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Key Benefits of Payroll Compliance

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Payroll Compliance

Payroll is an integral part of all organizations. The payroll department is not only responsible for employees’ salary compensation, but it also plays a vital role in protecting the company’s reputation by ensuring compliance with various legislations.

When we talk about regulations and laws made by the government, our thoughts are directed towards the Indian Labor Laws and Acts. Previously laborers had to face severe discriminations like no right to work choice, unfair and inhuman working conditions, no job security, unfair wages, elongated work hours (OT) with meager wages, child labor and no redressal of their grievances. Thus the government had come up with numerous labor laws to safeguard laborers from those discriminations. One such revolutionary law is fair practice of payroll, where laborers are given fair minimum wages under Minimum Wages Act of 1948. Continue reading “Key Benefits of Payroll Compliance”

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5 Crucial Reasons to Outsource Payroll

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Business consultants have long advocated outsourcing non-core functions.

A non-core function is one that is not a profit center. A non-core function may be essential, but doesn’t differentiate your business strategically from competitors.

In most businesses, administrative and back-office activities such as payroll are non-core functions. Continue reading “5 Crucial Reasons to Outsource Payroll”

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Payroll Trends In India

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Traditionally businesses, especially smaller ones, carry out their payroll process in-house and manually. A manual payroll system typically requires a great deal of paperwork and time consuming. A manual process also creates an administrative burden for your HR staff.

Errors in data entry, can create payment issues. This can be resolved by using an integrated software, which can be far more cost-effective than hiring additional staff to handle a growing manual process. Continue reading “Payroll Trends In India”

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Common mistakes people do while processing payroll

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Payroll is the most discuss topic when it comes to employees in HR department. As mentioned in all our articles, payroll is critical, sensitive & needs to be compliant.

Let us understand what needs to be done to avoid basic mistakes while processing payroll.

There are 5 key stages for payroll generation, let us see at each stage what are typical mistakes that can be avoided
Continue reading “Common mistakes people do while processing payroll”

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4 Things Companies Must Check for Selecting a Successful Payroll Outsourcing Partner

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Outsourcing is the buzz & it’s growing multi fold. We all know this.

Traditionally back offices for big corporate houses were outsourced & than sales, customer support & so on.
Continue reading “4 Things Companies Must Check for Selecting a Successful Payroll Outsourcing Partner”

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