China Payroll Management
China payroll management service is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons.
In an increasingly competitive market for skilled labor, foreign-invested companies are restructuring their salary packages as a means of hiring and retaining quality staff. For this article, we outline the fundamental components of salary in China and introduce some of the structures being used by companies to increase retention and motivation levels in their staff. We also introduce the relatively new concept of outsourcing of payroll management services in China – a business that is becoming more popular as the operations of foreign invested enterprises in China become more diversified and complex.
China Payroll Management-Tannet’s payroll service in China
Tannet’s payroll service in China provides you with the ability to manage every key aspect of payroll– from payroll processing, salary payment to individual income tax deduction.
China Payroll Management-Payroll Processing
1.Manage multiple pay groups and pay schedules for clients’ various business entities
2.Calculate gross and net pay, individual income tax, and social benefits
3.Perform quality control check – itemized payroll processing
4.Submit itemized payroll reports for clients’ confirmation
China Payroll Management-Salary Payment
1.Deliver printed, online, or mobile phone pay slips for employees
2.Transfer net pay electronically to employees’ bank accounts
China Payroll Management-Individual Income Tax Administration
1.Deduct and pay individual income tax to designated government agencies for employees
2.Handle individual income tax filings in compliance with government regulations
China Payroll Management-Management Reports
Tannet provides standard management reports that comply with local labor laws and regulations – and help employers to better manage their payroll-related business functions.
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net or www.companies-registry.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422 or 86-755-82143181 or emailing to email@example.com.
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