PAYROLL RELATED SERVICES
- Salary Register/Wages Register monthly preparation( proper and correct attendance details should be provided by the employer)
Providing Reports based on salary Register such as:
- Provident Fund
- Professional Tax
- Income Tax
- Bonus and Gratuity Calculation
In many organizations, labour turnover in HR Department is very high.Frequent changes will affect the function as well as the performance of the HR department.In such a situation,when an inspection by authority comes,generally the organization will suffer in many ways due to the inconsistency of the HR Department
Advantage Of Payroll Outsourcing: Cost Effectiveness
The direct costs of payroll accounting can be greatly reduced by working with a payroll service provider. Large companies can afford to have their own payroll departments. However, small and medium-sized businesses with an in-house payroll process are costly affairs. If your company strength is less than 40 employees, there is a very good chance that you can save money by outsourcing your payroll. Do make the study. Find out how many man hours you spend on payroll-related activities and money value of the same also calculate how much you are spending on pay -roll outsourcing. Definitely the outsourcing is cheaper.
Many employers and their pay- roll processing employees don’t have the time to research and study ever-changing rules and regulations, changes in rates and other government updation. By outsourcing payroll, small businesses can benefit from the expertise that was previously only available to large organisations. Generally payroll companies have a team of experts who deal with many areas of HR and payroll.
Timely processing of pay- roll by outsourced agencies will help the organization to focus on core business ,thus we can increase the efficiency of the business, Moreover,outsourced pay-roll service will reduce the need for training in-house payroll staff and remove the expense of buying and maintaining a costly payroll system
Hassle Free Pay- Roll Processing :
You don’t have to worry about remembering deadlines or whether you’ve processed your payroll on time. Payroll outsourcing companies will do all of this for you. Moreover, you will be informed of the amounts to be paid for the statutory obligations.