What is outsourcing in payroll?
When a business delegates a portion or all of its payroll operations to a third party, it's known as payroll outsourcing. In addition to running payroll, full-service providers typically help with tax reporting, regulatory compliance, data security and unemployment claims. It assists firms with legal, tax, and accounting services so that employees receive their paychecks on schedule. That, too, with as little danger as possible.
By outsourcing payroll in Kenya, you can ensure manual and time-consuming processes are automated, giving you more time back to focus on other strategic initiatives to drive business success.Payroll can be a real challenge for every size of business, from independent contractors right up to medium and large-sized businesses.
Just because you only have a few employees doesn’t mean that you’ll find payroll simple.Staying up to date with ever-changing payroll legislation in Kenya can be a real challenge, but you don’t have to deal with it all yourself. When you choose to outsource your payroll to 2Max Group, you can rest assured that your fully managed payroll service is in safe hands.
With over 13 years of experience, we pride ourselves on the personal service provided by our skilful team. Irrespective of the size of your business, when you choose 2Max Group Payroll Services in Kenya you know you’ll be working with someone who understands your business and speaks your language.
Managed payroll services a Complete peace of mind
Although you can choose to outsource only parts of your payroll, our Managed Payroll Services in Kenya clients tell us that outsourcing their entire payroll system gives them huge peace of mind.When you choose our Fully Managed Payroll Service, you can forget about staying up to date with Real Time Information, PAYE rules and KRA legislation in the knowledge that you have an expert looking after all that for you.
We also offer a more flexible, 'managed' payroll outsourcing service in Kenya which allows you to retain the integration of your HR and time and attendance data within your own software, whilst we run your full payroll on your behalf.
- We complete all payroll tasks based on the agreed processing manual and calendar
- You manage your HR and time and attendance.
- We calculate payments, carry out exception checks, produce payroll checks and complete gross to net
The payroll processing only services from 2Max Group is beneficial if you would like to retain control of your payroll process but outsource the processing part only.
Here's how our payroll processing only option works:
- You complete all your data inputs and calculate your payroll
- We then takeover to produce standard reports for you to check
Our services also extend to:
- PAYE processing
- Producing payslips
- Completing Statutory, Pension, third Party final reports
2Max Group is one of the best payroll vendors which offers complete payroll outsourcing services in Kenya. We provide payroll services to small businesses as well as medium and large organizations. With each passing day, more and more companies are turning to payroll outsourcing companies like 2Max Group for payroll outsourcing services.
2Max Group offers the most efficient payroll services in Kenya. Payroll management is an indispensable service that requires rigorous quality adherence, agility & a high degree of planning. To maximize your company’s gains — our payroll unit offers error-free payroll processing through a customized Employee Self Service.
The payroll services in Kenya we deliver follows clearly defined Processes. Our commitment to delivery can be easily understood and verified. We comply with fully automated processes to handle your payroll outsourcing process so that possibilities of human errors eradicated. We have ensured that our payroll processing follows all the required standard of corporate governance and tax regulations. To ensure accuracy, we execute a multi-level process check that completely mitigates any errors. We have a robust quality assurance mechanism in place that includes pre-payroll validations and post-payroll Quality Assurance. So our process meets the highest Payroll quality service and achieves 100% accuracy – error-free. Our client retention rate of 98.9% make us the best Payroll Outsourcing Company in Kenya.
If you have an overseas company with a Kenya payroll requirement we can look after that for you.2Max Group Payroll Services will provide you with assistance regarding Kenya laws and regulations as well as payment facilities. When you choose to work with Us, you can rest assured that you are working within the Kenya payroll regulations.
- What is payroll outsourcing?
Payroll outsourcing is when an experienced team of payroll professionals, external to your business, manage your payroll. Payroll outsourcing can be delivered in the form of a fully managed payroll service, a more flexible part-managed payroll solution or processing only solution.With one in three businesses opting for a fully managed payroll solution2, payroll outsourcing can give you peace of mind that your people are paid correctly each payday, on time and with total security and compliance.
- How does payroll outsourcing work?
Payroll outsourcing works by having a team of payroll experts outside of your organisation handling payroll on your behalf. It enables employers to pay their people accurately and on time without the hassle and risk of running complex and time-consuming processes in-house.It is particularly useful for businesses that employ a mixture of salaried and hourly paid staff and find that the growing cost of managing payroll in-house doesn't align with growth strategies.Outsourcing payroll ensures that:Your data is compliant and secure Payroll is accurate and on time Costs are controlled Payroll can be scaled as quickly as your business grows Payroll isn't affected if one (or multiple) team members are sick or out of the business
- What is the difference between outsourced payroll and managed payroll?
Outsourced payroll' refers to a fully managed payroll service. This is where an organisation delegates all of its payroll operations to a full-service third party provider to manage on their behalf. A managed payroll service is often where an organisation has HR and/or time and attendance software in-house but work with a third-party payroll provider to manage their payroll processing. This can be more tailored and bespoke to the individual needs of each organisation and will ensure a seamless flow of data from the in-house HR software to the specialist payroll services team for processing.
- How much does it cost to outsource payroll?
It depends on the level of service you need. We'd be happy to talk through our levels of payroll outsourcing services - from part managed, fully managed or processing only, we have a solution to meet your payroll needs. You can contact us or if you're still making up your mind
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