See How Much It Costs to Outsource Your Payroll Processes in Hong Kong

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Payoneer is one of the clients of Links International.
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Grow Your Business with Links' Trusted Payroll Outsourcing Services

Links International provides the best in-country payroll outsourcing service in Hong Kong, SingaporeMalaysia, Mainland China, TaiwanMacauIndonesiaVietnamThailandJapan, South KoreaNew ZealandAustraliaPhilippines, Myanmar, India, Dubai, Cambodia, Bangladesh and Pakistan. Free up human resources with outsourcing your payroll and start focusing on growing your core business. Our 20+ years of HR experience in Asia means we help streamline your business operations, offering a line of payroll services to support you in expanding your business.

Smart Payroll Services: One Solution for All Your HR & Payroll Needs

In the past, it was impossible to group payroll processing across multiple locations in Asia under one solution. Multi-country organisations commonly relied on different HR systems to process country-specific payroll regulations or had to rely on payroll outsourcing services with limited in-country support. Links is here to change that with our one-stop payroll outsourcing solution, making multi-country payroll an ease.

Links One approaches Asia payroll differently from other competitors in the sector. It consolidates payroll, benefits, and reporting needs into one place, making managing payroll in Asia easy and effective.

Links One is a cloud-based payroll solution that harnesses the power of multi-country payroll management. Links One centralises your payroll data from different locations into a single dashboard making it easy for reporting. It is backed up by Links Integration Hub, consolidating data from different locations and formatting data into a standardised form so clients can easily report, compare, and evaluate. So whether you’re in Hong Kong, Singapore or anywhere else, with Links One, you’ll be able to access key payroll information.

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Links Rated a ‘Star Performer’ by Everest Group

Links International was rated as a ‘Star Performer’ in Everest Group’s Multi-Country Payroll (MCP) Solutions PEAK Matrix® Assessment 2022.

Highlights from the Assessment:

  • In-country service delivery in 12 locations with highly integrative and user-friendly technology
  • Delivering expert HR advice and industry best practices to Asia businesses
  • Appreciated by buyers for payroll accuracy and regulatory knowledge
  • Streamlined user experience through integration of Links One with Microsoft Teams
  • Detailed dashboard with various payroll metrics across different locations

“Links International’s emphasis on integrative technology, modern user experience, and financial wellness offerings aligns well with the evolving expectations of MCP buyers. Its strong YoY growth in the market and continued innovations, as well as investments in providing payroll insights and benchmarking, automation, and other value-added HR services, have helped it strengthen its position as a Major Contender and emerge as a Star Performer in Everest Group’s Global MCP Solutions PEAK Matrix® Assessment,”

– Priyanka Mitra, Practice Director, Everest Group.

 

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Elevate Your Role with Links Payroll Outsourcing Services

Looking for a payroll provider in your sector who knows the ropes? Links Hong Kong Payroll Services helps you save time and cuts costs. Get in touch today for a free quote.

ISO 27001 Compliant & Secure HR Outsourcing

We know information security is critical to your business. Our HR Outsourcing services are audited and certified for the ISO 27001 information security standard to give you an extra level of reassurance. For added security, we run our HR system through excess penetration testing on a secure hosting structure.

Links' HR Outsourcing services are audited and certified for the ISO 27001 information security standard.
Links International’s robust IT infrastructure, ISO 27001 compliant processes and Business Continuity Measures ensure that our clients have the highest level of information security.
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Want to Grow Your Company Strategically?

Learn how to streamline your Hong Kong payroll operations with our HR Outsourcing and HR Payroll Services. Schedule a quick call with one of our HR specialists and learn what our services can do for you.

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Simplify Your Regional Payroll

Have a regional operation? Partner with a reliable international payroll services provider!

Links One is Asia’s leading regional HR and Payroll Dashboard Solution that caters to all your HR and payroll operations across Asia.

Learn More

Frequently Asked Questions (FAQs) in Hong Kong Payroll

Payroll outsourcing services is the outsourcing of your company’s core payroll operational functions such as payroll calculation, salary disbursements, leave, claims and time and attendance to a third-party payroll service provider.

