Payroll & compensation
The payroll services provided by GOT YOUR BACK support the client in both payroll, HR and administration of incentive programs. Each client has their own unique set up depending on their needs and requirements which are established in the startup phase together with the client.
Sample services
- Monthly payroll, including monthly reports
- Pension and insurance administration
- Administration of extra ordinary benefits
- Payroll and HR administrative support
- Other payroll related payments
- PAYE return representative and monthly statutory reporting
- Employee certificates
- Applications for special income tax for foreign residents
- Coordination of working and resident permits
In relation to incentive programs, administrative services may include
- Maintaining accurate records of employee performance metrics
- Tracking progress towards goals and milestones
- Managing participant information and eligibility criteria
- Calculation of incentive payouts based on predetermined formulas or criteria
- Processing and distributing rewards
- Communicating program details, updates, and changes to participants
- Generating regular reports on program performance and participation rates
- Providing updates to management on the program's effectiveness
- Accounting of and maintaining proper documentation of incentive plans and payouts
- Ensuring adherence to compensation and or tax regulations as per third party tax or compliance advice