Payroll Process and Management

Payroll Process and Management in UAE

A company gains its strength from its employees. Hence, employee welfare and management is an integral part of running any successful business. Therefore, Payroll Process and Management is a critical component that will decide just how loyal and efficient your employees remain. Read on to find out more about the need for Payroll Process and Management, and how KGRN can help you build a successful and prosperous company. To know more on the principles of the module system.

What is Payroll Process and Management?

Payroll Process and Management refers to the arrangement of dealing with the wages and pay of employees in a company. It is one of the most significant segments of the Human Resources (HR) division, and accordingly, makes up a fundamental and integral piece of every company. With regards to payroll services in Dubai, consistency, and precision are significant features that most businesses want to incorporate within their structure. Employees hope to get their pay conveniently every dispensing cycle. The absence of which, generally, leads to employee disappointment, and lack of efficiency in the long run.
For enquiries, call +971 45 570 204 / E-mail: [email protected]

Benefits of Payroll Process and Management in the UAE:

1. Since not every company can afford an in-house team, outsourcing can help reduce high administrative costs.
2. You end up paying only for the services you take up, helping to minimize exorbitant expenses.
3. Outsourcing it to experts helps in making the entire process more efficient and streamlined.
4. Minimize errors and reduce payment issues by entrusting such functions with experienced firms.
5. You receive guidance and help regarding a variety of methods, such as Contract drafting, restorative protection, holidays and leaves and production schedule.
6. You don’t have to worry about the hiring and training of staff to complete processes manually.
7. There is a centralized control system in place that helps improve internal communication.

For enquiries, call +971 45 570 204 / E-mail: [email protected]

Steps Involved in Creating Payroll Process and Management in the UAE:

While the actual calculation of the payroll may vary from one organization to another, the necessary steps involved in setting up an efficient payroll system remain the same. Here’s a look at the steps involved in maintaining and establishing an efficient payroll processing system.

1. Collect, Record, and Maintain employee master files containing the necessary details regarding the employees.
2. Monitor and analyze the cash advances paid to employees.
3. Accurately calculate the gross wage of every employee who is a part of your organization.
4. Next, calculate the overtime pay and other such payments that you owe your employees.
5. Add any additional allowances that you are expected to pay your employees as per UAE laws and regulations.
6. Calculate all the required deductions to be applied, including absences, fines and violations.
7. Maintain payroll records, and update them regularly to ensure they remain up-to-date and relevant.
8. Next, make the final pay slips and salary statements for each employee to update the payroll records.
9. Make a WPS sif file or salary transfer file as per the format defined by the Ministry of Labour and submit them.
   For enquiries, call +971 45 570 204 / E-mail: [email protected]

KGRN Payroll Process and Management Services in the UAE:

KGRN can help you with the following Payroll Processing services in the UAE:

1. Setting up and maintenance of the Wage Protection System (WPS)
2. Processing of pay rates, including fixed compensation, bonuses, rewards, allowances, and so on.
3. Processing of cost claims repayments
4. Generation of payslips, bank move letters, and compensation declarations
5. Maintenance of Payroll information identified with employees
6. Leave the board for occasions, paid leaves, absences, and so on.
7. Drafting of offer letters
8. Calculation of statutory tip instalments according to the UAE work law
9. Calculation of full and last (F&F) settlement in the event of end or renunciation of an employee
10. Maintenance of Payroll information (working days, leaves, occasions, and so on.) of every employee in an information base

For enquiries, call +971 45 570 204 / E-mail: [email protected]

KGRN Payroll Process and Management Services Branches in the UAE:

Payroll Process and Management in Dubai:

As one of the foremost Payroll Process and Management service providers in Dubai, we offer services to all types of businesses (construction, advertising, banks, offshore companies) controlled by the Dubai Economic Department. We provide services all over Dubai including the free zones like Jebel Ali Free Zone (JAFZA), Dubai Knowledge Village, Dubai World Central, Dubai Airport Free Zone (DAFZA), Jumeirah Lakes Towers (JLT), Dubai Silicon Oasis (DSO), Dubai Multi Commodities Center (DMCC), TECOM, Media City, and the Dubai Internet City.

Payroll Process and Management in Abu Dhabi:

Abu Dhabi is the capital of the UAE and attracts business owners and investors from all over the world. KGRN also provides Payroll Process and Management services across Abu Dhabi. We provide Payroll Process and Management services in some free zones of Abu Dhabi like Abu Dhabi airport free zone (ADAC), industrial city of Abu Dhabi (ICAD), Khalifa industrial zone Abu Dhabi (KIZAD), Masdar City, and Twofour54.

