Outsource Your Payroll with Trusted Third-Party Solutions
Simplify your payroll management by partnering with our expert third-party services. We handle the complexities so you can focus on your business growth.
Services Offered:
- Complete Payroll Outsourcing: We take care of all payroll functions, from calculation to distribution, allowing you to focus on your core business.
- Tax Compliance & Filing: We ensure that all taxes are calculated and filed correctly, in compliance with the latest tax regulations.
- Employee Payment Solutions: Fast and secure payment options, including direct deposit and electronic pay stubs.
- Accurate Record Keeping: We maintain precise payroll records, making it easy to generate reports and stay compliant.
- Custom Payroll Reports: Tailored reports that give you insight into payroll costs, deductions, and more for better financial management.
Third-Party Payroll all over Bangladesh | Corporate.com
Corporate.com provides the necessary services for third-party payroll management in Bangladesh. By partnering with us, you can receive the required core services from employees without assuming the associated risks and responsibilities of direct employment.
Our third-party payroll services are designed to mitigate risks and deliver the best possible results. Our scope of work includes an end-to-end employee transfer approach, orientation, acclimatization, integration, HR management, training, and payroll solutions, with a focus on continuous improvement. With Corporate.com‘s third-party payroll services, you can onboard resources without the added pressure and compliance requirements of including them in your own payroll system. Furthermore, employees transferred under our service receive the same benefits as those working directly on your payroll, while being encouraged to pursue career development through the multiple job market opportunities we are engaged with.
Third-Party Payroll in Bangladesh, Employee Outsourcing to Corporate.com
Below is a step-by-step process through which Corporate.com provides Third-Party Payroll Services in Bangladesh:
Our payroll software also tracks employee attendance in real-time, offering valuable insights to enhance both your business and HR management.
In addition to payroll management, you’ll also benefit from our related services, such as taxation, accounting, and other compliance-related tasks.
With Corporate.com, you ensure smooth payroll processing, compliance with regulations, and better employee satisfaction—allowing you to focus on the growth and innovation of your business.
Step 1: Agreement for Employee Transfer
Under Corporate.com‘s third-party payroll services, you will enter an agreement where we assume responsibilities for the employee’s withholding tax, payment duties, reporting responsibilities, and more, while the employee continues to provide services to you.
Step 2: Rebadging and Communication
The rebadging phase ensures a smooth transition of employees to Corporate.com. This includes the following steps:
- Resource Evaluations (Due Diligence): We assess each existing resource in collaboration with you to evaluate its importance for supporting the end client.
- Initial Notification: We notify employees about the transition via email or a group meeting/conference call.
- Secondary Communication: After the initial notification, we reach out to employees to open a dialogue, establish points of contact, and communicate the next steps.
- Group Meeting/Conference Call: A group meeting or conference call is conducted to reinforce messages and explain transition timelines and goals.
- Individual Meetings/Calls: Within 24 hours of the group call, we hold individual meetings to answer questions, discuss career goals, and provide an orientation package.
- Hiring/Job Offers: We offer employment positions with Corporate.com on the same day as the individual meeting, followed by a formal offer letter.
Step 3: Risk Mitigation Phase
Corporate.com implements a risk management strategy to identify and address potential HR risks during the resource transition. We evaluate common risks such as:
- Delay in transition
- Employee attrition
- Compensation concerns
- Employment stability doubts
- Career growth issues
- Legal agreements
- Branding and employee engagement concerns
Step 4: Recruiting Process – Hiring and Deployment
Our recruitment process involves:
- First-level screening by our recruitment team.
- Internal evaluation by our technical team.
- Resource evaluation with the client’s team.
- Final selection and feedback from the client’s project team.
- Documentation and due diligence by our HR team.
- Offer extension and deployment.
- Resource signs employment documents.
Step 5: Sourcing Plan
Our sourcing plan includes:
- Identifying a technical evaluation panel.
- Leveraging strong employee referrals and local job portals.
- Assessing internal resource pools and collaborating with external recruiting partners.
- Sourcing resumes from local training institutes.
Step 6: Back-Up Plan
To mitigate any potential resource shortages, Corporate.com keeps pre-evaluated backup candidates ready for deployment in case of attrition. Additionally, we ensure smooth operations by having backup resources available for deployment after 6 months if needed.
HR Management – Post Transition (Continuous Improvement Program)
After the transition, Corporate.com ensures smooth operations and employee satisfaction by:
- Setting up an HR help desk for employee support
- Offering quarterly performance rewards and Bravo Awards (cash rewards and appreciation certificates)
- Providing training portals for upskilling employees
- Reviewing leave policies and offering flexibility where possible
- Conducting team-building activities and celebrating local festivals
- Evaluating performance gaps and recommending appropriate training programs
- Offering insurance help desks for employee convenience
Other Services Under Third-Party Employee Outsourcing
In addition to third-party payroll, Corporate.com offers employee outsourcing services for various roles, including accounts, auditing, legal, IT, and more. We source competent personnel from our legal and HR outsourcing partners, ensuring the best talent for your business.