Why Outsource Payroll?
One of the most time consuming functions of any company's human resources department is payroll. With more and more companies looking for ways to remain competitive in today's business environment, it is not surprising that outsourcing the entire payroll operations has become an increasingly popular option.
Benefits of Outsourcing:
Cut down on costs
Avoid IRS penalties
Focus on core business objectives
Offer direct deposit
Leverage the payroll expertise of your vendor
Alleviate the pain of handling payroll
Our Payroll processing services are:
Cost effective
Comprehensive
Confidential
Accurate
Timely
We handle the entire Payroll processing from start to finish:
Maintenance of employee database
Monitoring of Leave & Attendance inputs
Pay computation
Generation of Employee Payslips
Generation of Pay summary
Monitoring Statutory compliances with labour laws like PF, ESI, etc.
Monitoring compliances with Tax laws, including Income Tax, Professional Tax, etc.
Generation of Monthly & annual returns to be filed under various statutes
Income Tax computation for employees
Monitoring of Tax deduction at source for employees
Structuring & Monitoring of employee perquisites & annual benefits like LTA, Medical allowance, Gratuity, Bonus , etc contd…
Employee Compensation structuring and Employee Tax Planning
Structuring of incentive schemes and Employee Stock Option Schemes
Generation of MIS & other reports on employee compensation
About our Payroll software :
The software captures comprehensive payroll data including:
Features of Payroll Software
Easier to manage Database
Mature solution with strong references
Work with the leader in Payroll software and continues to invest and innovate
Flexi Reimbursement
ESS (Employee Self Service)
Report Generator (Own designed format)
Special Features:
Digitally Signed Form16
Parametric Driven Income Tax, Profession Tax, Provident Fund and ESIC rules
Easy upgrades
Import / Export utility
Arrears calculation
Generate all Statutory forms and reports
Data Security :
Our Payroll software is tested & proven by all IT security norms.
Inputs received are stored in Data Server at Centralized Location , and are password protected to identified users.
The Web & Database Servers running are protected with Firewall and Antivirus softwares
Regular(Weekly/Monthly) backups of the data are taken at in & out of payroll processing unit.
Data security & confidentiality is assured:
Complete confidentiality will be maintained.
The reports will be sent to you in either soft copy or hard copy form, whichever you prefer.
Regular backups are taken to ensure data is not lost.
We have a reliable & dedicated internet service provider to transfer the data back & forth with accuracy and timeliness
Steps to ensure Perfection :
Step 1: Reconciliation of No. of Employees for whom the payroll is processed for the month through the system.
Step 2: Net/Gross salary for Current month is reconciled with the preceding month by the System to know the Effect of Variance due to the inputs fed into system.
Step 3: 3 out of 50 Employee’s pay will be taken at random and cross verified with the inputs.
Why Us ?
The entire Payroll Processing is done by experienced,qualified and competent professionals with domain expertise in payroll processing, accounting & related tax issues.
We employs high quality professionals at each stage of the assignment to ensure error free delivery.
The entire process is done on the basis of set procedures, controls, check lists and activity charts
We can also offer help desk to the HR Dept to clarify employee related queries reg taxation, payroll etc
For any further queries & clarifications please feel free to contact us.
Thanks,
Kishan Sharma
Email:sales@kvision.in
M:+91-9711188041
From India, Delhi
One of the most time consuming functions of any company's human resources department is payroll. With more and more companies looking for ways to remain competitive in today's business environment, it is not surprising that outsourcing the entire payroll operations has become an increasingly popular option.
Benefits of Outsourcing:
Cut down on costs
Avoid IRS penalties
Focus on core business objectives
Offer direct deposit
Leverage the payroll expertise of your vendor
Alleviate the pain of handling payroll
Our Payroll processing services are:
Cost effective
Comprehensive
Confidential
Accurate
Timely
We handle the entire Payroll processing from start to finish:
Maintenance of employee database
Monitoring of Leave & Attendance inputs
Pay computation
Generation of Employee Payslips
Generation of Pay summary
Monitoring Statutory compliances with labour laws like PF, ESI, etc.
Monitoring compliances with Tax laws, including Income Tax, Professional Tax, etc.
Generation of Monthly & annual returns to be filed under various statutes
Income Tax computation for employees
Monitoring of Tax deduction at source for employees
Structuring & Monitoring of employee perquisites & annual benefits like LTA, Medical allowance, Gratuity, Bonus , etc contd…
Employee Compensation structuring and Employee Tax Planning
Structuring of incentive schemes and Employee Stock Option Schemes
Generation of MIS & other reports on employee compensation
About our Payroll software :
The software captures comprehensive payroll data including:
Features of Payroll Software
Easier to manage Database
Mature solution with strong references
Work with the leader in Payroll software and continues to invest and innovate
Flexi Reimbursement
ESS (Employee Self Service)
Report Generator (Own designed format)
Special Features:
Digitally Signed Form16
Parametric Driven Income Tax, Profession Tax, Provident Fund and ESIC rules
Easy upgrades
Import / Export utility
Arrears calculation
Generate all Statutory forms and reports
Data Security :
Our Payroll software is tested & proven by all IT security norms.
Inputs received are stored in Data Server at Centralized Location , and are password protected to identified users.
The Web & Database Servers running are protected with Firewall and Antivirus softwares
Regular(Weekly/Monthly) backups of the data are taken at in & out of payroll processing unit.
