Payroll and HR Outsourcing

Payroll outsourcing services offer a streamlined and cost-effective solution for managing payroll processes, ensuring compliance with statutory and legislative requirements. By outsourcing payroll, businesses can focus on their core activities while benefiting from enhanced confidentiality and reduced administrative burden.

Payroll and Human Resource Services

Payroll Services

Payroll is a complex yet essential function that many businesses choose to outsource. This service ensures that payroll processing is accurate, confidential, and compliant with the latest legal standards. Key elements of the service include:

Standard payroll services:

  • Gross to net calculations, payslip distribution, payment file preparation, and management reporting.
  • Administration of new joiners and leavers, handling sick leave, maternity leave, and tax return preparation.
  • Support for HR-related payroll queries and tax or social security audit assistance.

 

Additional services:

  • Salary forecasting, expatriate payroll management, cafeteria plan operation, payroll treasury, and ad-hoc consulting.

To review the details of our Payroll services, including the business benefits they provide, please follow the next link:

Read more about Payroll Services

 

Human Resource Services

Human resource services support the full employee lifecycle, focusing on compliance with local regulations and enhancing the employee experience. This service simplifies HR processes and supports business growth through effective management of HR tasks.

 

Main Elements:

  • New employee onboarding, document management, medical check-ups, and contract management.
  • Training record maintenance, time data management, payroll input handling, and HR reporting.
  • Occupational safety reviews and various HR management support services.

For an overview of more details about the HR Services, including the business benefits it provides, click on the following link:

Read more about Human Resource Services

Outsourcing solutions for an airline company

As a new airline our Client was looking for an outsourcing partner to support them right from the beginning with all accounting matters a new company with complex operations can expect. PS was engaged not just to design, set-up but also to assist in operating and continuously improving...

SSC support for a mobile communication company

As various functions from lots of countries were in the process of migrating into the SSC our Client was looking for ongoing support of additional resources from PS. We had to provide qualified and trained temporary replacement who after a minimal transition period was able to take over the necessary tasks and ensure...

Accounting and reporting process improvement

Despite using tailor made solutions, Client was struggling with his accounting and reporting systems which were working unreliably and were unable to satisfy complex management information needs.

Accounting for leasing companies

For leasing companies of a financial institutions we had to take over the comprehensive accounting and taxation services of the property sub-group (52 entities). Client expectations were to meet tight deadlines and complex reporting requirements based on bookkeeping to be continued in their special accounting system.

Due diligence support for a media company

PS was assigned to carry out a due diligence before an acquisition deal among two significant players within the industry. Our Client was expecting a report on compliance with accounting and tax regulations as well as support in analysis future cash flow projections to validate income and expenditure assumptions...

Fast clean-up for a real estate company

The accounting books of the Client were in a mess, account balances were unreconciled and they were also late with tax return filings. We were asked for immediate support as they were preparing the Company for sale.

Payroll services in state and government sector

After winning the contract, PS had the opportunity to provide payroll and cafeteria administration services for a client in the governmental sector. The transition period was challenging, as less than 2 months were left to take the client over from the previous service provider and to set-up the new payroll system and cafeteria processes.

Process improvement at a global media company

Our Client had diverse solutions and systems for finance accounting and management reporting functions. They were looking for less manual processes, recommendations for automation opportunities and strengthened internal controls.

Consolidated financial statements

Our Client is an active investor on the real estate market. In addition to ongoing accounting services PS was assigned to provide consolidated financial statements for the Stock Exchange and assist in the statutory audit twice a year by adhering to strict internal deadlines.