Advantages and Disadvantages of leave management systems in India

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Quite a number of managers have complained about the time and efforts required to handle employees leaves, process the leave information of each employee and to ensure adherence of the company leave policy. Leave applications are meant to be handled on a daily basis and the procedure of processing them involves looking into the employee leave history, that is leaves …

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 …

Why your business needs a payroll management system

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Every organization employs personnel – as full-timers, part-timers, consultants, freelancers, contractors – who work for the company in various positions and receive monetary compensation for their services. These employees are said to be on the ‘company payroll’. ‘Payroll’ is the process of payment of salaries or wages to employees for the work done by them. However, the term payroll isn’t …

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 …