Payroll in Germany is one of the most important tasks. Not only is it usually the biggest expense of your company, it goes to one of the most crucial parts of your company - your team. Hiring a Payroll Company in Germany is a great move but having some best practices in your company can help keep your finances on track and keep your employees happy and satisfied. Below is a list of some of best practices that we recommend to our clients:
1. Go Completely Digital
2. Be Transparent
3. Confidentiality Is Still A Must
4. Correct Classification
5. Tax On Time
6. Get Up To Speed
Having a transparent Payroll process can go a long way in forging a relationship with your employees. At the same time, information like employee’s salaries, banking information and Social Security Numbers must always remain confidential. Having an expert firm on board can help you organize this information into a digital database which is fully secure and most unlikely to get compromised.
