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Why Do Companies Hire on Third-Party Payroll?

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While most operators would suggest that salaries and payments are the business’s strategic components since it populates the Sales, General & Administrative line item, a significant portion of businesses across the globe outsource it to third-party service providers.

As per a Deloitte survey, 24%-27% of firms across North America, Latin America, EMEA, and APAC outsourced their payroll management function to third-party vendors.

Payroll management services generally include a basket of services like:
  • Integrating time-sheets into payable salaries and tax liabilities.
  • Managing tax-deducted at source, tax filings, and deductions.
  • Providing management reports.
  • Managing wage garnishments and other ad hoc requirements.
  • Processing payment discrepancies.

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StafinGo

StafinGo focuses on people and placements. We are a purpose driven, trusted, hiring and staffing solution partner, committed to matching people with the right profession and companies with the most suitable workforce.

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