A Professional Employer Organization (PEO) is a company that provides comprehensive human resource (HR) services…
We provide hassle-free Remote HR payroll management services for small businesses, medium-sized to large companies. PayrollBangladesh provides end-to-end HR and payroll outsourcing services that seamlessly integrate to your existing HR and accounting processes.
Employee Self-Service Payroll
Our mobile-optimised Our Payroll Portal enables your employees to easily manage their own leaves on the go. You’ll also enjoy the flexibility to configure leave policies, leave groups, holiday groups as well as your organisation’s work-week calendar.
Get consolidated monthly reports and assistance with consolidated information during audits and inspections.
Year-end, income-filing forms
Gain easy access to year-end income filing forms to report your employees’ remuneration every year.
Overtime is payroll at double the regular rate of basic wage plus dearness allowance, including interim or ad-hoc pay. Limitations on overtime hours are as follows:
- The normal or regular working hours in any establishment cannot be more than 48 hours in a week.
- An adult worker is allowed to work more than 48 hours in a week provided the total number of hours does not exceed 60 in a week, and an average weekly work time of 56 hours during a year.
Employees who have complete 1 year of service in any organization are entitle to fully pay annual leave calculate as follows:
- 1 day of leave for every 18 work days for industrial or commercial establishments, factory or road transport service providers
- 1 day of leave per 22 days of work for tea plantation workers
- 1 day of leave for every 11 days of work for newspaper workers
Women employees are eligible for maternity leave of 8 weeks before and 8 weeks after the childbirth provided they have completed at least 6 months of employment before the delivery. Women employees who have worked less than 6 months, or already have 2 or more surviving children, are eligible only for unpaid leave in most cases.
14 days of sick leave is grant to all workers other than newspaper workers. Employees need to submit a medical certificate to receive sick leave.
HR Payroll Management Benefits
HR Payroll Management can provide several advantages to organizations. Here are some potential benefits:
HR Payroll Management can help to ensure that employee pay and benefits are accurately calculated and processed, reducing the risk of errors, inconsistencies, and disputes.
HR Payroll Management can help organizations comply with relevant labor laws and regulations, such as minimum wage requirements, overtime pay, and tax obligations.
HR Payroll Service can save time for HR staff by automating payroll processes and reducing the need for manual data entry and calculations.
HR Payroll Management can save costs for organizations by reducing the risk of errors and non-compliance that can lead to fines, penalties, and legal fees.
HR Payroll Management can improve employee satisfaction by ensuring that employees are pay accurately and on time and that benefits and taxes are process correctly.
HR Payroll Management can provide valuable data and reports that can be use to analyze payroll costs, track employee compensation, and benefits, and make inform business decisions.
How Often Should HR Payroll Management Be Done
HR Payroll Management should be done on a regular basis, usually weekly, or monthly. The frequency of payroll processing depends on the business’s payroll schedule and the frequency with which employees are pay.
For example, if an organization pays employees bi-weekly, then payroll processing would typically occur every two weeks. Similarly, if an organization pays employees on a monthly basis, then payroll processing would occur once per month.
In addition to regular payroll processing, HR Payroll service should also include ongoing maintenance of payroll records and compliance with relevant laws and regulations.
It is important for businesses to have a clear and consistent payroll processing schedule to ensure. That employees are pay on time and that payroll records are accurate and up-to-date.
What types of businesses can benefit from HR Payroll Management?
Any business that employs workers can benefit from HR Payroll Management, including small businesses, mid-sized businesses, and large corporations.
Can HR Payroll Management software integrate with other HR systems?
Yes, many HR Payroll Management software options can integrate with other HR systems, such as time and attendance tracking or performance management software.
What is the role of HR in Payroll Management?
HR is responsible for overseeing and managing the payroll process, ensuring compliance with labor laws and regulations, and maintaining accurate payroll records.