Payroll Process and Management in Sharjah:

Sharjah houses thousands of small and mid-size companies and therefore plays a significant role in the UAE’s economy. KGRN has specialized CPAs & CAs who have years of experience in providing Payroll Process and Management services in both the mainland and free zones in Sharjah, like SAIF Zone, Hamriyah Free Zone & Sharjah Media City.

Payroll Process and Management in Fujairah:

KGRN Chartered Accountants provide Payroll Process and Management services not only in Dubai but also in Fujairah. Fujairah mainland, Fujairah creative city, and Fujairah free zones are some of the business zones where KGRN provides Payroll Process and Management services.

Payroll Process and Management in Ajman:

KGRN provides Payroll Process and Management services to every business that needs to know its current financial position. We help you to survey both international and local Payroll Process and Management implementation and support standards. Like other states, KGRN also operates in Ajman to offer you a wide range of Payroll Process and Management Services. We deliver our services in both mainland & free zones in Ajman. Get to know more about the Payroll management process and payroll calculation.
For enquiries, call +971 45 570 204 / E-mail: [email protected]

The Legal Requirements for Payroll Management in Dubai.

It is difficulty to particular legal guidelines and policies in Dubai to assure that personnel are paid correctly and on time whilst keeping compliance with UAE hard work laws. These requirements and regulations follow to payroll administration in Dubai. The following is a listing of a number of the most vital felony requirements for the managing of payroll in Dubai:

Wage Protection System (WPS):

The Wage Protection System (WPS) is needed for use in the course of Dubai in order to assure that employees might be paid on time and with out incident.

Employers are required to sign up with the WPS and give correct information regarding worker pay, inclusive of any allowances or deductions that may be relevant.

The frequency of payments:

It is required that wages be paid on a normal basis, preferably once a month, and either electronically or in the form of a bodily test.

Time-Off Requests and Leaves:

According to the UAE Labor Law, any extra hours worked need to bring about the payment of overtime prices.

There are several distinct styles of leaves to which personnel are entitled, inclusive of every year go away, ill leave, and maternity leave; each form of go away carries with it a completely unique set of price necessities.

Benefits (Gratuity) for Termination of Service:

End-of-service benefits, that are frequently generally known as gratuity, are some thing that employers in Dubai are legally required to offer to employees who’ve completed three hundred and sixty five days of non-stop carrier.

The amount of the gratuity is determined by means of the worker’s most recent hourly salary similarly to the wide variety of years of provider.

Social Security (Provident Fund):

On behalf in their team of workers participants, employers are obligated to make bills right into a social protection fund referred to as the Employee’s Provident Fund. In the case of an worker’s termination, retirement, or death, this fund is intended to offer monetary safety to the worker’s dependents.

Paying Taxes and Claiming Deductions:

There isn’t any individual profits tax in Dubai or the United Arab Emirates as a whole, as of my maximum latest take a look at in September 2021. Having stated that, that is challenge to alternate; therefore, it’s miles crucial to keep a modern-day knowledge of tax regulation.

Contributions to the Employees’ Provident Fund and insurance rates are two examples of the varieties of deductions that is probably taken out of an employee’s paycheck. The employment contract may additionally consist of other deductions.

Employment Agreements:

Every worker is entitled to obtain a written employment contract from their agency, which must include the subsequent statistics: activity responsibilities, wages, running hours, and phrases and conditions of employment.

Keeping Track of Records:

At at the least two years, employers are required to hold meticulous statistics of their team of workers participants’ operating hours, paid time off, and other payroll-associated records.

Sanctions for Disobedience encompass the Following:

Employers threat incurring consequences, fines, or even legal motion if they fail to comply with payroll and labor requirements.

Ministry of Human Resources and Emiratisation (MOHRE):

Employers are required to check in with the MOHRE, the authorities corporation in Dubai and the UAE this is in rate of labor and employment problems. The MOHRE presents commands and help as a way to make certain that each one applicable hard work regulations are observed.

Why KGRN?

Our distinctive features, which help us provide you with the best possible service include the following

1. Flexible Payroll strategy setting which is GCC WPS consistent
2. Unlimited Pay Calendars that allow a custom Daily Rate Policy
3. Overtime Management at a client characterized rate with JV CL Confirmation
4. Off-Cycle Payroll that also handles Employee Loans, Leaves and Advances
5. Air Ticket/Leave Passage Management and Gratuity Accruals
6. End of Service Settlement estimations with customized Employee Benefits
7. Payslips to Employees' email along with Payroll Reports

For enquiries, call +971 45 570 204 / E-mail: [email protected]