What employee information required for processing payroll

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Handling and managing an individual’s time and attendance to prepare payroll manually is a very difficult and time consuming process. Paysquare has made this process easier. Many companies are increasingly relying on us for the past 15 years to calculate employees’ salaries accurately and quickly. Not just existing set of employees but new employee orientation should be managed in an …

Why is payroll process important for any organization

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Employees are considered the most important resource of the organisation. Thus companies  spend copious amounts of time recruiting, training and maintaining sufficient employment for their business operations. One of the most important tasks thus is processing of their payroll. Employees need to be able to rely on being paid on a consistent basis without delays. Irrespective of the size of …

When and why you should outsource payroll process

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Out of all the non-core processes that organisations can outsource to external service providers, payroll remains one of the most popular areas. Recent studies reveal that it will increasingly be leveraged in the near future as well. Outsourcing payroll has proven to provide a host of potential cost savings as well as significant relief from the compliance burden which makes …

How to process payroll for small businesses

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Payroll processing services is an important function in every business organization but it consumes a lot of time and require great accuracy. Timely and effectively management of payroll plays an important role in increasing the morale of the employees. Typically many small companies consider carrying out payroll processing in-house for the following reasons: they consider in-house processing to be more …

How do employee self-service portals help in managing payroll issues

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Traditionally, payroll functions within organizations operate like a black-box. The only thing that comes out for employees are payslips and tax reports (apart from salary credits, of course & issue of cheques in some traditional companies). Today, with the availability of online employee self-service portals for payroll, this process is getting a lot more transparent (yet secure & authenticated). This …