Payroll Processing

From payroll management to leave/attendance management, reimbursement management, statutory compliances, we can help you.

payroll-processing

While HR needs to focus on talent acquisition and retention, transactional HR & payroll activities can be outsourced. Managing payroll within the organization can be a tough task because of penalties for non-compliance to statutory requirements, employee satisfaction, timely generation of payroll and other issues. In terms of cost also, the companies that do their own payroll processing finds that it is not that all cheap and simple, especially when you consider the time that is spent in managing the entire process. Further, generally HR or accounts department process payroll in the organization. Considering sound business control & process, payroll should be processed independently of HR or accounts department.

We can provide completely customized solutions to all organizations starting from payroll processing to statutory compliances including attendance & leave management, employee reimbursement, employee self-service, manager self-service, and reports & MIS are offered as managed payroll services, regardless of their size and the domain that they are in. Here are some of payroll services we provide

  • Payroll management
  • Employee letters management
  • Attendance management
  • Leave management
  • Employee reimbursements
  • Employee self-service/Manager self-service
  • Performance management & appraisal
  • Statutory compliances including PF, ESI, LWF etc.
  • Replace excel based processing to web based processing

Following are the few benefits of outsourcing the payroll processing -

  • Processing of payroll independent of HR or accounts department
  • SLA driver approach
  • Anywhere access to payroll data throught employee self service portal/manager self service portal/web application
  • Employee lifecycle management, right from recruitment to exit
  • No investment in IT infrastructure
  • Best industry practices
  • Speedy & effective resolution of employee problems
  • Better statutory compliances
  • MIS as required by management
  • Streamlining off all payroll processes

From payroll management to leave/attendance management, reimbursement management, statutory compliances, we can help you. We work on fully variable basis. Our plans are structures per employee basis. These could be customized basis requirement of an organization.

Cost benefit analysis

In- House Operations

  • Manpower costs- Processing and supervisory staff
  • Other indirect cost such as staff welfare, incentives etc
  • Cost of software application and implementation
  • Cost of database license, Software and database AMC
  • Infrastructure cost such as workstations, servers and desk
  • Dependency on the software application provider for implementing the required patches.
  • Over -burdening of the processing staff leads to avoidance of the queries
  • More time is spent on ensuring accuracy and compliance
  • Lack of exposure to the industry-best practices

Outsourced Operations

  • Lump-sump, generally based on the employee strength/number of transactions, may results in savings
  • Assured quality & Service levels
  • Enhanced Query resolution
  • Allows organizations to concentrate on core business
  • Outside expertise & adherence to the best practices in outsourced setup

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