What is Payroll Outsource?
What are the Advantages of Payroll Outsource Services?
Executing the payroll-related functions that your organization needs with an outsourced (third party) business partner is called payroll outsourcing or payrolling. In our country, the term payroll is sometimes used for professional employer organization services (PEO). PEO and payroll outsource services are completely different concepts.
Payroll Outsource companies provide payroll outsource services with the data they receive from their customers, and therefore companies achieve significant savings in terms of time and cost. With the business models supported by unique technologies, Boss Governance redefines the payroll outsource process with other functions of human resources in a hybrid way.
Click here for the advantages you will get from the payroll service.
About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Benefits, Payroll and Compliance informed by data and designed for people.
Learn more at www.adp.com
Boss Yönetişim Hizmetleri A.Ş. is proud to be a local payroll partner of ADP in Türkiye.
ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.
What is Payroll?
Hygienic Payroll Processes by Payroll Estheticians
In Turkish Labor Law, the term gross salary is defined as "the payment earned by the employees." Due to the social security and income tax deduction (apart from some exemptions) made from this payment, the amount is not fully received by the employees. Therefore, we call the part of the salary deposited in the employee's account as net payment.
The following formulas show gross-net payment differentials.
Gross Salary = Net Salary + Social Security Premium (Employee's Contribution) + Unemployment Insurance (Employee's Contribution) + Income Tax + Stamp Tax
Net Salary = Gross Salary – Social Security Premium (Employee's Contribution) - Income Tax – Stamp Tax – Unemployment Insurance (Employee's Contribution)
Click here for the salary calculator tool.
How to Outsource Payroll?
4 key components of a successful Payroll Outsource project:
1- The Right Supplier
The references, guarantees, experiences in privacy - security and personal data protection areas, quality documents, system and infrastructure, number of personnel and financial structure of the supplier with whom you will cooperate with are highly important.
2- Business Requirement Document
This document allows you to clearly state your needs and expectations regarding the payroll. Through this document, the supplier will present the configuration recommendations necessary for the success of the project.
3- Service Level Agreement (SLA)
It is the final service detail that has been contracted in response to the need in the requirement document. Details such as legal binding, duties and responsibilities, minimum and targeted service levels, detailed descriptions of services and business continuity are considered here.
4- Test and Optimization
Your current payroll process may be carried out in-house or by another supplier (outsource). Always ask your supplier to perform a test before starting the service. Changes in calculations, differences in interpretation and approach can be identified this way. Your processes will be reshaped according to the test data results.
What Are the Stages of the Payroll Outsourcing Process?
Do not compromise on security with the high tech supported payroll process
10 Reasons for Outsourcing
It eliminates the high cost of HR departments for all payroll processes; such as training, appropriate software, and the need for qualified personnel.
The processed payroll calculation is delivered to you as per your request and in line with your business structure, with the highest level of confidentiality that prevents any third-party access.
10 Reasons for Outsourcing
It eliminates the high cost of HR departments for all payroll processes; such as training, appropriate software, and the need for qualified personnel.
The processed payroll calculation is delivered to you as per your request and in line with your business structure, with the highest level of confidentiality that prevents any third-party access.
Discover the Unique Payroll Outsource Experience
On Time and Accurate Payroll with Human Resources Process Automation
Let's start
Get a quote for your service requirements.
