BMS Auditing can provide complete payroll processing services to our clients. We adapt our payroll services to fit your unique needs regardless of the size of the client, number of employees and complexities of your payroll.
Below are some of the list of services under our Payroll service package.
1.Preparation of Offer letters
2.Assistance with application and selection of suitable Health/medical insurance
3. Leave management for the employees example Holidays, Absences, Paid Leaves
4.Calculation of Statutory gratuity payments as per the UAE labor law.
5.Calculation of the end of settlement in the case of termination during probation or after probation period as per the UAE labor law.
6.Administrative value-added services such as reporting, record-keeping and maintaining e-records of employees
7.Issuance of monthly pay slips, Salary Certificates, and Bank transfer letters.
Some of the advantages of outsourcing payroll services are:
2. Security and Confidentiality
Frequently Asked Questions (FAQS)
What is WPS?
Wages Protection System (WPS) is an electronic salary transfer system that allows institutions to pay workers wages via banks, bureaux de change, and financial institutions approved and authorized to provide the service. The system, developed by the Central Bank of the UAE, allows the Ministry of Labor to create a database that records wage payments in the private sector to guarantee the timely and full payment of agreed-upon wages. The WPS covers all institutions registered with the Ministry across all sectors and industries and will benefit different categories of labor. (Source: Ministry of Labor)
What is the end of service gratuity and how it is computed?
End of service gratuity in UAE is an amount every employee is entitled to receive from his/her employer once the employment comes to an end. This is governed by the UAE labor law.
Different factors such as current basic salary, duration of employment, type of labor contract, dismissal or resignation will have to be considered while calculating the End of Service gratuity pay.
BMS AUDITING & CONSULTING CO. Suite No.1001, 10th floor, Smart Height, Dubai, United Arab Emirates PH: +971 45516399 | MOB : +971 555569829 email@example.com | firstname.lastname@example.org