Rely On Accurate, On-Time Payroll Administration
Powered by SNAP technology, our Payroll Administration Services provide the precision and compliance required to eliminate headaches and effectively manage your Mexican workforce. Whether your company is small, large, or somewhere in between, Tetakawi makes payroll easy for manufacturing companies.
Why Outsource Mexican Payroll Processing Services?
Did you know that Mexico payroll processing is one of the most complex and time-consuming tasks for any employer business? In order to ensure that your employees are paid on time and in accordance with Mexican government regulations, it’s important to partner with a global company that specializes in payroll processing services.
Payroll outsourcing will save you both time and money in global entity management, while ensuring that your employees are taken care of correctly and that your business meets Mexico's law requirements.
What Do Payroll Services Include for a Manufacturing Company?
When you outsource payroll processing to services in Mexico, you can expect the company to handle all aspects of payroll services, services include:
- Calculating employee pay
- Withholding taxes and other deductions
- Paying employees via direct deposit or check weekly, monthly, etc
- Filing payroll taxes in Mexico
- Tracking vacation, holidays, and sick time
- Administering 401(k) contributions
- Printing and distributing pay stubs weekly, monthly, etc
- Providing online access to employees’ pay stubs and tax forms
What Are the Benefits of Outsourcing Payroll Processing Services?
There are many reasons why Manufacturing businesses choose to outsource payroll processing services to international partners, including:
Time savings: Payroll processing is a time-consuming task for manufacturing companies, particularly if you have a large company workforce. By outsourcing payroll services, you’ll free up time that you can use to focus on other aspects of your manufacturing business.
Cost savings: Outsourcing payroll services can save your business money on the cost of software, hardware, and other supplies needed for worker payroll processing. In addition, you’ll no longer need to pay a salary to in-house services or a in-house Mexican payroll processing team.
Improved compliance: When you outsource payroll processing, you’ll have access to a team of experts who are up-to-date on all of Mexico's payroll-related laws and regulations, including tax requirements. This will help reduce the risk of non-compliance with Mexican laws, which can result in hefty fines for manufacturing companies.
Greater flexibility: Many companies choose to outsource Mexico processing services in order to take advantage of the flexibility that this arrangement offers. For example, you can choose to outsource payroll on a temporary basis during periods of high growth or seasonal fluctuations.
Easy multi-location processing: If you have employees in multiple Mexican manufacturing locations, it can be difficult to manage payroll processing internally.
When you outsource this task, the HR company you partner with will be able to manage payroll for all of your employees, regardless of their work location. This is especially important if your employees are in different countries or states, as each work location has its own set of payroll laws and regulations.
The Most Comprehensive Payroll Service in Mexico
Integrate your technology with ours to accurately and timely control, capture and transmit regular and overtime hours worked by your business employees.
Accurately tracking work attendance is not only important for allowing adequate paid time off (PTO) for your employees, but it can also help you judge your company’s work culture. Data suggests highly engaged workplaces see 41% lower absenteeism.
Plus, employee burnout costs US businesses $300 billion per annum, making PTO extremely important for your manufacturing business.
Trust that your business payroll is in compliance with government, legal, union, and 3rd party regulations and accurately withholds for:
- Federal (LFT), state, union, employer, and other benefits
- Savings accounts, pensions, loans, memberships, and safety deposit boxes
Because business payroll is critical to your employees and company, its accuracy is proactively verified through a pre-payroll run that is generated and approved.
A key part of the payroll process is verification of employment compliance with Mexican law via delivery of a pay stub, which may also address employee concerns and questions regarding pay.
Accurately account for a variety of employee events and incidents in your payroll, including hires, dismissals, movements, salary adjustments, special payrolls, leaves of absence, vacations, permits, disability, holidays, bonuses, incentives, gratuities, and other incidents. Mexico human resources and services can help your business stay up to date with the law and Mexico payroll processing.
HR services in Mexico process all employee terminations, contract revocations, liquidations, and settlements accurately and on time. Outsourcing services will also provide conflict resolution services for employee, legal, union, government, and 3rd party issues.
Tetakawi Payroll powered by SNAP technology has all the features needed to take care of your personnel and comply with government law requirements. The output is transmitted to the client through applicable channels that can be used by other systems, processes, services or for other needs.
Through its basic service offering, Tetakawi Payroll provides revenue tax stamps through digital tax receipts (CFDI), employee input, and transmission of sealed information across all your Mexico manufacturing locations.