Payroll Management

It’s important to ensure that you have a scalable, automated, precise, and engaging payroll system since it’s more than just money; payroll is a key component of your business strategy. At PIB, we establish trust by using clear procedures that make it simple for individuals to access and comprehend their income. We take pride in the attention we give to every client, establishing bonds of trust that are supported by years of expertise. Being independent, we have the freedom to adapt our solutions to meet your particular demands. You are free to decide what is most effective for your company.

Our professional team will make sure that your firm complies with the Wage Protection System, all payroll and employment requirements and all other applicable laws. To improve outcomes for your people and your organization, we provide technological experiences that enhance the interconnections between life and work. 

Our payroll administration includes:

Preparing and Issuing Payslips

Any business that employs people must provide a payslip that details their salaries. It details the employee’s gross and net wages as well as other pertinent details. Our ability to calculate payroll accurately and pay employees on time is essential to maintaining their faith in the business. It includes a breakdown of the pay and other deductions are made and the employee’s expected net compensation.

 At PIB, we provide thorough reports, reviews, and suggestions on the necessity of steps to lower the cost of sick leave and reimbursements for time not used. We provide a thorough financial analysis of the pay budgets horizontally and vertically to ascertain the effectiveness at each degree or unit and take actions to improve labour efficiency and output.

The payslip will always include the information below:

  • Personal data and the payroll number of the employee
    • Gross pay, or the amount of salary before deductions. It covers the base pay as well as all of their benefits, such as performance bonuses, medical reimbursements, and travel reimbursements
      • The remaining compensation after all of these deductions, also known as net pay.

      Wage Protection System (WPS) Registration

      A wage protection system helps your business keep track of and record how employee salaries are paid in accordance with labour laws. It is a requirement if you want to expand your firm globally. WPS’s primary duty is to ensure that enterprises implement timely, organized wage payment procedures that comply with all relevant laws and regulations. We can customize our offers to the needs of the customer, irrespective of the size of the company, the number of staff or the complexity of the payroll. Additionally, having an employee in a company is subject to a number of administrative and judicial requirements. PIB can help clients with these requirements on an advisory or execution basis.

      We can help you register for the WPS, enabling your firm to expand both domestically and globally. We stand out because:-

      • Our service complies with WPS standards and is secure.
      • There is no minimum requirement salary.
      • Compared to the entire cost of engaging an internal accountant, it is far less expensive.
      • We have knowledgeable experts who can give you advice on complex situations.
      • We help the organization run more efficiently.
      • Minimize the dangers of critical information leaking,

      WPS payment through Banks or Exchange houses

      If your firm uses an internal payroll team, it is highly likely that WPS payments through Banks or Exchange houses will be forgotten due to the interference of other payroll chores. Furthermore, since each HR professional has a different set of specialisations and a different learning curve when it comes to the most recent WPS upgrades, it might be challenging to ensure that your payroll function can efficiently comply with WPS through an in-house payroll team. This may also necessitate routinely changing out payroll specialists or providing them with expensive and time-consuming training and development programmes. At PIB, our payroll outsourcing team is prepared to successfully manage all of your payroll needs. This comprises; 

      • Processing WPS payments through Banks or Exchange houses.
      • Utilizing the correct techniques and methods to guarantee that your payroll function effectively conforms with the set WPS legislation
      • Assisting you in avoiding any potential penalties and hazards associated with non-compliance.
      • Ensuring that the payrolls for a particular month are completed in accordance with the WPS due dates to avoid fines for late processing.

      Why PIB for Payroll?

      Payroll might be a hassle, but it doesn’t have to be, as seen by PIB. Whatever the case may be, we offer quick, amiable, and knowledgeable assistance with all of your payroll service needs. We can take care of everything for you, whether you need help with a new HR package or just a little help with your current payroll process.

      We are local professionals who understand how to complete tasks precisely the first time. With our upmarket approach, we can provide top-notch customer service while yet retaining the personal touch that is so crucial in today’s business environment. We take pleasure in getting to know each of our clients on an individual basis and provide excellent service through:-

      • Ensuring that they all feel like members of our family by developing solid friendships with them.
      • Working closely with our clients to make sure the payroll procedure is suited to their particular requirements.
      • Letting the customer focus on their core business by handling their time-consuming payroll administration duties.
      • Aiding you with payroll management, direct deposit, payslips, and payroll reports.