Payroll Outsourcing Services & Solutions in UAE
When you own a company in Dubai, it is easy to realize that managing financial responsibilities such as accounting, auditing, and payroll is time-consuming. This is besides the fact that you are prone to errors.
As a business owner, you would want to enjoy focusing your attention on the core activities of your business and realize considerable cost savings. And, of course, you would also like the reduced threat to your Company’s security.
These are why Payroll Outsourcing Services in Dubai are tailored to meet your needs, no matter the size of your Company, the large number of your employees, and how complex the payroll is. Many companies in Dubai are outsourcing their services because of data management efficiency, employee salaries confidentiality, reduced labor costs, and risks of computation mistakes.
In addition, they hire payroll experts instead of an internal finance team. These experts can easily manage payroll documentation, processing pay slips, and expense claim disbursements.
What is Payroll Outsourcing?
Payroll outsourcing involves contracting a third-party service provider to handle your business’s payroll management needs and the administrative and compliance tasks concerning employees’ salaries. Outsourcing this function to experts will significantly simplify the payroll process and allow you to concentrate on the revenue-generating activities of your business.
Compared to in-house Payroll Management Services in Dubai, payroll outsourcing delivers increased accuracy; because payroll is prepared, evaluated, and analyzed by qualified professionals.
What is Involved in Payroll Outsourcing Services in Dubai?
Payroll experts are not only into cutting checks and handling direct deposits. These are only a fraction of the things that they can do.
Also involved in Payroll Outsourcing Services in Dubai are the following:
● Handling all payroll compliance matters at the federal and state levels.
● Checking and recording employee attendance, as well as their on-the-clock time.
● Ensuring accurate payroll and tax deductions
● By generating and distributing electronic payroll records to relevant parties
● Overseeing new and existing direct deposit accounts
Applying any employee 401 k plan. The 401k plan allows the employer (as permitted by the employee) to contribute a portion of the employee’s wages to an individual account under the program.
Why Choose Jaxa for Outsourcing Payroll in Dubai, UAE
If you want to outsource your payroll management services in Dubai, you should not look past Jaxa Auditors. We know how important it is to maintain payroll, so we commit ourselves to providing you with the needed services. We have a team of experienced and qualified professionals to ensure that your payroll needs are taken care of and that the desired results will be delivered to you. Outsourcing your payroll services to us will lessen, if not eradicate, the risk of information leakage, staff identity, and possible misuse of company funds.
Jaxa Auditors are popular among the best accounting consultants in Dubai. We offer payroll outsourcing and a wide range of services, including accounting and auditing services. Our accountants and auditors are responsible for delivering quality-driven services to all of our clients.
Please call us at 971 4 2207355 and speak with our experts if you have questions that need to be answered immediately. You can also drop us a line at jiby@jaxaauditors.com.We will be delighted to discuss how we can help you with your payroll management or any accounting-related functions.
Avail best quality Auditing and Accounting services from JAXA
The expert will help to tackle business issues by following proper Accounting and Auditing guidelines will also assist you to scale up your business. JAXA also provides various other services such as Tax Services, Payroll Services, Cash flow forecasting and many more.
Advantages of Payroll Outsourcing Services & Solutions in UAE
Cost reduction
Opting to outsource your payroll services is a cost-effective solution compared to hiring an in-house payroll team, where you tend to spend more because of maintenance charges, labor costs, and adapting new technologies.
Timely and Accurate Results
Outsourcing your payroll to an expert team brings you results that are accurate and timely. It also ensures employee satisfaction as they get their salaries on time.
You can focus on core business activities
You can devote more time to activities focused on growing your Company as a business owner. This will reduce your burden and stress
100% high security and confidentiality
Getting your payroll services outsourced ensures high security. However, when in-house personnel carries out payroll management, there can be chances of leakage of confidentiality.
Compliance with laws and regulations
Getting outsourced payroll services will ensure that your Company complies with UAE laws, as should always be the case. You need to get updated on data protection regulations, changes made to the labor laws of the UAE, and the WPS (Wages Protection System)
Industry expertise
Your Company will get the expertise of tax professionals, and they can handle the payroll activities smoothly and professionally.
Sophisticated technology
Your Company's payroll function gets automated through specialized payroll software to benefit your data security and accurate payroll processing.
What we provide
● Compliant with International Finance Reporting System
● Experienced Professionals
● On-time Delivery of Projects
● Registered with all the Free Zones in the UAE
Process
Client Approaches
JAXA Understands the Business
Plans & Implements the Process
Follow-ups
Reviews the Payroll Management Services in Dubai
Generates the Report
FAQs
The Wages Protection System (WPS) is an electronic salary transfer system that enables businesses to pay employees’ wages through banks, bureaus of exchange, and other financial institutions licensed and permitted to offer the service. In addition, the Central Bank of the UAE’s technology enables the Ministry of Labour to establish a database that tracks salary payments in the private sector, ensuring the prompt and complete payment of agreed-upon wages.
The WPS will benefit several labor groups and applies to all institutions registered with the Ministry across all sectors and industries. (Source: Labor Ministry)
Absolutely. The service can be outsourced to any number of employees. We will charge a monthly fee based on the number of employees on the Company’s payroll process in Dubai.
Payroll Services in Dubai & elsewhere are a delicate process. However, employee welfare has a direct impact on a firm.
Some essential elements that impact the payroll in any organization include maintaining payroll confidentiality, timely payment of salaries, management of confidential documents and information, and compliance with evolving labor laws and regulations. A specialized company is more likely than an internal generalist to achieve all the goals above.