Outsourcing has become the preferred practice in companies that strive to streamline complicated business processes and choose to focus on key business objectives. In recent years, more companies have jumped on the outsourcing bandwagon to reduce costs and in turn, enhance their profitability in the competitive business world.
We Answer Your Payroll Outsourcing Needs :
Payroll outsourcing is a key service that LIPL provides for companies who are looking for a reliable HR partner that can work collaboratively with them to manage their internal payroll operations.
By providing experts to run their HR processes, companies can now keep their focus on other strategic operations. LIPL's team of dedicated professionals, coupled with the use of our proprietary SC- CE that is completely compliant with the constantly-changing labour and employment regulations, will ensure that your administrative matters are in trusted hands.
Whether it is the full spectrum of complicated HR processes of an MNC or setting up a start-up system for a newly established company, LIPL is fully equipped with the expertise and experience to manage your payroll procedures.
OUTSOURCING BENEFITS:-
Real Time Management - Reports can be made available to companies so that they can react to and control excessive overtime and claims. Important decisions can be made and executed in a timely fashion, reducing turnover, rehiring or retraining.
Minimize External Costs - No additional costs required for software licensing, upgrade or maintenance and license charges for end users.
Relieve Laborious HR Tasks - Free your HR department of tedious and time-consuming administrative work such as data entry, data mining, matching and updating. Outsourcing reduces companies' burden of tight payroll deadline and takes away operating headaches of data polling, updating, checking and backup. This in turn allows the internal HR department to focus on productive HR activities such as manpower, compensation planning and settle union grievances.
SCOPE OF WORK:-
LIPL will perform the scheduled processes, based on the payroll schedule provided.
SC- CE payroll module is implemented & configured to allow employees’ access via Employee Self Service to view and print pay slips online. Client’s HR and Finance Administrator will have access to print and view payroll reports.
All authorized input forms and interface files will be forwarded to LIPL for input of:
• New employees
• Resigned employees
• Allowances / deductions
• Overtime claims
• Salary adjustment
• Change of bank account no.
Any forms forwarded to LIPL after the predetermined cut-off date will be processed the next month.
After all the data has been entered, an Audit Trail will be generated for checking against input forms.
After checking, LIPL will process the payroll.
LIPL will generate bank file for salary crediting.
Electronic pay slips will then be generated to the employees via Employee Self Service.
LIPL will generate the following reports:
• Detailed Payroll Register by employee
• Summarized Payroll Register by department
• Net Pay Summary, including payment method
TIME MANAGEMENT MODULE:-
Time management is an important asset and the Time Management Module offers a simplified way to consolidate and organize complex schedules - including roster, attendance, and shift - as well as attendance issues like punctuality, absenteeism and early departures.
LIPL SC- CE Time Management Module Lets You:
Enforce Organizational Time Management Rules - Define rotation plans and shift schedules based on operational needs. This can be segregated into different shift patterns including normal shifts, rotating shifts, split shifts and 12-hr shifts. Tagging of up to 8 allowances per shift is possible. This is especially ideal for businesses that run 24/7.
Create a Single Source of Input - All data are converged to a single source for accuracy of reporting and extracting. This single database is responsible for processing all time-related matters within the company.
Practice Synonymy - A perfect integration with the Leave Module to ensure no false reporting for absenteeism.
BENEFITS MODULE:
Employees can practice self-service benefits transactions and manage their Traditional and Flexi benefits, back-payment of salary and overtime, activate claims and reimbursements. This convenient, paperless approach makes it easy for employees to gain access to their benefits package, thus allowing them to maximize it to their advantage.
LIPL SC- CE Benefits Module Lets You:
Claim At Convenience - Employees can gain online access to their benefits package at their own leisure so they can focus on more demanding tasks at hand during office hours.
Understand Entitlements - All back pay and auto-prorated amount concerned with overtime, salary and other financial matters are clearly stated for easy reference.
Integrate with Payroll - Acts as a supplement to the basic Payroll Module so employees have a clear picture of their benefits and all other entitlements.
PAYROLL OUTSOURCING:
Outsourcing has become the preferred practice in companies that strive to streamline complicated business processes and choose to focus on key business objectives. In recent years, more companies have jumped on the outsourcing bandwagon to reduce costs and in turn, enhance their profitability in the competitive business world.
We Answer Your Payroll Outsourcing Needs
Payroll outsourcing is a key service that LIPL provides for companies who are looking for a reliable HR partner that can work collaboratively with them to manage their internal payroll operations.
By providing experts to run their HR processes, companies can now keep their focus on other strategic operations. LIPL's team of dedicated professionals, coupled with the use of our proprietary SC- CE that is completely compliant with the constantly-changing labour and employment regulations, will ensure that your administrative matters are in trusted hands.
Whether it is the full spectrum of complicated HR processes of an MNC or setting up a start-up system for a newly established company, LIPL is fully equipped with the expertise and experience to manage your payroll procedures.
In every business, it is critical to empower employees to know more, learn more and in turn, perform more. The SC- CE is a web based application that answers this need. It acts as an electronic hub to centralize all your human resource-related processes - including communication, development, benefits entitlement and compensation.
