Payroll Outsourcing to the Philippines

Payroll processors are adept at the following responsibilities:

• Collecting the time data and payroll information for companies.
• Reviewing, analyzing and updating payroll forms and reports for accuracy and making necessary adjustments or corrections to resolve payroll discrepancies.
• Processing payroll distribution, direct deposit, and retro-expenditure transfers.
• Setting and reconciling payroll deductions, and preparing reports.
• Filling out spreadsheets and using administrative software to make sure employees are paid for the hours that they work.
• Providing payroll information by answering questions and requests.
• Maintaining employee confidence and protects payroll operations by keeping information confidential.

You’ll be pleased to hear that the Philippines is a thriving hub for finance process outsourcing. Each year, there are 203,000 graduates of business and finance-related courses, which means there are plenty of qualified candidates ready to make your payroll system run smoothly.

Payroll processing qualifications and experience

All MicroSourcing payroll processors are university graduates and have proficient English language competency skills.
Payroll processors are usually graduates of one of the following university courses:

• Business Administration

• Banking and Finance

• Human Resources Management.
  
  

Experience varies as follows:

• Junior – less than 1 year of relevant payroll experience.

• Intermediate – 1-3 years of relevant payroll experience.

• Senior – 3+ years of relevant payroll experience.

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Payroll processing tools

Your business may be using one of several common payroll systems, or you might use a custom-built system. Either way, the functions incorporated in any system are similar, and all qualified payroll processors will know how to use the standard systems. So processing your payroll services in the Philippines is generally pretty straightforward.
BPO and multi-national companies may use the following common payroll systems:

MYOB and Xero are common for Australian BPO clients; they’re very similar to the systems listed above, and as a result, payroll staff find it easy to learn MYOB and Xero.

An experienced payroll processor can easily adapt to any systems with proper training, usually just a brief learning session on how to use the system.