04:05 GLOBAL
Payroll is no longer a process, but rather it is part of the strategy of an organisation. Efficiency and cost-effectiveness are the foundation of long- term success, and one area where businesses can achieve significant savings in both time and money is through payroll outsourcing . Can Save Your Business Time and Money How Payroll Outsourcing
Author: Pavithra Saravanan Pavithra Saravanan is a highly skilled statutory compliance expert with a deep expertise in payroll regulations across various Asian countries. Currently, she serves as a Business Consultant at Akrivia Automation Private Limited, where she leverages her extensive knowledge to optimize compliance processes. successfully streamlined payroll compliance for more than 10 countries, ensuring adherence to local laws and regulations while enhancing operational efficiency. Her commitment to excellence and ability to navigate complex regulatory environments make her a valuable asset in the field of statutory compliance. With over 3.5 years of experience, she has
A ccording to the ‘ Payroll Outsourcing Market Report and Forecast 2024-2032 ’ by Research and Markets, the market is expected to increase at a CAGR of 6.0% between 2024 and 2032, reaching an estimated value of approximately USD 17.59 billion by 2032. Payroll outsourcing services have emerged as a strategic solution to
reduce costs and focus on the core growth objectives of the business without being burdened by the complexities of payroll management, calculating salaries, ensuring compliance, managing deductions, and navigating ever- changing tax regulations. Let’s explore how partnering with payroll outsourcing companies can transform operations.
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GLOBAL PAYROLL MAGAZINE ISSUE 13
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