Outsourced Payroll Solutions (OPS) is a UAE-based payroll provider that manages employee salaries and provides a cloud-based payroll solution for companies based in the Middle East
ESSENTIAL PAYROLL:
Fast deployment solution for start-ups and SME's
AUDIT:
Reduced risk & statutory compliance.
OPS AT A GLANCE
OUTSOURCED PAYROLL SOLUTIONS & HRMS
OPS uses an advanced HRMS to process payroll, its metrics functionality assists in tracking trends such as salary levels, headcount against allocated budget, Year to Date (YtD) analysis, etc. A payroll dashboard compares elements such as years of service to average salary and other data. Metrics in outsourced payroll can influence profitability by comparing actuals over periods.
- Higher level HR and legislative functions
- Integration with general ledgers, accounting and clocking systems
- Tailor-made configuration to company policy
- Access to advanced HR functionalities
- Administrative value-added services such as reporting, record-keeping and maintaining e-records of employees
- Core services such as payroll calculations, final settlements, data management, leave, time, travel, claims, attendance, time sheets, etc.
Wages Protection System (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.
- The company needs to be registered with the Ministry; The company should have a bank account with one of the banks operating in the UAE
- The company should enter into contract with any bank, bureau de change or financial institution approved and authorized by the Central Bank of the UAE to provide the service. The two parties shall agree on any service fees and charges.
- Workers’ wages will be transferred via WPS by the deadlines specified in the Ministerial Resolution No. 788 of 2009.
ACCREDITATIONS & PARTNERS
