![7 Best Payroll Services in Malaysia for SMEs [2023]](https://www.cozyberries.com/wp-content/uploads/Best-Payroll-Services-in-Malaysia.jpg)
It is crucial for companies in Malaysia to comply with all relevant labour laws and regulations, including the Payment of Wages Act, the Employment Act, and the Employees Provident Fund Act to avoid fines and other penalties.
However, finding a reliable payroll service provider in Malaysia is not an easy task.
Therefore, we have researched and compiled this list of the 7 best payroll services in Malaysia.
The Best Payroll Services in Malaysia
Without further ado, here are the best payroll service providers in Malaysia, in no particular order.
Exclusive Deal for Cat Owners 🐱
1. Right House
Right House provides premium and user-friendly payroll outsourcing services in Malaysia. Their payroll solutions meet the highest industry standards when it comes to system infrastructure and technology.
As a leading regional payroll provider and supplier of HR management solutions, Right House delivers efficient, secure, and quality services for their client’s organizations. They can distribute payslips and other e-Services to their clients via a single web-based solution using their technology platform.
They are committed to ensuring that their clients are seen as caring and responsible employers by precisely managing their payroll and ensuring on-time payments every month.
Service Highlights
- Experts in statutory tax compliance and advisory services so that clients can effectively fulfil tax compliance standards.
- Assist with audits and penalty negotiations.
- Create and manage personal payroll records for employees online.
- Help clients automatically pay employees and payroll taxes to save time.
Services/Products: Payroll Outsourcing Services, Payroll Employment Managed Services (PEMS), Transactional Business Outsourcing, HR Consultancy Services, Employer Statutory Account Registration.
Website: https://righthouse.com.my/
Contact: +6014-969 9834 Email: [email protected]
Address: B1-23A-7 Soho Suites @ KLCC, 20 Jalan Perak 50450 Kuala Lumpur, Malaysia
2. CXL
The payroll and HR outsourcing division of CXL was formed in 2012 to provide quality, reliable, and affordable solutions to Malaysian companies. They allow you to implement the right solutions, which allows you to improve employee experience and grow your business.
CXL offers adaptable and flexible solutions to suit your company’s HR needs and requirements. They have several features to guarantee improved efficiency while providing a secure and user-friendly experience.
They are made up of experts with years of experience and great working relationships with relevant government organizations to ensure your business remains compliant with the rules and regulations.
Service Highlights
- Ensures the security of the company’s data and employee information.
- Cloud-based payroll solution to reduce operational costs and offer faster system updates.
- End-to-end digital solution to improve the employee experience.
- Allows businesses to focus more on revenue-generating activities.
Services/Products: Contingent Workforce, Executive Search, Payroll & HR Solutions, Permanent Recruitment, Temporary & Contract Staffing, General Resume Drop.
Website: https://cxlgroup.com/
Contact: +603-2776 7388 Email: [email protected]
Address: Suite 15-7, Level 15, Q Sentral 2A, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia 50470 Kuala Lumpur, Malaysia
3. Alchemy Consultancy
At Alchemy Consultancy, they are committed to providing premium payroll outsourcing services in Malaysia so that business owners can focus on their core operations and grow revenue. They integrate HR into payroll through their payroll system and software to simplify and consolidate financial reports.
Their solutions meet statutory requirements and include subscriptions to cloud-based software, so there is no need to buy expensive software. This reduces costs and allows business owners to use their resources in other critical areas.
Service Highlights
- Cloud-based and comprehensive payroll system with a user-friendly interface.
- Ensure timely and accurate payroll payments.
- Guarantees compliance with statutory requirements.
Services/Products: BPO & RPO, HR Consultancy, Payroll Outsourcing.
Website: https://alchemyconsultancy.asia/
Contact: +603-5613 4338 Email: [email protected]
Address: Suite W401, 4th Floor, West Wing Wisma Consplant 1, No. 2 Jalan SS 16/4, 47500 Subang Jaya, Selangor Darul Ehsan
4. Synergy 101
Synergy 101 is one of the best payroll service providers in Penang dedicated to providing assistance for SMESs so that they do not have to set up their own human resources (HR) and finance departments.
