What is a payslip?
The “wage and salary slip” includes all employee wage information. It shows the employee’s salary, the social security contributions the employee has to pay, and the benefits he can receive. The main purpose of “payroll” is to ensure that employees receive all money that is due to them correctly and on time.
Labor costs are often the biggest expense for companies, and managing them is labor-intensive. The process is very time consuming, and mistakes can potentially result in significant fines. Many small businesses use online payroll services to ease the burden and reduce risk. This payroll tool is designed to simplify the calculations and forecasting required to manage salaries. An online payroll service will help you develop your business operations with its easy setup and scalable features. It also includes maintaining and storing records of these payments and paying taxes on behalf of these employees.
A payroll service will work with your company’s trained or certified HR employees. Payroll errors can result in significant repayments years later. The software simplifies many tasks, but a qualified HR person must be familiar with the software and any legal requirements.
However, there is a way you can save on HR staff costs and expensive software licenses. Contract with ourpayroll service provider, who handles all the administrative work involved in “payroll accounting” You save time and are always 100% legally secure at a fraction of the cost.
Payroll Clerk, Payroll Outsourcing Service
Payroll service offers expert payroll accounting, HR, and compliance support. The Payroll provider offers various outsourced services to handle all or part of the payroll process. A payroll provider hires the employees of a business owner and employer on paper, thus legally becoming the employer. Such payroll services were originally developed to relieve small businesses of legal and administrative burdens but are now used in companies of all sizes.
Working with a payroll provider is attractive to any organization. When the payroll provider works with the employees as a business owner/employer/company gains more flexibility, convenience, limited risk, and financial benefits by processing more efficiently. A payroll provider can partner with an employer on a short-term project or a long-term process. Payrolling is a service where a payroll agency takes over the employer’s duties. All administrative tasks related to wages are outsourced. This is much more cost-effective than managing and preparing the “payroll accounting” in-house.
Experience shows that outsourcing payroll saves around 50% on personnel costs for HR employees. Personnel costs include all costs an employer incurs for the remuneration of a well-trained HR employee or department. There are also no costs for expensive accounting software.
The advantages of payroll service providers over trustees:
Trustees take care of the bookkeeping, but payroll service providers care for the employees. i.e., on paper, the employees are employed by the payroll service provider, and the administrative effort of your company is reduced from extensive “payroll accounting” to paying a single invoice!
Some payroll providers offer more services than others. The simplest payroll providers usually do the abovementioned tasks – calculating and paying the salary. However, other payroll providers that offer a full service can do more than just the bare minimum. Besides payroll, they can create reports for new hires, provide access to self-service portals for employees, and take on time tracking. Most payroll service providers also register and deregister from social security, etc.
Freelancers and contractors must be meticulous in their recordkeeping in Switzerland. Many rules must be complied with! Compared to other European countries, Switzerland is not the easiest place to work as a freelancer – there are many rules to follow, or you could face hefty fines. The legally secure way to be paid out for your work as a freelancer is to have your salary paid out via a payroll service provider. In contrast to self-employment, the administrative effort is zero, and you don’t have to acquire the necessary knowledge.
Brine SA is your payroll partner in Switzerland. If you want to accept an order in Switzerland, if you are a Swiss company that uses temporary workers, or if you want to save operating costs, you will benefit from our services across the board. We have provided payroll services to contractors and freelancers working either for Swiss clients or from their location in Switzerland for Swiss or foreign clients for over 35 years.
@ Brine SA