What is payroll processing?
Pay accounts for up to 60% of business spend for almost every company in the world.1 That's a big expense to ignore, and there's just so much work to do. Whether you’re a start up with just one employee or a global enterprise, paying your people accurately and on time is a core responsibility of every HR and finance department. Processing payroll involves calculating total salary earnings, MPF contributions, individual income tax and delivering payments to your employees. Manual payroll is error-prone, time-consuming and a legislative minefield, especially in times of change.
But it doesn’t have to be.
With ADP, you’ll never have to worry about going through ever-changing compliance regulations and going through the payroll payment process all on your own. ADP’s fully managed services use cloud-based software that streamline and automate payroll processes. Engaging experts for complete payroll processing is the smart solution, keeping you agile and focused on your business success.
1 Deloitte analysis 2017. Labor spending or overspending?