Employees are the most valuable and crucial asset for any organization. It is the hard work of the employees that shapes a business entity. Thus, it is the organization's responsibility to keep track of all employee-related activities.
This is where payroll services in Dubai come into play. A service of payroll outsourcing, Dubai would record and prepare reports on the employees' activities, which would help gauge the efficiency of each employee and allow the business to make decisions for the future.
In a tax-free economy, the payroll process is more complicated than it first appears. Payroll is a complicated process due to the variety of expatriate nationalities and the frequently changing local laws.
Furthermore, with the establishment of the Wage Protection System (WPS) as required by the UAE Ministry of Labour, a comprehensive recorded payroll process has become crucial for all businesses operating in the UAE. Many businesses, both on-shore and off-shore, are now looking for professional assistance from outsourced payroll providers as a result of this development.
Some of our clients choose to keep payroll-related information private from internal personnel, while others use our service to decrease their operational costs by outsourcing their non-core duties.
Avail best quality Auditing and Accounting services from JAXA
The expert will help to tackle business issues by following proper Accounting and Auditing guidelines will also assist you to scale up your business. JAXA also provides various other services such as Tax Services, Payroll Services, Cash flow forecasting and many more.
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Advantages of Payroll Services in UAE
Maintains Employee Master Records
The payroll service would maintain all the records of an employee such as the salary, additional allowances, benefits, leaves taken, etc.
Enhances Employee Morale
Receiving the complete salary on time without fail would increase the morale of the employees and would increase the work capacity of the employees
Clear picture of Compensation Package
It will provide a clear picture of the total salary that will be provided to the employee along with allowances and overtime, which helps the employees and the employer to keep a track
Re-allocation of Resources
The information provided by the payroll service will help us to allocate resources to the segment of the business that requires it the most
Builds Company Reputation
A payroll service would create the pay slips and salary statement which would help to create a positive image in the minds of the employees, making them more effiecient
Increases Employee Retention Rate
As the morale of the employees is high, the company would see huge success and this would in turn increase the employee retention rate
What we provide
- Compliant with International Finance Reporting System
- Experienced Professionals
- On-time Delivery of Projects
- Registered with all the Free Zones in the UAE
Process
1
Client Approaches
Unstructured Data is handed over
2
JAXA Understands the Business
JAXA understands the working style and business model
3
One Time Activities
i. Salary and benefits structuring; ii. Data migration; iii. Setting up rules and employee masters;
iv. Dry and parallel runs
4
Recurring Activities
i. Payroll processing; ii. Pay slips; iii. Statutory reports and submission; iv. Client and employee
query management
5
Annual Activities
i. IT computation; ii. Receipt and verification of declaration and proofs; iii. Form 16 & form 25
6
Reports and MIS
i. Pay registers; ii. Leave reports; iii. Bank advice reports; iv. IT reports, etc.