We provide tailored payroll outsourcing services to companies in Malaysia. Our payroll specialists are well-trained and equipped with the most advanced payroll systems to process even the most complex payroll account.
Our Payroll Services Include
Employer Registration
Register company with relevant authorities, including IRB, EPF, SOCSO, EIS, HRDF, PTPTN and etc
Payroll Processing
Process payroll monthly/weekly, issue payslips and prepare direct credit of salary.
Statutory Submission
EPF, SOCSO, EIS Tax, HDRF, PTPTN, Zakat calculation and submission
New Hires or Terminations
Prepare and notify statutory departments of new hires as well as tax clearance submission
Year-End Processing
Submission of employer annual return of remuneration (Form E) and issuance of Form EA for personal tax filings
Employee Registration
Application for individual income tax file number, EPF and SOCSO membership
With our experienced and professional team of experts, we can take on all your payroll & HR problems with no initial investment and at the same time reduce overheads of your payroll department. We process your monthly payroll off-site and provide payroll, statutory, journal and customized reports based on your requirements.
Examples payroll reports are:
- Payslips (employees can access payslips through an ESS portal or receive password protected payslip through e-mail)
- Payroll Detail and Summary (in grouping by cost center, department or category)
- Salary crediting report (bank transfer, cash, cheque or FTT payments)
- EPF Form A and EPF Text Files for Online Payment
- Socso Forms and SOCSO Text Files for Online Payment
- EIS Forms and EIS Text Files for Online Payment
- Malaysia Income Tax Forms CP39, CP22, CP22A, CP21, CP8A (EA Form), PCBII, CP8D (Form E) and PCB Audit Text Files
- HRDF Listing and Payment Forms
- ZAKAT Listing and Payment Forms
- PTPTN Listing and Payment Text Files
- Amanah Saham Bumiputera Listing and Payment Text Files
- Lembaga Tabung Haji Listing
- Payroll Journal
- EA and E Forms
- Adhoc reports as and when required
- and many more…
The Benefits of Payroll Outsourcing
- Your company can benefit from substantial cost savings of up to 70%. This means you can achieve cost reductions as well as cost-effectiveness
- Enhanced business productivity as outsourcing payroll frees the company from non-income generating tasks
- All payroll related tasks will be processed with the latest payroll software and technology
- You would not have to deal with the hassles of payroll staff turnover, where you would have had to re-hire and re-train a new employee to handle your payroll
- Your payroll needs will be attended by our team of highly specialized payroll professionals with in-depth knowledge of Malaysia’s payroll and statutory requirements
- With our direct debit service, you can offer your employees a convenient direct electronic deposit of their payroll into their bank accounts. This service eliminates the need for time-consuming trips to the bank
- With our statutory and compliance-related notification services, you will be kept informed and updated in a timely manner so that you would not miss any deadline for document submission
- We treat all companies’ private information with utmost confidentiality. We also implement security measures to protect your sensitive data and to prevent any data breach
- Expect fast, efficient and cost-effective services from CentralHR, as well as peace of mind when it comes to payroll
Software-enabled Payroll Management
CentralHR outsourced payroll offering is like none other in the market. We’ve brought together our sophisticated web-based employee management and payroll software with a highly experienced payroll team with decades of experience. Our managed payroll service customers benefit from having their HR, employee self service, leave, claims, time and attendance and payroll functions all on one, end-to-end system.
Employee Satisfaction
Providing employees with self-service access to their payroll information can help improve satisfaction and engagement. Employees can view their salary slips, update their personal information, and apply leaves, submit claims or other benefits, all from a single platform. This can help improve communication and trust between employees and their employers.
Scalability
As organizations grow and expand, their payroll needs can become more complex. Software-enabled payroll outsourcing services can scale with organizations, providing support for multiple companies, locations, currencies, and other factors that can impact payroll management.
Frequently Asked Questions (FAQs)
How does payroll outsourcing work?
Payroll outsourcing involves delegating payroll management responsibilities to an external service provider. The process begins with an initial consultation to understand the business's needs and set up the working relationship. The provider collects employee data, calculates wages, and processes payroll, including generating paychecks or facilitating direct deposits. They handle tax calculations, reporting, and payments, ensuring compliance with regulations. Employee self-service portals are provided for accessing pay stubs and tax forms, while recordkeeping is maintained by the provider. Ongoing support and communication channels are established to address any payroll-related queries or updates.
How much does it cost to outsource payroll?
The cost of payroll outsourcing services can vary based on factors such as the scope of the service, and the specific requirements of the business. Pricing is usually calculated per employee per month and may include additional fees for implementation and data migration. Get in touch with us for more information regarding pricing.
