Payroll Outsourcing Management (POM) refers to the practice of hiring an external provider to handle all payroll-related activities in a company.
This approach simplifies the payroll process and enables businesses to concentrate on revenue-generating activities.
By collaborating with an external firm, businesses can avoid the need to hire and train an in-house payroll staff, purchase payroll software, and stay current on complex tax regulations.
POM is especially advantageous for multi-country organizations looking for a payroll provider’s regional and country-specific expertise to manage their payroll.
AYP provides award-winning POM solution for companies looking to streamline their APAC payroll. Talk to our HR experts about it here.