They provide payroll, HR, accounting, and financial outsourcing services to multinational corporations, non-profit organizations, and hospitals.
Their payroll management services help manage the manual and time-consuming tasks that are associated with payroll processing. They make use of biometric fingerprint scanning to accurately capture time and attendance so that you can effectively oversee your workforce.
Synergy 101 also offers financial and accounting outsourcing services, which involve accurately summarizing, analyzing, and reporting financial data for strategic decision-making.
Service Highlights
- Provide consulting and advisory services for compensation and benefits.
- Excellent online self-service features such as e-Leave and e-Payslip.
- Payroll software which is statutory compliant with Inland Revenue of Malaysia (IRB) and Malaysian Labour Law requirements.
- Financial reporting for government agencies.
Services/Products: Payroll Processing & HR Outsourcing, Finance & Accounting Outsourcing.
Website: https://synergy101.com.my/
Contact: +604-640 3118, +604-384 2511 Email: [email protected]
Address: 1-4-7, Krystal Point Corporate Park, Jalan Tun Dr. Awang 11900 Bayan Lepas, Penang, Malaysia
5. Trinity Corporate Consultancy
At Trinity Corporate Consultancy, they offer their clients one of the best payroll services in Malaysia. They are made up of a team of dedicated and highly-skilled HR professionals who have extensive experience in all areas of human resources (HR) and general management.
Trinity Corporate Consultancy provides payroll and HR outsourcing services that can be customized based on individual client needs. They recognize that businesses must have timely access to accurate payroll and HR information so that they can maintain a competitive advantage.
They process clients’ payrolls by offering multiple payroll platforms at a special price for clients to choose from. Also, all the payroll platforms they offered comply with Malaysian employment conditions. Their services allow you to free up time so that you can completely focus on your core business.
Service Highlights
- More than 20 years of experience in payroll outsourcing.
- Offer access to premium payroll and HR services at affordable prices.
- Cater to any company’s size as well as industry and budget requirements.
Services/Products: Payroll Outsourcing Services, HR Outsourcing, Business Process Outsourcing.
Website: https://www.trinitycorpconsultancy.com/
Contact: +603-6413 0332, +6019-211 7660 Email: [email protected]
Address: A1-02-07, Arcoris Business Suite, Mont Kiara, 50480 Kuala Lumpur, Wilayah Persekutuan
6. MYwave
Founded in 2005, MYwave offers end-to-end payroll processing with a free local or global cloud HR system that includes e-Time, e-Leave, e-OT, e-Payslip, and e-Claim. They take care of compliance with income tax and retirement funds and back up all your important records.
They launched their own cloud-based HRM solution product, “EmplX,” in 2008 to deliver affordable solutions to small and large companies. Automating routine transactions like payroll, expenses, and leave management allows you to focus on activities that increase business revenue.
In addition to their software solution, MYwave offer HR Outsourcing, HR Consulting and Payroll Outsourcing. They also offer training and development services to help your employees bridge skill gaps.
Service Highlights
- Develop tools to simplify and automate the process of efficiently managing employees.
- Guaranteed compliance with applicable rules and regulations.
- Safe and secure software solution.
- Offer personalized and tailored training and development programs.
Services/Products: EmplX, Cloud HRM & Payroll Solution, Payroll Outsourcing, HR Consulting, Training & Development, Genie & You.
Website: https://www.mywave.biz/
Contact: +604-305 9600 Email: [email protected]
Address: 2-1-31 One Square, Tingkat Mahsuri 11950 Bayan Lepas, Penang, Malaysia
7. Evoresource
Since its establishment in 2015, Evoresource has continued to provide one of the best payroll services in Malaysia. They have an excellent track record of offering flexible and streamlined payroll outsourcing solutions at affordable prices.
By outsourcing your payroll services, you are able to free up resources to fully focus on your core business activities. Evoresource further supports your business by offering a wide range of partnerships and opportunities for better business results.
They also offer timely and accurate responses to HR issues and queries, which helps increase employees satisfaction.
Service Highlights
- Ensure all data sent to clients is encrypted to prevent leakage of payroll information.
