Payroll maquila
The payroll maquila is a very useful tool for business administration, since it allows outsourcing the process of payment of salaries and employee benefits. With the payroll maquila, a company can hire a provider specialized in this service, who will be in charge of carrying out the calculations and procedures necessary for the payroll payment.
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ADVANTAGES
Regulatory compliance or "compliance" can provide several advantages to a company, including:
1. Reduction of legal risks: The
implementation of programs
regulatory compliance helps
companies to comply with the laws and
applicable regulations, which reduces the risk of sanctions, fines and litigation.
2. Protection of reputation: Violation of laws or regulations can damage a company's reputation. Regulatory compliance helps protect the company's image and reputation with customers, suppliers, employees and other stakeholders.
3. Improving Operational Efficiency: Regulatory compliance programs often include internal procedures and controls that can improve a company's operational efficiency.
4. Fostering an ethical culture: Regulatory compliance helps foster an ethical culture in the company and ensure that employees act responsibly and ethically.
5. Competitive Advantage: Regulatory compliance can be a competitive advantage, as companies that comply with laws and regulations can have an advantage over those that do not.
6. Access to financing and contracts: In some cases, regulatory compliance may be a requirement to access financing or to win contracts with certain companies or governments.
7. Improved relationships with stakeholders: Regulatory compliance can improve relationships with stakeholders, including customers, employees, suppliers, and regulators.