GIVEN the massive employee turnover trend now apparent across all industries which is, in turn, costly on any organization, Filipino companies, especially small and medium enterprises (SMEs), are encouraged to outsource their human-resource (HR) requirements and, instead, focus more on their core businesses.
As per a study, around 20 percent of workers annually leave their jobs due to personal and/or business reasons. Retention is, thus, fast becoming a concern among different companies since losing them is pricey—approximately reaching a total loss amounting to of tens of thousands of dollars—for new training, lost productivity and engagements, as well as work-related errors, Prople Inc. Chairman Alfonso S. Yuchengco III said. “First, job vacancies cause slower productivity. Second, the company has to prepare for its budget plan for the cost of hiring and training new employees. This could be very tedious, time-consuming and costly for the company,” he said.
“For start-ups who are planning to hire new people for critical job functions, they have to rethink their business strategies. If they are looking forward to long-term success, outsourcing professionals for specific positions will go a long way,” he said.
To address the growing demand in the labor market, Prople extends its expertise and assistance to Filipino businessmen who want to optimize the resources available to overturn the increasing turnover rates.
This firm has a competent team of professionals with rich experience in finance and accounting, tax services, HR and payroll, and data management. Yuchengco said they are experts in their respective fields since they are CPAs, auditors, project managers, business analysts and information-technology professionals who can do the right job on time.
“This allows business owners to focus on growing their company while we do specific outsourced work functions for them,” he said.
In the HR segment, for instance, Prople has an enhanced system involving payroll, timekeeping and benefits management. The industrial and legal rights of employees are, likewise, maintained due to the company’s outstanding employee records administration. Through Prople’s data management services from data capture to conversion, cleanup, organization, standardization, data mining and analysis, and health-care management, clients can have a better control over the data. Excellent data management could result to mitigated operating costs, back-office improvements, faster and more accurate billing, enhanced customer service, front-office improvements, improved regulatory and compliance efforts, a research study showed.
These offerings, Yuchengco said, guarantee their customers that goal-driven and dedicated professionals work hand-in-hand to achieve better business outcomes.
Prople also provides accounting and financial services, including custom-fit finance and accounting functions in the areas of accounts payable, accounts receivable, general accounting, and strategic finance, among others
Other services include expense claims processing and management, documentation, analysis, validation, payment processing and policy-based disbursements.
For accounts payable, Prople takes over the client’s purchase orders to the administration of supplier payments. Its services for accounts receivable include sales orders and billing administration.
When it comes to tax services, the company provides only the best via the concerted efforts of the US Tax team of Prople Inc. and K&A Global Management Co., which extend help in tax preparation, tax return and analysis of individual or business tax returns for clients based in the US
CPAs and professional accountants assist clients to navigate through the tax filing process while giving them a more personalized service. The up-to-date tax code also assures customers quality services.
Prople, as a global company, seeks more growth to become the best business partner to their growing clientele worldwide, its chairman said.
“Being focused with that goal, we keep practicing the following culture at Prople: total quality management, continuous improvement, strategic customer service, manpower efficiency, and innovation,” Yuchengco said.
He said they will keep on supporting companies in realizing their business goals since their growth is their top priority.
“We will continue to remind them that whenever they need value-added and cost-efficient business solutions and services, Prople is always ready,” he said.