- Help reduce the time spent on administrative tasks and increase the focus on strategic decision-making.
- Eliminates financial risks involved with non-compliance to the technological, legislature, and corporate changes.
Services/Products: Managed Payroll Services, Human Resource Management System (HRMS), Professional Employer Organization (PEO), Human Resources Administration Services, Training & Consultancy Services.
Website: https://www.evoresource.com/
Contact: +6017-688 7800 Email: [email protected]
Address: 8Trium Tower, M1-16-07, Jalan Cempaka SD 12/5, Bandar Sri Damansara, 52200 Kuala Lumpur, Selangor
What is Payroll Service?
Payroll services in Malaysia refer to the management of an organization’s employee compensation, including salary payments and the administration of benefits. This can include tasks such as calculating and issuing paychecks, tracking and reporting on employee time worked and ensuring compliance with local labour laws and regulations.
Who Can Provide Payroll Services in Malaysia?
In Malaysia, payroll services can be provided by a number of different organizations, including accounting firms, human resource consulting companies, and specialized payroll providers. Some larger companies may also choose to manage payroll in-house.
What to Consider When Choosing the Best Payroll Service Provider in Malaysia
When selecting a payroll service provider, it is important to consider factors such as the company’s experience and expertise, its ability to meet the specific needs of your organization, and the level of support and customer service it offers.
Other important considerations may include the provider’s security measures and the accuracy and reliability of its payroll processing and reporting.
How to Find the Best Payroll Service in Malaysia
To find the best payroll service in Malaysia, you may consider the following steps:
- Determine your specific needs and requirements: Consider what tasks and processes you would like the payroll service provider to handle, such as salary calculations, tax withholding, and benefits administration.
- Research and compare providers: Look for payroll service providers that have a good reputation and a proven track record of delivering accurate and reliable payroll services. You can check online reviews and compare the features and services offered by different providers.
- Consider experience and expertise: Look for payroll service providers that have extensive experience working with businesses in your industry and have a thorough understanding of local labour laws and regulations.
- Evaluate customer support and service: Make sure that the payroll service provider you choose has a responsive and helpful customer support team that can assist you with any questions or concerns you may have.
- Assess security measures: Ensure that the payroll service provider has robust security measures in place to protect sensitive employee information, such as salary and tax information.
Some of the best payroll service providers in Malaysia include:
- Right House
- CXL
- Alchemy Consultancy
- Synergy 101
- Trinity Corporate Consultancy
- MYwave
- Evoresource
It is important to keep in mind that the best payroll service provider for your business may depend on your specific needs and requirements.
Therefore, it is a good idea to carefully evaluate the services and features offered by each provider before making a final decision.
Why Do You Need a Good Payroll Service Provider in Malaysia?
Finding a good payroll service provider in Malaysia is important for several reasons:
Compliance with local labour laws and regulations
A good payroll service provider will have a thorough understanding of local labour laws and regulations, such as the Payment of Wages Act, the Employment Act, and the Employees Provident Fund Act, and will help ensure that your organization is in compliance with these laws.
Accuracy and reliability
A good payroll service provider will have a proven track record of delivering accurate and reliable payroll services, which is essential to ensure that your employees are paid on time and in the correct amount.
Efficient and streamlined processes
A good payroll service provider will have efficient and streamlined processes in place to manage payroll, which can save your organization time and reduce the risk of errors.
Cost savings
Outsourcing payroll to a good payroll service provider can be more cost-effective than managing payroll in-house, as it eliminates the need to hire and train specialized staff and invest in expensive payroll software.
Improved employee satisfaction
By ensuring that your employees are paid on time and in the correct amount, you can improve employee satisfaction and reduce the risk of turnover.
Peace of mind
By outsourcing payroll to a good payroll service provider, you can free up time and resources to focus on other important tasks and have peace of mind knowing that your payroll is in good hands.
Conclusion
To conclude, these are the companies that provide some of the best payroll services in Malaysia to help ensure your business compliance with local labour laws, improve the accuracy and reliability of payroll processing, reduce costs, and improve employee satisfaction.