Companies typically use this to free up their in-house resources and HR team from labour-intensive and mundane work to focus on more strategic and important aspects of HR activities such as talent sourcing or employee engagement.

This service is sometimes mistaken for PEO. The key difference is that payroll services do not cover local employer of record services. This means employees are housed under your company’s entity with the purpose of professional payroll services being to ensure your workforce’s salary and financial HR matters are executed accurately in a seamless and efficient manner.

Payroll outsourcing works by having a payroll service provider handle the administrative and compliance functions of paying employees.

Cut costs for in-house payroll Eliminate manual errors or fines for missing compliance deadlines Streamlined HR operations Service guarantee – Accurate MPF and average daily wage calculations Major time saver- Free up resources to drive business strategies

  • Calculating gross net salary
  • MPF or ORSO contributions
  • Statutory entitlement pays
  • Disbursement of salaries
  • Managing payroll records
  • Leave applications
  • Dedicated HR/ Finance payroll helpdesk support
  • Average Daily Wage / 713 calculation

The monthly cost starts at $90HKD per employee (subject to minimum charges). This cost will of course vary depending on a number of factors, including the number of headcounts, where they’re situated and the level of service you require.

How secure your outsourced payroll is is directly related to the payroll service provider you pick. Your payroll can be very secure as long as you partner with a reputable company. Certifications are a good indicator of their service hygiene and guarantee. A reputable payroll vendor will have ISO 27001, and SOC2 certificates.

Data privacy lays the foundation of our solution and data security is at the core of our product development. As such, Links payroll solution is hosted on Microsoft Azure, leveraging Microsoft’s best-in-class security standards and certifications (e.g. SOC 1, SOC 2 etc.). Our payroll system also has encryption at rest and in transit, VPN and SFTP secure transfer of information, ISO 27001 certification, Data Loss Prevention, Regular penetration testing and vulnerability scanning, GDPR and local privacy law compliance, IP whitelisting, CI/CD, continuous automated testing and use of Single Sign-On and Multi-Factor Authentication. Feel free to contact one of our reps for more information.

Key things to consider when choosing the right payroll outsourcing and HR service provider:

  • Payroll experience
  • Costs (Be wary of unreasonably cheap offers or those that sound too good to be true!)
  • Level of customer support
  • Location coverage
  • Data integration capabilities
  • Payroll tax compliance management
  • Data security
  • Technology they use

A competent and experienced payroll outsourcing provider should be able to answer any questions for the above with ease and provide actual case studies of successful implementations.

A good RFP can greatly shorten the process. Make sure to consider your business needs and priorities as they will determine what your best payroll service looks like. For example, for many of our clients, an invaluable advantage we give them is the 100% in-country support within the Asia Pacific as it beats dealing with language complications and time zone differences. Contact us to learn more about our payroll services.

The Mandatory Provident Fund (MPF or 強積金), is a compulsory pension saving scheme in Hong Kong. MPF was established for companies to provide mandatory pensions to employees, including self-employed persons.

Employers are required to enrol both their full-time and part-time employees (except for exempted persons) aged 18 to 64 who have been employed for a continuous period of 60 days or more in an MPF scheme within the first 60 days (calendar days including holidays) of their employment.

MPF contribution calculation in Hong Kong is determined by the employee’s relevant income.

  • Employees with a monthly relevant income below $7,100HKD, only the employer is required to pay the mandatory contributions at 5% of the employee’s relevant income.
  • Employees with a monthly relevant income between $7,100 – $30,000HKD, both the employer and employee are required to pay the mandatory contributions at 5% of the employee’s relevant income.
  • Employees with a monthly relevant income over $30,000HKD, both employer and employee pay the maximum mandatory contribution at $1,500HKD.
Monthly Relevant IncomeEmployer’s Mandatory ContributionEmployee’s Mandatory Contribution
Less than $7,100Relevant income x 5%No contribution is required
$7,100 to $30,000Relevant income x 5%Relevant income x 5%
More than $30,000$1,500$1,500

 

*Note – Relevant income includes all monetary payments including wages, salary, leave pay, fees, commissions, bonuses, gratuities, allowances, but excluding severance payments and/ or long service fees.

Have more questions about how to calculate your company’s MPF? Get in touch with one of our representatives to learn more.