Payroll/Outsource HR Services
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Abolition of MPF Offsetting Arrangement
- 2023-07-03
- Categories: News, Payroll/Outsource HR Services, Employment Ordinance
Background of the MPF Offsetting Arrangement The Mandatory Provident Fund (MPF) is a Hong Kong compulsory retirement savings scheme from 2000. Except for exempt persons, this system is mandatory for all employees in Hong Kong who: Aged between ages 18 and 65 Have an employment contract of 60 days or more. Under the scheme, the employer and the employee are required each contribute 5% of the salary of employee while the total contributions are capped
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What is Payroll Processing in HR? A Step-By-Step Guide to Payroll Processing
- 2022-12-07
- Categories: Blogs, Payroll/Outsource HR Services
No matter what size your business is, you or your HR team will inevitably need to process payroll at some point. Employees need to be paid on a regular basis for the work they do, and it is crucial that this process is done correctly in order to avoid any legal issues or disgruntled employees. Yet, there is no denying that managing payroll every month can be complex and time-consuming. If you’re not familiar with
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5 New Trends in Human Resources Outsourcing
- 2022-11-23
- Category: Payroll/Outsource HR Services
Outsourcing has become increasingly popular in recent years as companies seek to save on costs. And while there are many different aspects of a business that can be outsourced, one of the most popular is human resources. Human Resources Outsourcing can help businesses save on the costs associated with recruiting, training, and retaining employees. By freeing up internal HR resources and accessing expert outside assistance, businesses can improve their overall efficiency and effectiveness. Let’s know
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6 Effective Types of Performance Appraisal Management Systems
- 2022-04-21
- Categories: Blogs, Payroll/Outsource HR Services
Performance reviews can be a daunting process for any employee, meaning it has to be done in a professional manner with care and consideration. Knowing which type of performance appraisal system to use with certain employees can ensure you maintain harmonious relationships and enhance their future performance, which will benefit your business greatly in the future. In order to ensure you get the best out of your employees while also pinpointing areas of improvement, you
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Why Start-ups and SMEs Need Payroll Outsourcing Companies
- 2022-01-12
- Categories: Blogs, Payroll/Outsource HR Services
One of the most important functions of a human resources (HR) team is to process the employee payroll. While every registered business in Hong Kong with at least one employee needs to process payroll, it can be a complex task, making payroll a common HR duty outsourced to external HR service providers. Especially true for SMEs. Startups, small and medium-sized enterprises (SMEs), and businesses that are growing at speed, payroll processing and other HR functions