Payroll Processing

Running a business is not an easy task and that's why we are here. We provide you with a comprehensive service in payroll and give you time to focus on other important business issues.

Vital HR information from payroll can help you manage your business efficiently

Benefits of outsourcing:

Professional judgment on constantly modifying Government regulations
Reduce the time spent on administrative task and to refocus on strategic planning initiatives
Reduces financial risks involved in non-compliance of legislative, corporate and technology changes
Growing need for companies to leverage on established HR service providers for information and expertise that are not available internally
Strategic partnership with HR service providers enable more flexibility and tailor-made solutions for ever-changing operational needs
Increase employees satisfaction as a result of more timely and accurate response to their HR issues and queries

Outsourcing ensures that all internal stakeholders get to enjoy some form of benefits and convenience for:

The Management

Attain cost savings by reducing capital investments
Strengthen internal control and planning
Reduce turnover, rehiring and retraining

HR Department

Reduce tedious and time consuming administrative work
Strengthen internal control and planning
Reduce turnover, rehiring and retraining

Employees

Fast and accurate access to information

Cost-effective solution

Eliminates cost of initial hardware and software investment and its subsequent maintenance
Reduces spending on technology upgrades due to obsolete functionalities and changes in statutory requirements
Control operating costs as fewer employees needed to perform these administrative tasks, thus maintaining low headcount

Indirect savings

Reduces errors from manual handling of data
Reduces risks involved in security and confidentiality issues
Opportunity cost from redeploying HR resources and investments to other areas
Reduce risk of fluctuating employee turnover and the need for recruitment and retraining, thus ensuring a stable operational environment

Services offered:

ONE TIME ACTIVITIES	Salary and other benefits structuring Migration of past payroll data Setting up employee master data base Test run for ensuring that the set-up is complying with delivery requirements, including reconciliations with actual runs (if any) already carried out.
RECURRING ACTIVITES	Timely and accurate salary processing Generating Pay Slips Data generation and management of Statutory reports Full and Final Settlement of left employee Handling Client and employee query
ANNUAL ACTIVITIES	IT Computation Receipt and verification of declaration and proofs Issuance of Form 16 within the timeline
REPORTS AND MIS	Pay registers and CTC reports Loan statement, advance salary & Leave reports Bank advice reports IT reports etc

Payroll Processing

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