Payroll Processing

Payroll processing includes the monthly preparation of payslips, encompassing not only the direct components of employee compensation but also indirect elements such as severance pay calculations. It also involves calculating taxes and social security contributions required by law and national collective labor agreements (“NCLA”).
HR Capital offers a scalable and customizable range of services to meet client needs, from basic technological management (SaaS) to table-based administration, up to a fully certified payroll service.

To ensure the confidentiality of employee data, employers should:

• Limit access to sensitive information to authorized personnel only;
• Use secure payroll systems with encryption;
• Regularly update passwords;
• Familiarize themselves with confidentiality protocols and, if necessary, attend training on this topic.

A Payroll Specialist manages and processes all data related to employee compensation. This includes handling monthly obligations (such as submitting Uniemens reports to INPS) and annual reporting related to employee salaries (e.g., Certificazione Unica, Inail self-assessment, Form 770).

In today’s economy, where resource optimization and process efficiency are key priorities, alongside risk management, the payroll outsourcing sector is experiencing exponential growth. According to recent research by Research and Markets, the global payroll outsourcing market is projected to grow from $25.3 billion in 2022 to $37.3 billion by 2030, an increase of 47%. This surge is driven by companies’ need to save time and reduce costs, allowing them to focus on strategic areas.
HR Capital positions itself not just as a service provider but as a strategic partner, supporting companies in this transformative journey.

Engaging with the Payroll Department specialists allows companies to develop tailored accounting solutions. This can include revising or integrating the Chart of Accounts and Cost Centers and customizing files for seamless integration into the company’s accounting systems.