Labor law compliance has emerged as one of the most critical issues in Bangladesh, especially…
How Payroll Outsourcing Impacts A Business: A Complete Survey
What would you say about the frequency of your payroll service?
| Answer Choice | All Survey Responses |
| Weekly | 42.15% |
| Bi-weekly | 48.22% |
| Monthly | 9.48% |
| Bi-Monthly | 3.74% |
How professional do you think your payroll service is?
| Answer Choice | All Responses |
| Exceptional | 48.54% |
| Good | 41.06% |
| Average | 8.62% |
| Needs Improvement | 4.78% |
| Unacceptable | 2% |
Does your business use software for processing payroll?
| Answer Choice | Selections | All Responses |
| Yes | 24 | 50.59% |
| No | 5 | 4.61% |
| maybe | 3 | 2.82% |
| I don’t know. | 1 | 1.54% |
How does it improve the overall performance of the company?
| Answer Choice | All Responses |
| Extremely beneficial | 37.6% |
| Very beneficial | 28.14% |
| Somewhat beneficial | 2.32% |
| Not beneficial | 2% |
Do you put in extra hours to finish the payroll?
| Answer Choice | All Responses |
| Yes | 47.76% |
| No | 39.51% |
| I don’t know | 1% |
How does it improve the overall performance of the company?
| Answer Choice | All Responses |
| Extremely beneficial | 32.42% |
| Very beneficial | 36.41% |
| Somewhat beneficial | 17.6% |
| Not beneficial | 1% |
Do you believe the company’s primary objective is being emphasized by this payroll policy?
| Answer Choice | All Responses |
| yes | 62.30% |
| No | 16.6% |
Which third party was chosen for outsourcing, in your opinion?
| Answer Choice | All Responses |
| Yes | 65.1% |
| No | 2.2% |
| May be | 6.41% |
In your opinion, is it safe and secure to outsource all employee data to a third party?
| Answer Choice | All Survey Responses |
| Agree | 80.20% |
| Disagree | 2.12% |
How long have you worked for the business?
| Answer Choice | All Responses |
| 0-6 months | 2.94% |
| 6months – 1 year | 33.43% |
| 1year – 3 years | 51.28% |
| 3 years or more | 16.44% |
Do you currently handle payroll processing in-house?
| Answer Choice | All Survey Responses |
| Yes | 75.39% |
| No | 4.84% |
| Maybe | 2% |
| Other | 3% |
Regarding flexibility, there is no service that can match PayrollBD. It has the capacity to satisfy the particular needs of a variety of business formats, including household, nonprofit, restaurant, and dental businesses. The vertical sectors it supports include those in transportation, agriculture, and other healthcare institutions.
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