Product Feature: Payroll Processing
by Carmen P. Hidalgo

 

The John Clements Staffbuilders Asia Division now offers payroll processing! “We’ve actually been offering payroll processing as part of our full-cycle services for 31 years,” says Rita Estella, Vice President and Managing Director of the Staffbuilders Asia Division, “But last year, due to popular demand from our clients, we decided to start offering payroll processing as a separate service.”

Why outsource your payroll processing to John Clements?

1. You save money.

When John Clements processes your payroll, we provide the people, services, and equipment. The alternative—hiring accountants, timekeepers, and clerks—would come out vastly more expensive in the long run. Says Rita Estella, “When you hire an accountant, you aren’t just paying his/her monthly salary. Aside from initial pay, you have to provide all the benefits and incentives you give all employees. On top of that, you are paying people to regularly monitor his/her performance. By the time that accountant retires, you will have spent a small fortune on him/her.”

By hiring John Clements to do your payroll, you are, in effect, sharing resources with other companies. The Outsourcing Institute of America estimates that companies that outsource HR and payroll functions experience cost savings of at least 9%.

2. You save time.

It is estimated that most businesses spend approximately 35-45% of their administration’s time on HR tasks. Outsourcing payroll reduces the administration functions of a company, allowing it to focus its manpower on core business activities. Aside from man hour computation and payroll scheduling, John Clements takes care of all reportorial requirements (SSS, Philhealth, Pag-Ibig, withholding taxes) as well as annual reportorial requirements (W2s).

“When we process payroll for clients,” says Ms. Estella, “all they have to do is receive and read the reports. The client monitors results, not performance.”

3. You benefit from the “human touch.”

The difference between John Clements and an accounting firm is the flexibility and adaptability that comes with being a Human Resource firm.

Should a client have specific requirements of their payroll processing system, we can tailor the system to those requirements. More often than not, when a company buys off-the-shelf software, it ends up adapting its requirements to the system, instead of the other way around. John Clements has an entire computer center with programmers who can customize the system according to a client’s needs.

As a Human Resource firm, John Clements is also more sensitive to personnel issues. “For example,” elaborates Ms. Estella, “if an employee fails to submit his/her timesheet by the deadline, the employee normally has to wait for the next payday to receive his salary. We realize that this will demoralize the employee and affect his/her performance, and we understand that he/she might not be able to come in to work due to lack of funds. We don’t, however, hold up the processing of other employees’ payroll. We go ahead with the process, and we do a separate manual computation for the late employee.”

She concludes, “It’s really about how far you can flex your processes.” At John Clements, the client sets the limit.

 



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