Salaries constitute the largest expenditure in the majority of enterprises. Management of salary expenditures requires know-how, skill and maximum command of the intricacies of the rules and regulations of the labor laws and salary taxation, which undergo frequent revision
Furthermore, employees have become more and more aware of their rights, mainly because of the accessibility of the information on the Internet and attorneys who deal with claims against employers, and charge on a success basis, concerning rights withheld from employees. The majority of claims are usually filed after the employee has stopped working with the company
Therefore, it is important for the employer to have accurate knowledge of the costs of his employees' salaries, including the indirect costs, and to know how to minimize them without infringing on the employee's legitimate rights
Particulars of the service
Processing and producing pay slips
Monthly (102) and annual (126) reports to the tax authorities
Producing administrative reports from the payroll system
Optimal planning of the salary structure in the pay slip
Tax planning to reduce the employer's costs
Counseling on labor laws and employment agreements
Handling employee resignations and severance pay
Handling claims regarding military reserve service, childbirth payments and work-related accidents vis-à-vis the National Insurance Institute
