Pay Network

Pay Network was incorporated in February 2007 by a cream of widely experienced professionals in the field of human resources management as well as new information and communication technologies, including the CEO and the COO. Driven by leaders with a strong entrepreneurial spirit and a 10 year-experience throughout Europe and Africa, Pay Network has dedicated itself to offering the most professional human resources outsourcing services to its customers.

About Human Resources Outsourcing

Outsourcing non-core functions such as human resources is smart management practice. That is why so many companies - large and small, established and emerging - embrace the concept of human resources outsourcing.

The advantages are clear and compelling: improved business focus, more productive use of time and resources, and guidance from experts from across the business spectrum. When you outsource your human resource functions to Pay Network, those advantages are compounded.

Pay Network provides business with expert support and guidance in all areas of human resources solutions, employee relations, payroll and taxes, medical care, health and workplace safety, regulatory compliance, and much more.

By outsourcing human resources to us, you get to devote your internal resources and capital funds to profit-driven activities, without sacrificing important new technology, training and development, employee relations, or more.

About your company 5 biggest challenges

Every day your company wrestles multiple priorities: grow sales and profitability, keep labour costs in check, stay one step ahead of the competition, keep up with increasing regulations, and get the right people in the right jobs.

With Pay Network, companies can gain the upper hand. Our integrated solution helps to maximize a company's biggest investment - the one it makes in people - and minimize the associated risks and liabilities. And by streamlining everything from payroll to human resource administration and more, we give companies’ productivity a turbo boost.

Your company’s 5 biggest challenges remain:

About Pay Network solutions

Payroll & Tax Administration

Payroll processing is about a lot more than signing checks. You must also calculate withholdings, file and deposit payroll taxes, make sure you stay in compliance with applicable regulations. It's essential - and it all takes time away from revenue-generating activity.

Bottom line: You need never pay your employees again - because we will!

Human Resource Administration

A relationship with Pay Network involves a sharing of employer responsibilities between ourselves and our clients. This employment relationship is known as co-employment and is the business model through which Pay Network delivers our suite of services.

Bottom line: Make the best use of your day - every day!

Regulatory Compliance

Employment regulations have increased so dramatically over the years that the compliance burden has become overwhelming. Yet let down your guard - even inadvertently - and you risk your company's financial health.

Bottom line: We've got you covered!

Remuneration Advisory

Your employees want fair pay? Your employees want regular raises? You want to attract and retain talented employees in your organization? Your employees need clarity about their roles and responsibilities as well as about what is expected from them? Our Job Evaluation Package, performed effectively and used to clarify and revise job descriptions and position responsibilities, is your solution to all of these issues.

Bottom line: We can help you make your organization's pay system equitable, understandable, legally defensible, approachable, and externally competitive!

Health & medical care organization

Pay Network have a systematic approach to health, safety and security management in order to achieve continuous performance improvement. To this end, Pay Network manage these matters as critical business activities, set standards and targets for improvement, and measure, appraise and report performance externally.

Bottom line: You decide which benefits are right for your company and we handle details!

About Pay Network advantages

Attract and retain good employees

As the economy continues to improve, competition for the best job candidates will heat up. The challenge lies in the time and resources necessary to negotiate, assemble, deliver and administer the kind of feature-rich benefits plans that attract the best candidates. The result is that many small- to mid-size employers are not as competitive as they could be.

As part of our suite of human resource solutions, Pay Network delivers a comprehensive, attractive, and affordable package of employee health, welfare and medical benefits. The Pay Network benefits can be just what you need to give you an edge in the battle for top talent.

Control labour costs

Labour cost volatility can be a company's biggest - and most intractable - challenge. Most of the elements of a company's labour costs - benefits, workers' compensation, compliance costs, liability exposure and the rest - are highly volatile and can adversely affect a company's profit margins and its ability to conduct accurate financial forecasting.

Entering into a co-employment relationship with Pay Network can help you stabilize your labour costs, which in turn tames downstream cost volatility. The results: Your margins are better protected and your financial forecasts more accurate. The keys are shared liability, proactive risk management, expert regulatory compliance assistance, and big-company purchasing power for employee benefits, and related items. All these are core elements of the Pay Network Solution.

Reduce administrative hassles

Pay Network gives you back part of your day - every day - by taking on the lion's share of human resource-related administrative tasks. At the core of the Pay Network Solution is your assigned human resource professional. These field professionals are supported by payroll and benefits specialists, compliance experts and a fully staffed and responsive Employee Service Support to handle employee questions.

Key challenges in the payroll process

Payroll is an essential part of any business' administration, where accuracy is paramount. Since payroll errors can have significant financial and legal consequences for employers, ensuring filing deadlines and deposit requirements are met and understanding the changing payroll laws are two of the biggest challenges Human Resources departments face. Furthermore, payroll errors can deteriorate employee confidence and morale. The payroll process is a tedious one, requiring accurate record keeping, timely check disbursal and compliance with applicable laws.

Key challenges in the payroll process include:

• Significant time requirements: Calculating payroll amounts and deductions is a detailed, time-consuming process, and employer mistakes in payroll processing are unfortunately easy to make. Employers who use payroll outsourcing services have far less paperwork and spend just a few hours on payroll each year.

• Legal compliance: Adhering to the latest tax obligations and staying updated on changing legislation can be a complex process, involving the time-consuming task of keeping track of the latest regulations and withholding tables. Knowing the rules and regulations on a day-by-day basis is a large process, and requires a great deal of administrative support. Pay Network can significantly reduce an employer's risk of legal errors, since staying on top of tax regulations is a top priority for our company. Outsourcing payroll has eliminated the need for keeping up-to-date with changing laws, and has significantly reduced all legal risk. Pay Network provide a tax guarantee, ensure that there will be no penalties and take responsibility for penalties when they do occur (through our professional liability contract).

• Expenses: Self-processed payroll can be surprisingly expensive. Using our payroll outsourcing service typically costs a great deal less than hiring an additional employee to handle payroll. We enable companies to save money by capitalising on technology and administrative tasks related cost (Billing per payslip including our whole range of services) by rationalising and automating the operational payroll processes, for a heightened efficiency.

• Strategic refocusing: Through our services, companies can pursue more important value-added and revenue-generating activities without distracting employees from their core business functions.

• Operational flexibility: Payroll is a headache in the best case and a nightmare in the worst case. Pay Network services allow focusing on companies’ core products and services without hiring additional staff to manage payroll.