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BEST Payroll Outsourcing Services India

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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 (meaning, you don’t charge customers for it). 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.

Outsourcing Payroll (non-core function) means an act of delegating payroll administration to third party having expertise in payroll processes. Generally companies outsource their payroll functions to cut costs, and to get better services and to ensure smooth and error free monthly payroll cycle.

But the question business owners and managers want answered is:  what do you actually gain from outsourcing payroll? Is it worth all the time and effort to investigate and identify appropriate and the best outsourced service providers?  Then there’s the work involved to transition the function outside to the third party service.  Do the benefits of outsourcing outweigh that effort? Continue reading “BEST Payroll Outsourcing Services India”

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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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