+94 777 950 741

info@lbmsrilanka.com

Free Consultation
Free Consultation

HUMAN RESOURCE MANAGEMENT

Managing your workforce effectively involves navigating complex payroll requirements and ever-changing labour laws in Sri Lanka. Leads Business Management (LBM) offers specialized Human Resource Management services focused on streamlining your payroll processing and ensuring robust HR compliance. We help you manage employee payments accurately and stay fully compliant with Sri Lankan regulations like the EPF Act, ETF Act, and Shop & Office Employees Act, saving you time and mitigating risks.

  • Payroll Management
  • HR Compliance Management

  • PAYROLL MANAGEMENT

    Our Payroll Management service ensures your employees in Sri Lanka are paid accurately, on time, and in full compliance with all statutory deductions. We handle the entire payroll cycle efficiently, removing a significant administrative burden from your team.

    How We Help You

      • Calculating gross salaries, wages, overtime, commissions, and allowances based on attendance and contractual data.
      • Accurately calculating and deducting statutory contributions:
        • EPF (Employee Provident Fund): 12% Employer + 8% Employee contribution.
        • ETF (Employees’ Trust Fund): 3% Employer contribution.
        • PAYE (Pay-As-You-Earn) Tax: Based on current Inland Revenue Department thresholds (incl. LKR 1.8M annual relief from Apr 2025) and rates.
      • Processing other necessary deductions (e.g., salary advances, loan recoveries).
      • Generating clear and compliant monthly payslips for each employee.
      • Preparing monthly EPF/ETF/PAYE remittance summaries and assisting with timely submission to relevant authorities (Central Bank/IRD).
      • Maintaining accurate payroll records for reporting and audit purposes.

      Who Needs This Service

      • Businesses of all sizes in Sri Lanka seeking accurate and timely payroll processing.
      • Companies wanting to ensure correct calculation and remittance of EPF, ETF, and PAYE.
      • Organizations looking to outsource the time-consuming task of monthly payroll administration.
      • Startups needing a compliant payroll system set up from the beginning.

      Benefits of Using This Service

      • Guaranteed Accuracy: Minimize payroll errors and ensure correct payments and deductions.
      • Timely Processing: Ensure employees are paid on schedule every month.
      • Compliance Assurance: Stay fully compliant with EPF, ETF, and PAYE regulations in Sri Lanka.
      • Time Savings: Free up your internal resources from complex payroll calculations and administration.
      • Confidentiality: Secure handling of sensitive employee payroll information.

    • HR COMPLIANCE MANAGEMENT

      Our HR Compliance Management service helps your business navigate and adhere to the essential labour laws and regulations in Sri Lanka. We provide guidance and support to ensure your HR practices meet legal standards, minimizing risks and promoting a fair workplace.

      How We Help You

      • Advising on adherence to key Sri Lankan labour laws, including:
        • Shop and Office Employees Act (working hours, leave, employment terms).
        • EPF Act & ETF Act (contribution, registration, filing requirements).
        • Wages Board Ordinance (minimum wage standards).
        • Payment of Gratuity Act (eligibility and calculation).
        • Termination of Employment (Special Provisions) Act (procedures).
      • Assisting in maintaining essential employee records required for compliance (e.g., employment agreements, leave records, wage registers).
      • Guiding on proper procedures for EPF/ETF registration for new hires.
      • Providing support in preparing for potential inspections or queries from the Labour Department or other regulatory bodies.
      • Offering guidance on implementing compliant leave policies (Annual, Casual, Maternity).

      Who Needs This Service

      • Businesses in Sri Lanka needing clarity and support on labour law compliance.
      • Companies wanting to ensure their HR policies and record-keeping meet legal standards.
      • Employers seeking guidance on specific compliance areas like leave management or termination procedures.
      • Startups and SMEs aiming to establish compliant HR practices from the outset.

      Benefits of Using This Service

      • Minimized Legal Risks: Reduce exposure to penalties and disputes by adhering to labour laws.
      • Improved Record Keeping: Maintain organized and compliant employee and HR records.
      • Enhanced Confidence: Operate with peace of mind knowing your practices meet Sri Lankan standards.
      • Focus on People: Free up management time from navigating complex regulations to focus on employee engagement and development.
      • Proactive Support: Stay informed about key compliance requirements relevant to your business.