PAYROLL MANAGEMENT

A layman would view payroll as merely a processing function. However, Equatorial Management Consultants Ltd views payroll as an integral part of any organization. From where we are standing, “payroll department is not only responsible for employees’ salary & remuneration, but also responsible for protecting the company’s reputation by ensuring compliance with various employment & tax legislations”.

In simple terms, “payroll affects every aspect of an organization from the reputation of the company right down to the morale of employees”. With this in mind, we manage our clients’ payrolls with dignity and integrity. Our payroll software is constantly upgraded to enable efficiency and to beat all the stresses that come along with payroll management. “This makes us to be your trusted and preferred partner in payroll management and or administration”.

In payroll management, we take over the responsibility of monthly payroll preparation from our clients. All the client is required to do is to monitor the variables that determine the monthly payroll such as absence, overtime, mid-month advances, leave pay, salary increases, terminations, new employees etc and prepare monthly reports on the same. We agree with the client on the suitable cut-off date on which the client will be submitting to our office those reports for timely payroll preparation.

We will then e-mail the payroll to the authorized company officer to check and approve before releasing payment. Payment can then be done by the client or the client would deposit the amount to our Bank Account and we then do transfers to employees' individual bank accounts. The arrangement will depend with what is convenient with each individual client.