Data security & confidentiality is assured:
Complete confidentiality will be maintained.
The reports will be sent to you in either soft copy or hard copy form, whichever you prefer.
Regular backups are taken to ensure data is not lost.
We have a reliable & dedicated internet service provider to transfer the data back & forth with accuracy and timeliness
Steps to ensure Perfection :
Step 1: Reconciliation of No. of Employees for whom the payroll is processed for the month through the system.
Step 2: Net/Gross salary for Current month is reconciled with the preceding month by the System to know the Effect of Variance due to the inputs fed into system.
Step 3: 3 out of 50 Employee’s pay will be taken at random and cross verified with the inputs.
Why Us ?
The entire Payroll Processing is done by experienced,qualified and competent professionals with domain expertise in payroll processing, accounting & related tax issues.
We employs high quality professionals at each stage of the assignment to ensure error free delivery.
The entire process is done on the basis of set procedures, controls, check lists and activity charts
We can also offer help desk to the HR Dept to clarify employee related queries reg taxation, payroll etc
For any further queries & clarifications please feel free to contact us.
Thanks,
Kishan Sharma
Email:sales@kvision.in
M:+91-9711188041
From India, Delhi
Hi Kishan Sharama, I am looking for openings in payroll operation as a Team Leader, i am working in chennai. if you have any openings in organisations, please let me know. Regards, Srinivasalu R
From India, Madras
From India, Madras
7
Payroll outsourcing services offers multitude of benefits to the corporate sector, especially to small and mid-sized enterprises.
Some of the noteworthy benefits are :-
Free up your time: Payroll processing is indeed a brain storming process. Outsourcing payroll can free up staff to pursue other important value added and revenue generating activities.
Trim costs: The direct costs of payroll processing can be greatly deduced by working with an efficient payroll provider. Moreover, cost saving for the company on outsourcing payroll processing is extremely significant and it can go up to 500% at times also.
Avoid penalties: By outsourcing payroll, you can free yourself from worrying about fines and penalties. It is believed that nearly 40% of businesses pay penalties due to late or incorrect fillings. But this unwanted situation can be avoided by availing the services of a payroll provider as many payroll outsourcing companies also give a tax guarantee and they make sure that you do not need to pay any fine. For this reason alone, it is justify to outsource payroll.
More time to pay attention towards core issues: Management can now focus more on dealing with pivotal business issues instead of the nitty gritty issues. This in turn help in saving time and energy which can be utilized for better use.
Curtail risk potential: Doing payroll on your own is indeed a risk process as along with your core issues, you need to take care of other confusing aspects of payroll also, like updating tax tables, submitting reports and making payments. This diverts the attention from important work and at the same increases the change of occurrence of mistakes. But by outsourcing payroll, you can free yourself from such woes.
Walkouts doesn’t panic anymore: Losing an employee who does the payroll to a new employer is no longer a big deal if you outsource your payroll system.
Expert service only a call away: Outsource payroll experts are always available at your beck and call, so you don’t need to keep a close watch on the constantly changing rules. Also, you are now free from updating your latest payroll software.
Attenuate pain: Manual payroll is a headache and many times becomes a nightmare in the worst case. Business owners who outsource payroll curtail a tiresome source of personal pain.
Seven Consultancy is one of the top recruitment consultancy in Mumbai, Navi Mumbai & Thane. Our consultancy firm has dedicated specialized team for consultation.
http://www.7consultancy.in
From India, Mumbai
Some of the noteworthy benefits are :-
Free up your time: Payroll processing is indeed a brain storming process. Outsourcing payroll can free up staff to pursue other important value added and revenue generating activities.
Trim costs: The direct costs of payroll processing can be greatly deduced by working with an efficient payroll provider. Moreover, cost saving for the company on outsourcing payroll processing is extremely significant and it can go up to 500% at times also.
Avoid penalties: By outsourcing payroll, you can free yourself from worrying about fines and penalties. It is believed that nearly 40% of businesses pay penalties due to late or incorrect fillings. But this unwanted situation can be avoided by availing the services of a payroll provider as many payroll outsourcing companies also give a tax guarantee and they make sure that you do not need to pay any fine. For this reason alone, it is justify to outsource payroll.
More time to pay attention towards core issues: Management can now focus more on dealing with pivotal business issues instead of the nitty gritty issues. This in turn help in saving time and energy which can be utilized for better use.
Curtail risk potential: Doing payroll on your own is indeed a risk process as along with your core issues, you need to take care of other confusing aspects of payroll also, like updating tax tables, submitting reports and making payments. This diverts the attention from important work and at the same increases the change of occurrence of mistakes. But by outsourcing payroll, you can free yourself from such woes.
Walkouts doesn’t panic anymore: Losing an employee who does the payroll to a new employer is no longer a big deal if you outsource your payroll system.
Expert service only a call away: Outsource payroll experts are always available at your beck and call, so you don’t need to keep a close watch on the constantly changing rules. Also, you are now free from updating your latest payroll software.
Attenuate pain: Manual payroll is a headache and many times becomes a nightmare in the worst case. Business owners who outsource payroll curtail a tiresome source of personal pain.
Seven Consultancy is one of the top recruitment consultancy in Mumbai, Navi Mumbai & Thane. Our consultancy firm has dedicated specialized team for consultation.
http://www.7consultancy.in
From India, Mumbai
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