Payroll can be a significant cost for the company by consuming a lot of time, investments to payroll software and implementing constantly the changes of labor laws. Read our insights on the payroll and labour law topics below.
Informed personnel administration reduces risks, automates processes and ensures compliance. More than payroll – a comprehensive management solution.
When the payroll process exists only in one person’s head, it creates significant continuity, error and control risks. A documented and transparent process ensures security, efficiency and reduces dependency on individuals. In this article, we explain why mapping and documenting payroll processes is critically important.
Grant Thornton Baltic offers payroll process mapping, rule configuration, integration testing, parallel payroll testing and training to ensure payroll runs smoothly and correctly. Naturally, we also provide a full-service solution—from HR support to payslips.
More and more Estonian companies prefer to outsource payroll functions rather than have a staff position. The reason is that it’s a time-consuming job and requires use of the latest software and keeping up to date with frequent changes to legislation.
Gaily Kuusik, head of Grant Thornton Baltic's business process solutions, gives an overview of the legislative amendments that have already come into effect or will soon come into effect.
In the end of 2022, Grant Thornton Baltic received the Partner Excellence Award from its cooperation partner, the global business services provider ADP, for 15 years of excellent cooperation in payroll processing for ADP clients in the Baltic countries.
In the business world, success comes from focusing on your field and working your way to the top. But that takes time and dedication. So if you are just going into business or expanding, it is wise to think about what sorts of support services are worth outsourcing – what happens if your accountant or computer person is not sitting in the next room but works for an external service provider?
Below we list eight main reasons why companies prefer outsourcing payroll operations instead of a dedicated in-house department.
A growing trend – outsourcing payroll accounting
