Volvo | TMF Group case study

Volvo

World’s leading heavy automobile manufacturer seeks a high standard of local payroll support

Volvo explains what led them to choose TMF Group for payroll services in Singapore.

Services for: HR and Payroll

Provided in: Singapore

The Volvo Group is one of the world’s leading manufacturers of trucks, buses, construction equipment, marine and industrial engines. The Volvo Group has approximately 100,000 employees, production facilities in 18 countries and it sells its iconic products in more than 190 markets. Volvo has a regional sales office in Singapore with approximately 460 employees.

Jess Young, Senior Manager of Human Resources Services at Volvo, says, “For the past 10 years, we have used an external vendor in Singapore to carry out our payroll, leave and benefits administration. However, the provider’s service level started to decline drastically due to management changes and staff turnover, and we strongly felt the need to replace them with a more consistent payroll service provider.

“TMF Group has been our HR and payroll service provider since 2014. Over the past two years, they have helped us with a number of HR benefits customisations and implementations. The payroll team is experienced, making sure we comply with the relevant statutory requirements. They also ensure accuracy and keep turnaround times on schedule.”

“Our Singapore office is set to increase to about 500 employees over the next two years. We have built a good working relationship with TMF Group, and we certainly hope they continue to be our preferred service provider.”

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