Are you looking to…
…implement payroll processing in newly established company or branch?
…replace an outgoing payroll system?
… reduce the cost of payroll processing and payroll administration?
…then Payroll Outsourcing is for you.
Payroll Outsourcing is the handling of a company’s payroll processing by an external company and relies on the secure transfer of personnel data. Minerva Czech Republic uses its own product m.payroll for its own payroll processing. m.payroll is a proven payroll processing solution used by dozens of companies in the Czech Republic and Slovakia. Continuously kept up to date with all relevant legislation, m.payroll is also able to use data from time and attendance systems. Employees can also be provided with access to their own payroll and HR data according to their individual permissions.
Employees with online access can use the Minerva PaM iPortal, allowing them to quickly get basic information about themselves.
Benefits for your company:
- Reduction in labour costs
- Capital expenditure savings (hardware and software) by not having to purchase and operate an in-house payroll processing system
- Guaranteed compliance of payroll processing with current and future legislation
- Removal of training costs to ensure for payroll legislation compliance
- Removes reliance on specialised knowledge of your in-house payroll accountant
- Time and costs savings resulting from no longer having to maintain/update an in-house system
- Guaranteed confidentiality and protection of sensitive data
- Instant access to information via the Internet or intranet
You will no longer have to perform the following activities:
- Keep payroll and HR records including remuneration, bonuses, deductions, deductible items and absence records
- Calculate monthly wage breakdowns
- Print and distribute individual, confidential payslips
- Annual tax clearing
- Communicate with authorities
- Administer and update an in-house information system
