Among businesses, payroll management entails a whole lot of time, especially if the company does not have an HR department. Outsourcing to the right payroll outsourcing will help save time and money while remaining compliant with all relevant local regulatory requirements. Below, we rank the best 5 payroll outsourcing in Singapore, starting with Tn Online Payroll Pte Ltd ranked first on the list.
1. Tn Online Payroll Pte Ltd
One of the prominent company providers offering sound and efficient payroll outsourcing Singapore is, in fact, Tn Online Payroll Pte Ltd. Specifically, Tn Online Payroll Pte Ltd was founded in 2004, and it boasts a great track record of professional payroll services provided to businesses of all sizes. Notably, the most attractive feature of this service is competitive pricing, which, interestingly, can be as low as $2 per employee per month.
Tn Online Payroll offers complete services, such as:
- Payroll Calculations are based on the prescribed statutory obligation and company policies and procedures.
- CPF contribution filing
- Preparation of payslips and year-end tax filings
- Onboarding and termination processes of employees.
They will also safeguard confidentiality and accuracy for your business to eradicate payroll errors. Whether in Singapore, Malaysia, or Indonesia, Tn Online Payroll has the expertise and resources to process payroll without any hassle.
Why Tn Online Payroll Pte Ltd?
- No hidden fees and year-end processing are included.
- Flexible packages for businesses of all sizes.
- Dedicated customer support.
2. Links International
One of the companies in Singapore, which stands proudly at the top of the list as a leader in payroll outsourcing services, is Links International. This company effectively provides all the essential services of HR and payroll, thereby becoming the best option for a full suite for businesses. Moreover, this company primarily focuses on providing accurate and compliant payroll services in Singapore, ensuring that clients consistently abide by all the regulations within Singapore and across Asia.
Their innovative Links One HR platform is a payroll, HR, and workforce management in one single user-friendly interface. Further, their committed account managers ensure personalised service, a thing that makes them unique in the market.
Why Links International is Excellent for Payroll Outsourcing:
- Comprehensive HR solutions along with payroll.
- Multi-country payroll solutions
- Excellent customer support and devoted account managers.
Links International is advisable for those medium to large-sized organisations that offer complex payroll services or regional coverage.
3. Frontier e-HR
For businesses, Frontier e-HR is an ideal payroll management solution. For more than two decades now, this company has been providing high-tech solutions to HR and payroll processes. Its cloud-based software simplifies payroll processes while being compliant with local laws.
Frontier e-HR payroll outsourcing services offered:
- Cloud-based payroll processing.
- Integrated claims management
- Real-time payroll reporting and analytics
- Secure data storage and confidentiality.
Compared to other competitors, Frontier e-HR is different from others in terms of cloud technology and flexibility, because it offers freedom to businesses of all sizes. Other government grants supporting SMEs’ cases are available, where up to 70% of the cost is supported.
What Makes Frontier e-HR Different
- State-of-the-art high-tech cloud payroll solution
- Real-time access to data and analytics
- Government grants supporting SMEs.
Although a bit pricey, Frontier e-HR delivers excellent business solutions for companies looking to innovate through scaleable payroll options.
4. AYP Group
Small and medium-sized enterprises requiring an HR service provider that may bundle all of their services in one will, therefore, find AYP Group very helpful. Moreover, payroll outsourcing can be bundled seamlessly with HR management solutions to help businesses manage payroll, employee benefits, and workforce planning all in one place. Consequently, this gives an easy and comprehensive solution to help growing businesses.
Services offered by AYP Group for payroll:
- Automated payroll processing and compliance checks.
- Employee self-service portals for leave and claim applications.
- Hybrid or remote payroll management solutions are integrated into one platform.
AYP Group’s pricing is scalable since it is based on the number of employees- which makes their system very fluid for small businesses. They charge per employee, starting with an affordable monthly rate of $10 for every employee for start-ups and small companies.
Why AYP Group is good for small businesses:
- Inclusive payroll and HR packages
- Employee self-service tools
- Cost-effective on smaller workforces.
AYP Group payroll outsourcing comes in quite handy for companies with a small team as it is an even more manageable solution.
5. Payboy Payroll
If your business is small or has a hybrid or remote work arrangement, then Payboy Payroll is ideal. Payboy is lean, and efficient, and always seeks to automate and make payroll transparent. Its software flows with other external applications such as Xero, Quickbooks, and Financio, which provide for the smooth exchange of data as well as productivity.
Some services offered by Payboy Payroll include:
- Real-time and accurate calculation of payrolls as per local laws
- Leave and claims management through the system.
- Flexible payroll processing for part-time and freelance workers.
Among the reasons why Payboy Payroll is such an attractive choice is their responsive customer support – hassle-free for businesses to get the help they need whenever they face payroll challenges. Their charging model, which calculates according to the employees, makes them accessible for startups and small businesses.
Why Payboy Payroll is an Excellent Choice:
- Simple, automated payroll solutions.
- Integration with popular accounting platforms.
- Responsive customer support.
Although not really new to the market, Payboy Payroll is highly in demand due to its accessibility as well as cost-benefit pricing.
Benefits of Payroll Outsourcing Services
Selection of the right payroll outsourcing services can bring numerous benefits for businesses, such as:Â
- Cost Savings: There is no need for employers to hire full-time payroll staff or invest in costly payroll software when one decides to outsource.
- Time Efficiency: The company frees its time to handle other important operations when outsourcing payroll to focus on complex issues with skilled experts.
- Compliance: A professional payroll service provider is keen on ensuring that there is no noncompliance with all the local tax laws and regulations applied in a company, thus avoiding costly mistakes.
- Confidentiality and Accuracy: Payroll service providers guarantee confidential data protection and accurate calculations, which help to prevent payroll errors.
In Singapore, when regulatory compliance is a huge issue, it will be their reliance on outsourcing payroll. It may reduce the burden on business owners and HR teams.
Conclusion
With the right service for your payroll outsourcing in Singapore, you will undoubtedly experience a significant boost in efficiency levels, particularly as far as your business is concerned in the running of its operations. From comprehensive solutions and competitive pricing offered by Tn Online Payroll Pte Ltd to the high-tech features provided by Frontier e-HR, and inclusivity emphasized by AYP Group, there’s something different available for each specific need. Whether you’re a startup SME or a large enterprise, payroll outsourcing can effectively help save you time and money while ensuring compliance. Therefore, always consider the unique needs of your business and thoughtfully pick the one that best fits the overall goal and budget of your business.
