Payroll Outsourcing Services by PionHR
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PionHR as your Payroll Outsourcing Company in Delhi
PionHR provides affordable Payroll Outsourcing in India. It suits the payroll management needs of companies across various industries. With our payroll outsourcing, you’ll be assured of minimum paperwork and maximum result. Payroll Management may be a vital process, but it’s time-consuming also. We take the burden of Payroll Management off your shoulders because the Payroll Outsourcing Company in Delhi provides the best service. Now you’ll look out at your business’s two most precious assets, i.e. People & Money, with relative ease.
We confirm that the payroll records are error-free. however, we understand that you’re always worried about the safety of your data. Hence, PionHR maintains the safety of the info of the clients with optimum care. Consequently, we maintain a high standard by following efficient procedures to utilize the knowledge as per the legal norms.
We have a thorough understanding of payroll management, backed up by years of expertise in the field. Our team consists of various industry experts. Therefore we’re up so far to the newly launched regulations of labour and tax law.
Payroll Outsourcing services by PionHR:
1. PionHR Software – the core offering
2. Payroll Outsourcing – supported by PionHR verified consultants
3. Statutory Compliance – supported by PionHR verified consultants (PF/ESI/TDS/PT/Labor Laws)
4. Tax Proof – Proof checking, Verification – supported by PionHR verified consultants
One time master setup and monthly payroll processing
The pioneering software only requires a one-time master setup. Because once you found out the software as per your needs, you will not need to set it up again unless you would like to form any changes. Besides that, PionHR runs a monthly payroll process as per the clients’ requirements.
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In Payroll Outsourcing, employers hire a 3rd party to handle Payroll Outsourcing Management to save lots of time, B other important resources.
Payroll Management isn’t almost paying your employees. Nobody gets into a business to manage paperwork and keep track of payroll management. Therefore, Payroll Outsourcing helps people specialize in the first objective of their business.
Payroll Outsourcing is when an employer contracts a third-party company. That specializes in payroll management. Payroll Outsourcing is useful for employers because it lets them specialize in other aspects of the business. For example, rather than using resources for Payroll Management, an employer may use his resources for profit-making.
More or less, it refers to managing the financial records of a company’s employees. Employee data such as salary, incentives, bonuses, deductions, and net pay are part of payroll management. Who must keep these records following the law? If an employer fails to suits the tax laws associated with employee records, the employer are often subject to legal consequences.
Why do you have to outsource your monthly payroll processing?
There are compelling arguments for both methods of handling your employees’ payroll.
Outsourcing payroll processing:
When you outsource your payroll management, you gain access to the following benefits:
1. consider your core business objective and helps you save time, effort, and resources.
2. Outsourcing to an expert within the industry helps you get on top of the newest statutory changes.
3. Payroll outsourcing helps you save money and minimize risk.
Let’s check out what PionHR can do for you – as a business owner, as an HR Manager/Head, as an Accounts Manager/Head, etc.
How does Payroll Outsourcing work?
The data of your employees is collected and processed by a Payroll Outsourcing business. The worker data consists of hire date, job title, pay rate. Once the info is processed, the pay thanks to each employee is calculated. The quantity due is then paid off. Either by issuing a cheque or depositing it within the employees’ checking account.
What’s included in Payroll Outsourcing?
- Running payroll.
- Issuing payroll checks or depositing payroll amount within the bank accounts of the workers.
- Calculating payroll taxes and making tax payments
- Filing government reports
- Managing employee benefits
- Taking care of Social Security and pension contributions
Payroll compliance is important whether you’re recruiting your first or hundredth employee. Because there’s more to payroll than simply paying your staff, it’s also linked to tax accounting. Therefore if you do not suits the law, you and your business may face legal consequences.
Payroll compliance is additionally used as a suggestion to calculate. because it is additionally wont to calculate the following:-
- Provident Fund (PF)
- Employee State Insurance (ESI)
- Professional Tax (PT)
- Make PionHR your Payroll Outsourcing Business Partner
- A simple case study:
- Customer: Bangalore based
- Employee Count: 700+
- Locations: Across India – Major cities.
- Requirement: HR automation + Payroll outsourcing.
CTC based reimbursements. Dynamic tax calculations supported bonuses and incentives. Tax calculations. Reports.
Used payroll software + 3rd party payroll outsourcer.
Software + dedicated Payroll Manager.
PionHR Software Usage:
Employee Profiles. Leaves. Attendance. Expense Claims. HR Drive. Performance Reviews. HR Analytics. MIS Reports and Streams.
Payroll Manager Activities:
Verify input file – Leave & attendance. Process new joiners. Update CTC/salary revisions. Bonuses & incentives. Run payroll. Generate salary register. Provide statement. Release payslips. Provide tax reports.
One piece of software with payroll processing equals a single point of contact. Dedicated account manager and payroll manager. Smooth and effective salary processing month on month.