Customer Payroll Challenge:
This client was establishing their European office in Ireland and needed assistance with getting their payroll completed. Running their HR function from overseas was particularly challenging so it was imperative to have a partner who could explain the obligations and entitlements required within the payroll function. In line with their other operations and the sector in which they operated, they needed to ensure their payroll was confidential, secure and compliant.
Paycheck Plus discussed the employee profile and the benefits packages offered by the company to get an understanding of the requirements. They helped the HR Department structure the payroll in a way that would be most cost effective for the company and for the employees. Particular detail was given to the provision of additional benefits such as private healthcare, travel passes, company cars, travel expenses and Pension contributions.
Paycheck Plus met with the HR Manager and a group of senior managers from the Irish operation to outline how the payroll function would operate and later met with those responsible for the authorisation of the payroll to explain the various items that needed to be provided and reviewed on a periodic basis. They provided a workshop on the basics of payroll to help the team understand the calculation of PAYE and in particular the operation of the Cumulative Basis. They also explained the reasoning behind many of the decisions made about travel expenses and car allowances.
As the business expanded, Paycheck Plus continually revised the templates and reports to reflect the changing needs of the business. They continually made recommendations and suggestions to improve the payroll operation through the various growth stages.
The partnership approach adopted by Paycheck Plus was particularly valuable to this company who had so much to focus on in their rapidly growing marketplace so they were very appreciative of the added value that the team at Paycheck Plus could provide them on their journey.
As specialist payroll providers, Paycheck Plus offer more than processing. They utilise their expertise and continuous training for the benefit of their clients ensuring that their payroll will meet the most stringent audits. Their experience in the multi-national company sector make their contribution a very valuable asset to any company establishing in Ireland. For more information on our Fully Managed Payroll Services talk to us today.