It may be the case that you are not a Cambodian national and so you are operating a business in this country and trying to make a profit. Starting a new business and running it is difficult enough and operating in a country other than your home can be difficult because there might be different rules and regulations that need to be followed. The one thing that is consistent, is that you need to surround yourself with the best staff members possible because they will dictate your success or not.
It is important to be able to hit the ground running and you need to start outsourcing some of your needs because you can’t do everything by yourself. It is true that you will want to try to save money whenever you can but when it comes to your staff and it comes to your payment of salaries to them, you can’t afford to make any mistakes. This is one of the reasons why many companies operating in Cambodia take advantage of payroll outsourcing in order that mistakes are not made and that staff members get paid in full and on time.
If you still think that this is something that you can do yourself, the following are some of the reasons why you need to leave it up to the professionals.
- It is a time saver – Time is money as any business owner will tell you and anything that saves you time is money very well spent. Depending on the number of people that you wish to hire, you will have to set up a payroll department which is not only going to involve time but money as well. It makes more sense to outsource your needs where everything is set up already and you can be assured of a professional service. This frees you up as the owner of the business to concentrate on widening your customer base and increasing your profits.
- It leads to higher productivity – Everyone knows that your staff members are your number one asset and they need to be taken care of at all costs. If staff members are happy, if they are getting paid on time and in full then they will be more productive in the workplace and this is what every owner or manager wants.
- It reduces your business costs – When you think of the cost of setting up your payroll department and the time that it’s going to take to process payments, it really doesn’t bear thinking about. It’s likely that your new business will have a few employees at the beginning and it is going to save you money to outsource your needs rather than setting up your own payroll department.
There are also many rules and regulations that need to be followed in Cambodia that you might not be aware of and the last thing that you want is to be fined for not carrying them out to the letter of the employment law.
