PAYROLL MANAGEMENT

We know that running a business is not an easy task. That’s why we are here. By providing you a comprehensive service in payroll, you can say goodbye to extra time spent administering your payroll so that you can focus on more important things, like, running your business and focusing on more strategic decisions! So let’s start with the most basic question:

Why Outsource Your Company’s Payroll?

Below are few reasons why you should outsource:

1. Cost savings Payroll Outsourcing:
o eliminates the cost of initial hardware and software investment and its subsequent maintenance
o reduces spending on technology upgrades due to obsolete functionalities and changes in statutory requirements
o controls operating costs as fewer employees are needed to perform these administrative tasks, thus maintaining low headcount.
2. Other indirect time/cost savings:
o error reductions from manual handling of data
o reduces risk involved in security and confidentiality
o creates opportunity cost from redeploying human resources and investments to other areas
o reduces risk of fluctuating employee turnover and the need for recruitment and retraining, thus ensuring a stable operational environment
3. Change in company focus:
o reduces the time spent on administrative tasks and helps refocus on strategic planning initiatives
o reduces financial risk involved in non-compliance with legislative, corporate and technology changes
o ensures that there is a growing need for companies to leverage on established HR service providers for information and expertise that are not available internally
o establishes a strategic partnership with HR service providers to enable more flexibility and tailor-made business solutions for ever-changing operational needs
o increases employees level of satisfaction as a result of more timely and accurate response to their HR issues and queries With outsourcing, all level of staff in your company will enjoy some form of benefits and convenience.
 Benefits of Payroll Outsourcing to Management:
• Provides real-time management reports
• Attains cost savings by reducing capital investments
• Strengthens internal control and planning
• Reduces staff turnover, rehiring and retraining
 Benefits of Payroll Outsourcing:
• Reduces tedious and time consuming administrative work for HR
• Creates more time to focus on productive and strategic HR work
• Provides convenient and flexible reporting options to line manager
• Line Manager Provides updated staff information for management decision making
• Gives employeers fast and accurate access to information

 Why Choose BloomsFord Associates Limited Payroll & HR Services?

As your HR partner, we aim to offer you a flexible and streamlined payroll outsourcing services at a competitive price. Our goal is to help you achieve tangible benefits in the areas of cost savings as well as increased service level performances. We are proud to be part of your success.
We take great pleasure in proposing our payroll outsourcing services to your company. First and foremost, we would like to thank you for the opportunity to extend this proposal to you and hope that we can work together in order to expand and grow together.