Dezan Shira & Associates handles payroll processing in China on behalf of our clients. Each month we receive information from our clients’ HR department about their employees; including new hires, terminations, salary increases, overtime, bonuses and allowances etc. We process this information within our system to produce a range of reports and files for both the employee and employer. These include payslips, bank transfer files to allow automated payment processing, forms for declaration of individual income tax, cost centre reports for internal analysis and general ledger reports for upload into corporate financial systems. The service can be tailored depending on the requirements of the client.
Outsourcing of payroll duties ensures accurate, reliable processing and improves confidentiality as fewer people within the company are involved in the process. It also assists locally due the complexities of China’s recently implemented labor contract law. The law states that employees can resign and claim compensation as if they had been terminated if the company fails to pay the full amount of salary / mandatory benefits to employees in a timely manner. In this environment it is both safer and more efficient to outsource payroll processing, reducing back office staff and allowing managers to concentrate on core operational functions.
To enquire about our Payroll Services please email us at payroll@dezshira.com
