NNRoad provides all encompassing solutions including employees management, benefits administration, employment leasing, employee outsourcing services, tax and bookkeeping, and regulatory compliance giving you the opportunity to focus on your business goals. We are not providing you with just one HR expert; you are getting a team of professionals who are experts in legal and administrative competencies.
We know that starting a new office in a foreign jurisdiction complying with local laws and regulations is not an easy task and hiring an employee without having a legal entity or sometimes with representative offices is not possible. Nevertheless, there is an alternative solution for such organizations by using NNRoad’s Global Employment Solutions / Employee Leasing, also known as Professional Employer Organization (PEO). This is the solution for the companies seeking to outsource the employment of their employee in a particular country. At NNRoad, we provide such professional employment solutions to our clients worldwide.
This professional employment solutions allows the multinationals to hire an employee legally even if the company has no legal entity or have representative offices in a particular country. NNRoad Inc provides global employment solutions, such as employee benefits, payroll and workers’ compensation and recruitment, therefore, becoming their employer of record, however, the client remains responsible for employee’s day to day management. This means that multinationals need not have to set up an office in that particular country as NNRoad becomes the in-country employer for that employee.
If this process looks intricate and challenging, there is actually much more to that! It is not only complicated but also a resource-draining process. Companies need a robust and a matured payroll team to manage the payroll process. What makes this process more complex, that it involves construing the local laws and regulations of the country. It may also involve calculation of individual employee income tax and other wage garnishments for the employee like bonus, allowances, perks etc. This is exactly the reason why companies prefer outsourcing payroll processing to an experienced payroll company.
Small business payroll processing refers to the process performed by companies to pay its employees, mostly on a set date every month. This is a very complex and a sensitive process as it deals with the salaries of the employees. The process cannot be performed hastily as the consequences can be grave due to employee dissatisfaction and can even result in penalties for the paymaster.
The typical process of payroll involves the following steps:
We know that starting a new office in a foreign jurisdiction complying with local laws and regulations is not an easy task and hiring an employee without having a legal entity or sometimes with representative offices is not possible. Nevertheless, there is an alternative solution for such organizations by using NNRoad’s Global Employment Solutions / Employee Leasing, also known as Professional Employer Organization (PEO). This is the solution for the companies seeking to outsource the employment of their employee in a particular country. At NNRoad, we provide such professional employment solutions to our clients worldwide.
This professional employment solutions allows the multinationals to hire an employee legally even if the company has no legal entity or have representative offices in a particular country. NNRoad Inc provides global employment solutions, such as employee benefits, payroll and workers’ compensation and recruitment, therefore, becoming their employer of record, however, the client remains responsible for employee’s day to day management. This means that multinationals need not have to set up an office in that particular country as NNRoad becomes the in-country employer for that employee.
If this process looks intricate and challenging, there is actually much more to that! It is not only complicated but also a resource-draining process. Companies need a robust and a matured payroll team to manage the payroll process. What makes this process more complex, that it involves construing the local laws and regulations of the country. It may also involve calculation of individual employee income tax and other wage garnishments for the employee like bonus, allowances, perks etc. This is exactly the reason why companies prefer outsourcing payroll processing to an experienced payroll company.
Small business payroll processing refers to the process performed by companies to pay its employees, mostly on a set date every month. This is a very complex and a sensitive process as it deals with the salaries of the employees. The process cannot be performed hastily as the consequences can be grave due to employee dissatisfaction and can even result in penalties for the paymaster.
The typical process of payroll involves the following steps:
- Gather the payroll information from employee timesheets for each pay period
- Salary and perks Calculation
- Deduction Computation
- Salary Disbursement
- Employee Payslip Disbursement
- Record-keeping
