Wages and salaries are a people business
Wage and payroll accounting consists of many individual components, such as compensation arrangements, employment benefits, stock options, social security, company pensions, and professional associations. The entire process must be timely and accurate, and the constant changes in payroll tax, social security, and labour laws regulations must be observed.
How you benefit
A solid wage and payroll system is essential for keeping employees happy. It must satisfy privacy requirements and provide information for management, and it needs to avoid additional payment risks from social security contributions and taxes.
Our wage and salary services can be customized to fit corporate, personnel, and industry-specific characteristics. Upon request, we also offer related services such as payment transactions and travel expense deductions.
For many companies it does not make financial sense to set up an entire department and employ the required expertise to keep things running. That is where LM can step in to help.