Your Partner in Outsourcing Excellence in Singapore
Since 2012
2,000+
120,000+
Managing employee payroll efficiently and accurately is a vital business function with significant implications for legal compliance and employee satisfaction. It also directly impacts any organisation’s overall performance and reputation.
In addition, employee payroll also requires employers to be compliant with a variety of complex tax laws and regulations. Failing to adhere to these requirements can lead to severe legal and financial penalties.
By outsourcing your employee payroll functions to BGC Group, you can rest easy knowing that every aspect of your payroll will be handled with the utmost precision and expertise.
Our dedicated team stays abreast of the latest regulatory changes, ensuring compliance with Singapore’s employment and tax laws. This mitigates the risk of penalties and streamlines your payroll processes, allowing you to focus on strategic business growth.
Monthly Payroll Services that we deliver:
Ad Hoc Payroll Services that we offer:
WHY TO RELY ON US?
Comprehensive Monthly Payroll Services: BGC Group meticulously manages payroll file record-keeping, salary computation, CPF contributions, and payslip provision. Our attention to detail ensures accuracy in every payroll cycle.
Detailed Payroll Reporting and Analysis: We generate detailed payroll reports, offering crucial insights into your payroll activities and aiding in strategic financial planning and decision-making.
Efficient Processing of Increments and Bonuses: Our expertise extends to the processing of increments and bonuses, ensuring timely and accurate rewards for your employees.
Expert Compliance Advisory: We provide advisory services on employment, payroll, and statutory contributions, ensuring your business stays up-to-date with the latest regulations and is compliant with legal requirements.
Ad Hoc Payroll Services: Our team adeptly handles additional payroll needs such as maternity/child care leave submissions, NS Make Up Pay, and processing of various ad-hoc payments, offering a complete payroll solution.
Tax Filing Assistance: We facilitate the submission of income tax forms to IRAS for auto-inclusion and manage the disbursement of IR8A forms to your employees, simplifying the complexities of tax compliance.
Data Security and Confidentiality: With stringent measures in place, we ensure the security and confidentiality of all payroll data, protecting sensitive employee and financial information.
Customized Solutions for Diverse Needs: Recognising the unique payroll needs of each organization, our services are tailored to meet the specific requirements of your business.
Cost-Effective and Time-Saving: Outsourcing your payroll to BGC Group reduces both costs and time spent on in-house payroll management, freeing up resources for core business functions.
Scalable and Flexible Services: As your business grows, our payroll services can be scaled and adapted to meet your evolving needs, ensuring long-term payroll management efficiency.
Significant Cost Savings: Research conducted by Deloitte which found that 31% of companies that outsourced business functions enjoyed lower operating costs.
Less Mistakes: Studies have shown that third-party payroll solution providers make more than 40% less mistakes compared to their in-house counterparts. This reduction in errors not only saves time and resources but also significantly mitigates the risk of compliance issues and employee dissatisfaction.
Enhanced Compliance: Keeping up with the ever-changing payroll regulations can be challenging. Outsourcing to experts ensures compliance with tax laws and employment regulations, reducing the risk of costly penalties.
Time Efficiency: Managing payroll in-house is time-consuming. Surveys indicate that outsourcing frees up valuable time for your HR team to focus on strategic initiatives, such as talent management and employee development.
Access to Expertise: Outsourcing firms have specialised knowledge and stay up-to-date with the latest payroll technologies and practices, so your payroll is managed efficiently and with the latest industry standards.
Scalability: As your business grows, so do your payroll needs. Outsourcing payroll provides scalability, allowing you to easily adjust to changes in workforce size without the need to expand your internal team.
Improved Data Security: Payroll processing involves handling sensitive data. Outsourcing companies invest in secure systems to protect against data breaches and fraud.
BGC’s 11-year partnership with the Government Ministries and Statutory Boards in the management of the outsourced employees’ HR and payroll has allowed us to develop a team of experts in this field. Our proficiency and reliability are demonstrated through our successful track record. So, leave your payroll-related tasks to us with full confidence.
Outsourcing payroll services can help streamline your administrative processes, saving valuable time and resources. With complex tax laws and regulations, it ensures compliance and minimizes the risk of costly errors and penalties. Additionally, expert payroll professionals offer enhanced accuracy and security, freeing up your time to focus on core business activities.
More than 3X ROI. Besides reducing staffing and software expenses, it also supports in reducing processing time for payroll, and mitigating the risk of compliance errors and penalties. This increased efficiency and accuracy in payroll can also result in greater employee satisfaction and productivity, contributing to a higher ROI. Consider making the switch today.
Our Payroll Outsourcing fee is at $40 per employee per month.
No. Our team firmly believes that every company, regardless of size, deserves high-quality service. We are committed to comprehending your requirements and delivering our best approach to ensure your satisfaction.
Only 3 working days!
Payroll outsourcing involves delegating your payroll management to a third-party provider. The provider takes care of all payroll-related tasks, from calculating wages and deductions to issuing payslips and managing tax filings, using their expertise and technology.
Outsourcing payroll offers several benefits, including improved efficiency, reduced costs, compliance with legal and tax regulations, access to payroll expertise, and the ability to focus on core business activities.
Payroll providers are experts in the legal and regulatory aspects of payroll management. They stay updated with the latest changes in laws and ensure that your payroll is fully compliant, thereby reducing the risk of penalties.
Yes, by outsourcing, you can save on the costs associated with maintaining an in-house payroll team, such as salaries, training, and purchasing and updating payroll software.
We implement robust security measures, including data encryption, secure servers, and regular audits to protect sensitive payroll data against unauthorized access and breaches.
Yes, our payroll services are scalable to match your business growth. We can adjust to accommodate increases in employee numbers or changes in payroll complexity.
You can expect comprehensive customer support, including dedicated account managers, helpdesk services, and prompt responses to any inquiries or issues related to your payroll.
The transition to our payroll services typically takes between two to four weeks, depending on the complexity and size of your business. We ensure a smooth and efficient onboarding process, working closely with your team to gather necessary information and align our services with your specific needs.
Yes, we manage all tax submissions related to payroll, including the necessary filings to the Inland Revenue Authority of Singapore (IRAS). Our services ensure accurate and timely submission of all tax forms, including the annual IR8A forms for auto-inclusion and other relevant tax documentation.
For employees outside Singapore, BGC Group offers comprehensive Employer of Record (EOR) services. This means we can act as the legal employer for your international staff, managing their payroll while ensuring compliance with the local employment laws and tax regulations of their respective countries.
EOR services are particularly beneficial for managing remote teams or employees in countries where your business may not have an established legal presence.
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(EA License: 05C3053)
298 Tiong Bahru Road
#12-03 Central Plaza
Singapore 168730
A subsidiary of Omnibridge Holdings 