PayrollBD is one of the leading payroll outsourcing companies in Dhaka. Small enterprises, as well as medium and large businesses, use our payroll services. With each passing day, an increasing number of businesses are turning to payroll outsourcing providers like PayrollBD for help. Our payroll solutions give your employees the tools they need to build and apply unique payroll processing rules. Allowance, deduction, overtime, and leave formula definitions are all configurable on the platform.
Our World-Class Payroll Outsourcing Services Deliver Efficiencies & Ensure Compliance
Through our Employment Solutions, we enable companies in Bangladesh to hire and pay their employees in Dhaka and Chittagong. Foreign companies often start slow with small investments. They start with low profile in local industries to minimize risk factors. By outsourcing payroll management services and employment requirements to an employer of record, along with other administrative tasks such as acquiring visas for foreign employees, companies are free to pursue the core of their business in China without having to manage technicalities and accumulating legal risks.
Special Benefits Of Our Payroll Outsourcing Services
- Ensure accurate payments worry-free
- Reduce HR costs and admin burden
- Get payroll and stat reports, bank payment files, and online payslips for your employees
- Gain access to a dedicated team of payroll experts
- Labor contract signature
- Monthly payroll
- Staff visa processing
- Personnel tax compliance
- Statutory benefits compliance
- Medical insurance
- Expense claim
- Benefits & bonus
4 Effective Process Of Our Reliable Payroll Outsourcing System
payroll isn’t just about paying your kin. Let’s be honest, you didn’t get into business to oversee desk work and monitor finance legislation. Our Services Cover :
PayrollBD sum up the finance preparing extent of work as a mixture of 3 key exercises sectioned as
Regularly scheduledPayroll Processing Activity.
Quarterly Payroll handling Activity.
Yearly Payroll handling Activity.
We are proud to provide the highest possible standards in payroll processing, thanks to our high degree of automation. Our internet-based portal allows rapid approval and payment while maintaining security, accuracy, and confidentiality. We understand and understand the importance of the confidentiality of employee data. Our payroll processing system meets high standards of compliance with payroll procedures and IT controls. Some of the measures we have taken to ensure data security.
Access to the payroll system is only through terminals that cannot store or copy data. Our payroll processing system is not accessible through unauthorized means such as portable devices, printers, email, or any other means. Breach of data security through unauthorized means triggers notification immediately
Our Payroll Outsourcing Services Allows To Focus Your Time & Effort
Adding another layer of complexity is the constant revision of the minimum wage level and welfare by the Bangladeshi Government on an almost yearly basis. In light of the new labor law, the demand for special, in-country payroll services is growing. We are here to help you with this. We offer special, quick, and highly reliable accounting practices to take away the stress of payroll regulation. This allows you to focus on sales and growth. Our associates can help you with:
- Payroll Processing Setup
- Hiring Expatriate Employees
- Hiring Local Employees
- Accounting & Bookkeeping
Grow Your Business With Your Trusted Payroll Outsourcing Solutions Provider
The company comprehensively addresses full and final settlements to confirm complete compliance with legal company policies.
Our professional team can understand all the intricacies involved in the full and final settlement process.
Our associates can help you with:
Offshore Payroll & HR Services
Bangladesh has an eight-hour workday, with a 44-hours work week. Here salaries are payable on a monthly basis. Labor agreements often cause complexities among employers.
Top Tier Business Services to Help Boost Productivity
1. Initial payroll setting up, which includes:
A. Employer registration with statutory social benefits
B. Applying for employee labor manual from relevant authorities (if approve)
C. Update your entity staff’s details
D. Coordinate with a bank of your opposite entity on the correct payroll procedure (if approve)
E. Assistance in the gap a private checking account for every worker
2. Salary calculation and net salary payment arrangement
3. Preparation of your staff’s payslips
4. Payroll report for your local accountant
5. Assistant with external audit and inspection by social benefit authorities
6. Assistance in payroll system set up.
7. Define and communicate your needs in a very native language, establishing vendors’ roles and responsibilities
8. Ensure compliance with processes and procedures
9. Create open and seamless communications that link your vendor, Payroll BD, and your operation
10. Promote a spirit of cooperation that drives continuous improvement throughout the complete offer chain.
Managed HR and Payroll Outsourcing Services For Successful Growth
Our Wide Array of Payroll Managed Services include
- Maintain payroll file for each employee
- Salary calculation on a bi-monthly or monthly basis
- Process gross to net salary and applicable PF, TIN, BIN, or insurance contributions
- We process bonuses or any ad-hoc payments
- Develop no pay leaves and expense claims
- Salary disbursement to workers via Bank BFTN transfer
- Publish secure on-line payslips via the Pay recommendation portal
- Provide detailed payroll report for management’s review
- Prepare ad-hoc statutory claims like service, maternity, service, etc.
We guarantee timely and correct wage disbursements to workers via our sure account. By this organizations will contour and increase the potency of the payroll method.
We Ensure Secure Cloud-Based Payroll Outsourcing System
We host your payroll records in a very secured cloud-based unit of time system and worker self-service portal. All you’ve got to try to do is send your information to us for your alternative to our cloud-based portal or email. Then, we will do our calculations and report them back to you.
We have multiple scopes to work with
1. Salary and Tax Services
2. Salary and tax policy advisory in many local governments
3. Monthly wage calculation and delivering
4. Income tax declaration
5. Leave management
6. Reimbursement management
7. Customized Pay Slip
8. Cloud-based payroll system
9. Social Insurance Services
10. Social insurance policy advisory in many local governments
11. Company social insurance account and individual account
12. Personal account management
13. Account merging and transfer
14. Welfare Management and Distribution
15. Commercial insurance management
16. Medical insurance management
17. Accident insurance management
18. Foreigner insurance management
19. Employee Entry and Settlement
20. Employment work and residence permits
21. E-Visa and Work-Permit Processing
FAQs About Payroll Outsourcing Services
How long does it take to transfer payroll providers?
It all depends on how complicated your payroll is. If your employees are primarily paid on a salary basis with the exception of overtime or pay raises, this can normally be transferred in one week or month (depending on your company’s pay schedule).
Are there any in-year payroll charges?
No, all of our prices are all-inclusive. This means that all support, reporting, new starters, leavers, and adjustments are all included in the agreed-upon fee for payroll services as indicated in our proposal.
Are there any set-up fees?
It may be necessary to charge a one-time set-up fee for some payrolls, but this will be outlined in a proposal document before we enter into a contract, so you can be sure of the expenses up front.
How quickly can I expect our payroll processed?
In the vast majority of circumstances, we are able to turn around your payroll changes the same day they are received. If you pay your employees using BACS, you must allow for the three-day BACS processing schedule.
Will we be tied in to a lengthy contract?
We do not bind our clients to long-term commitments since we are convinced that you will be satisfied with Firefly’s service. With one month’s notice, you can cancel our contract at any time, and we’ll even help you transfer your payroll to a new payroll provider.