consequences if not handled properly. Using a payroll service provider reduces the administrative burden and the risk of errors.
Payroll services usually offer additional conveniences, such as time attendance tracking and employee self-service portals to access payslips.
The payroll process starts with collecting employee data, such as name, address, social security number, compensation, and other relevant information. This information is used to calculate taxes, such as personal income tax and unemployment insurance.
The payroll service provider handles tax deductions, health insurance, and other benefits, prepares payslips, and distributes salaries to employees.
Payroll providers are responsible for ensuring that taxes are properly calculated and withheld, and tax forms are filed on time. They also handle the payment of taxes to the relevant government agencies, including unemployment insurance.
Manpower Vietnam's payroll services also provide additional add-ons, such as making labor reports for companies with representative offices in Vietnam. We assist businesses by minimizing paperwork and updating the latest legal regulations to ensure compliance with labor and compensation regulations.
Benefits of using Manpower Vietnam’s Payroll Service and Our Added Values
Using a payroll service eliminates the need for expensive payroll software and reduces the number of employees required to operate it. Manpower Vietnam's professional payroll team is always ready to assist and answer questions related to salary, tax, and insurance for employees.
In addition to the main services of payroll, tax, and insurance, we also provide some other services such as:
Organizing annual health checkups and supporting customers to survey and find suppliers for annual health checkups. We support customers in researching and surveying the market to come up with the best solutions.
Training: Manpower Vietnam can organize training courses on policies, guidelines, and internal training for businesses in need. Additionally, we also assist customers in finding employee training solutions.
Organizing internal activities: We are ready to assist in organizing corporate activities such as Year-end Parties or other internal activities.
Training services and supporting staff: when there is a need to move to another job position.
To receive further advice on our payroll services and how Manpower Vietnam can assist your business, please send an email to inquiry@manpower.com.vn.
Read more about our Payroll Services and to explore other innovative HR/workforce solutions of ManpowerGroup Vietnam, reach out to Our Services page or input your contact information in the form below and we will get back to you soonest: