Payroll Middle East offers payroll and HR solutions that can help in improving efficiency and efficacy of traditionally time-consuming, complex tasks for businesses in Oman. Outsourcing administrative tasks such as payroll and HR functions can help businesses in reducing costs, minimizing administrative burdens, improve organizational effectiveness, maintain information confidentiality, and manage potential employer-related risks.
Staying compliant with Oman’s payroll regulations
Companies that are operating in Oman have to be registered to the Wage Protection System of Oman, introduced by the Oman Central Bank and Ministry of Manpower. In accordance with Article 53 of Omani Labor Law, an employer in the country has to pay the salary of an employee through Omani banks in Omani Rial, the local currency. Any short or late payments will require valid justifications to be submitted to regulatory bodies.
Compliance with the WPS rules of Oman require a specialized payroll team, which is very costly to support and implement. By outsourcing your payroll processes to the firm, payroll calculations are completed on your behalf, as well as report filings, in compliance with local regulations.
Our Payroll Services In Oman
Our payroll services in Oman include:
- Preparation of withholding and income certificates;
- Set up and customization of a payroll system as per the requirements of the business;
- Calculate deductions for employees;
- Calculate and accrue all legal benefits;
- Process pay statements;
- Manage journal entries on the payroll;
- Generate business and compliance reporting;
- Administer the distribution of company payroll funds;
- Administration of vacation, sick, and maternity leave
- Develop and analyze reports and queries;
- Maintain and update payroll records
- Manage benefit/reward schemes and policies;
- Fulfill local legal requirements and specifications mandated by regulatory bodies;
- Manage, control, and coordinate benefits vendor;
- Provide support in clarifying and explaining procedures and benefits
- Provide support desk in answering employee queries;
- Offer administrative support on the maintenance of the files of employees;
- Integrate HR data in generating customized management reports;
- Timekeeping administration including the management of hours employees put in, and control of hour bank of employees
Payroll Middle East has worked with a significant number of clients throughout Oman that are completely satisfied with the payroll services and HR solutions of the firm. Our specialized team also practices Payroll Middle East’s confidentiality policy which restricts the team from sharing sensitive data and information of company employees with third parties.
Payroll services in Oman: Benefits
Here are the benefits that clients reap when working with our payroll specialists based locally:
Many business owners in Oman fear that outsourcing implies that they will lose control on company payroll. On the contrary, managed payroll services actually provide businesses control over the engagements that are defined in service contracts. Our team allows clients in selecting the exact functions that they plan on handing over, as well as the functions that they want to keep on performing in-house, as necessary.
At Payroll Middle East, we see to it that we provide flexible and scalable payroll and HR solutions. You will be able to detail exactly what you want us to perform and we make sure it’s done accordingly, without involving you of unproductive tasks.
With payroll processing, the numbers and calculations have to be done right or you will get fines and penalties with regulators and let down staff members. However, with a multitude of time sheets of different employees, varying pay scales, different coverage and benefits, and voluntary withholdings, it’s tricky for businesses to get it done correctly.
When you outsource your company’s payroll and HR functions to us, you are assured accuracy and your workers are paid promptly and correctly, every single time. Your employees won’t lose trust of the company management, which usually happens when overtime pay is not included in computations or when hours are calculated incorrectly.
Regulations that affect company payroll and HR functions can be nuanced, not to mention complex. By choosing to partner with our payroll specialists, you gain access to their expertise in government regulations, legislation, security, and privacy in mitigating risks. It is especially valuable for small to medium-sized businesses, which have limited expertise in-house on the payroll.
Payroll Middle East provides services in a secure, accurate, confidential, and efficient manner. This means you can rest assured that your business remains compliant with regulations. We also help you make sure your payroll records are secured from risks of fraud and payroll theft.
When your Human Resources department is not spending valuable time on the maintenance of payroll systems, then your business will save time and spend the resources instead on important activities that contribute to your growth by outsourcing payroll processing. Rather than spending time on researching legislature, double-checking numbers, and manual data entry, you can focus resources of your business on critical activities, especially those that increase productivity and efficiency and optimize your labor force to better meet the needs of your customers and reach your corporate goals.
Payroll processing has to be managed strategically to ensure the success of business operations. It is not a core business function, however, and as such, utilizing the experience and expertise of our team of payroll specialists becomes highly beneficial.
Payroll Middle East has been providing payroll and HR solutions in Oman through our dedicated and experienced payroll team. The firm provides end-to-end payroll services in Oman from the preparation of payroll and generating pay slips to communicating with employees and calculating end of service benefits. Call us today to discuss your specific needs and requirements with our team!