Outsourcing or Outsourcing (also called subcontracting) is aninnovative management technique, which consists of the transfer to thirdparties of certain complementary processes that are not part of the main line of business, allowing the concentration of efforts on essential activities in order to obtain competitiveness and tangible results.
The word Outsourcing has itsorigin in English (United States). It is a word made up of out that indicatesoutside or external, source whose meaning is source or origin, plus the use of the suffix –ing that suggests a continuous action. Its concept suggests the continued action of searching for an external source.
Something more detailed aboutthe Service
· Creation of your new employees.
· Settle the payroll of its employees under theform of a fixed, flexible or variable payment
· Generation of flat file for payment in bankaccount by magnetic means.
· Payment of partial social benefits (severancepay and interest on severance pay)
· Upload news through flat files.
· Payment of definitive social benefits (vacationsand retirements)
· Generation of income and withholdingcertifications.
· Payment of par fiscal contributions and socialsecurity.
· Semiannual calculation of withholding tax forprocedures one and two.
· Monthly calculation of withholding at source
· Generation of payment vouchers.
· Standard payroll and other reports.
· Management and updating of records (layoffs,penalties, vacations, licenses and disabilities).
· Generation of consolidated vacation and severancepay and interest on a monthly basis or in the period required.
· Generation of payroll accounting according tothe structure of the accounting software required by the client.
· Advice on labor, tax and accounting matters,supporting payroll settlement activities.
· Evaluation of quality processes of our servicein search of continuous improvement.
· Audit processes for each paid Payroll services in UAE.
What are the Advantages of theOutsourcing Service?
· Achieve effectiveness by focusing on what thecompany does best.
· Increase flexibility to achieve change accordingto business conditions, demand for products and / or services and technology.
· Improve organizational performance throughhigher productivity, better quality, more reliable and on-time deliveries,faster time cycles, improved resource utilization, higher availability, and higher performance.
· Transfer the cost of employees (including thebenefits that are granted by law) and management expenses to the supplier.
· Convert fixed costs into variable costs.
· Reduce investments in equipment, inventories,personnel, among others, to use those resources for other purposes.
· Gain access to the market and businessopportunities through the supplier network.
· Expand operations during periods when suchexpansion could not be financed.
· Receive innovative ideas to improve thebusiness, products, services, among others.
· Improve credibility and corporate image throughlarge supplier association.
