http://www.payrollhero.ph - Evaluating the Costs involved with Payroll in the Philippines. Check out PayrollHero for your Philippine payroll needs.

1. Evaluating the cost involved
with Payroll
Acquire a biometric system
≈ ₱ 18,000 - ₱ 25,000
Create your own HR team
≈ ₱ 50,000-300,000 / year
Hire an accountant/benefits manager to
compute your payroll & benefits
≈ ₱ 20,000-60,000 / Month
Buy an HRIS software system
≈ ₱ 75,000
Acquire training support for your HRIS
software system
≈ ₱ 10,000 / User
Buy a server for your HRIS software system
≈ ₱ 50,000
Buy workstations for your HR staff
≈ ₱ 25,000 / Workstation
Acquire IT troubleshooting & support
≈ ₱ 20,000 / Month
Allocate office space for your
HR department
≈ ₱ 15,000-50,000 / Month
≈ is the Estimation Cost
Cost of an employee who is 5 minutes late
and leaves 4 minutes early every day :
9 minutes x 260 days
in a working year
=
Total of 39 hours
This undeserved paid time really adds up
when multiplied by the number of employees
you have that get away with this.
How much is buddy
punching costing you?
Cost of
Errors
What would be the repercussions
if your payroll records for a few
days, weeks, or months data
were destroyed or lost in an
accident?
Is someone on your team
checking every change that
DOLE releases on payroll
specifics on a continual basis?
How confident are you that
you’re government compliant?
What is the cost associated for the
hours it takes your HR team
counting and processing manually
made excel timesheets?
How much could be saved
eliminating this?
How long does it take to resolve
missing punch cards or errors in
time data?
How much time is required to
create and maintain your
employees schedule that is hand
written and checked by
employees? How do employees
see the frequent changes?
How much time is allocated to
filling monthly government
remittance forms of employees and
bank details for payslips?
ELIMINATE THE COSTS
PayrollHero ensures none of these errors cost
your company time and money. Everything listed
above is done under your paid plan at a fraction
of the cost. Total annual cost estimation for
completing all payroll functions without our
service can range between P400,000 to
900,000 a year for companies of smaller
size. P1,000,000-4,000,000 a year for
companies of bigger size.
Better Insight, Better Decisions
An employee that makes P80/hour who
is late only 1 hr a week times 50 weeks
that gets away with it = P4,000 a year
or P334 a month per employee