PAYROLL OUTSOURCING COMPANIES IN CHENNAI
With an over of 200000 payrolls processed on a monthly scale, Paysquare is the ultimate leader in this hardcore competitive market. Starting from consolidating the current payroll inputs to the processing of the final payroll service, we have it all. Our team is designed to provide multiple outputs alongside some statutory computations and some filings. No matter how tough the service is, we would like to manage it with efficient and accurate results.
For end to end payroll services, avoid wasting time and catch up with our team, right away. Starting from the basic statutory compliances to the basic payroll calculations, there are quality services, waiting for you to grasp. Through transparent employee communication, we ensure you with complete confidentiality.
In this highly competitive market of Payroll Outsourcing companies in Chennai, Paysquare is the finest name to rely on. There are multiple reasons on why we are leading the chart. Want to know more? Let’s just dive right into the benefits we hold. Through our team, you get the chance to deliver some promising error free work. Join hand with our team for quick query resolution, with the help of our help desk associates. We make sure to consult with our employees at every year’s end for tax saving and investment related solutions. Our team would like to create MIS reports, whenever asked for. Paysquare is likely to provide you with proper security along with integrity of data. For that, we are likely to adopt standardized operational procedure for keeping your information a secret. We would like to create personalized ESS portal, meant for client’s accessibility with logo of your firm. Our team is likely to keep a track of current updates or new regulations in the field of Income tax. And the best part is that our team will implement the same.!
Just to accentuate the value of payroll services, we have sub-divided our services under multiple packages. Just like any other reputed Payroll Outsourcing companies in Chennai, get down with our experts for better help. For the best results, let’s talk a bit more about our services.
- Payroll compliance and processing
- Query management
- Employee self-service
- Client Admin Self Service Portal
Payroll compliance and processing
- Ready to offer pay slip generation with proficient tax details with CTC
- Online investment declaration with tax calculator
- Professional tax advice and return submission
- Proper filing to PF advice and monthly return
- ESIC return and TDS advice
- Bonus advice with professional form of tax advice
- Provident fund advice with monthly return
- Handling final and full process
HOW DO WE ASSIST YOU?
For offering the best help to each one of our clients, we dedicate a separate account manager for the same. No matter whatever queries you have in store, make sure to get that solved with the help of our operational manager. Our account manager is trained to understand the way, in which your company is functioning. Therefore, we would like to offer you with the most promising solution. Among so many other Payroll Outsourcing companies in Chennai, we are the best one to assist you in your payroll outsourcing services.
After making the portal go live, our team will take entire control of the payroll system, under secured manner. For some details, feel free to contact us, right away!
What are benefits for payroll services in Chennai?
Payroll processing is an integral part of any organization, and a small payroll mistake can cost the trust of your employees. This can even result in resignations of talented and reliable resources. The realm of payroll has grown from traditional check writing to complex account processing. It now encompasses everything from computing tax, handling employee forms through to filing and completing all payroll related compliances. There are several benefits of engaging with a capable vendor who offers payroll services in Chennai.
Cost Saving: For any mid-sized organization, to process payroll there may be an average 10 to 15 full time employees working in the payroll division. All of this is direct fixed cost. And typically, their workload volumes are higher towards the end of the month and they need to be redeployed to manage other things during the remainder of the month.
Better Productivity: Payroll outsourcing companies help you to improve productivity by saving time, efforts and costs incurred for carrying out payroll operations in-house. Payroll services companies have a wide range of payroll specialization for different industries, helping the business owner to deliver efficient payroll through better productivity.
Eliminate Payroll Processing Errors: Outsourcing payroll services help in processing costs by employee,by client, by project– all covering the total hours each employee worked or billed. At times there are errors like salary overpayment, errors in tax deduction which needs to be addressed on high priority. These errors can lead to a major conflicts within the company which can be eliminated by outsourcing payroll services.
Using Best of Technology: Payroll services firms use latest cutting edge software tools for payroll processing, tax computation and for minimizing errors and delays. These tools ensure that payroll services vendors are able to offer high degree of automation while they offer payroll processing.
What are benefits for payroll services in Chennai?
Cost: Big businesses can afford to maintain big payroll departments. For small businesses however, an in-house payroll service is a huge expense. If you calculate the hours your employees spend on payroll-related activities, plus payroll software costs, training costs, infrastructure costs, etc, and compare the costs with what a payroll company in Chennai can offer you, you will be surprised as to how cost-efficient a payroll company can be.
Resources: The payroll function can consume a large proportion of your staff resources, especially if the staff in charge of the payroll are not trained specifically to deal with it or have the payroll function as a smaller part of their overall responsibilities. The benefits of outsourcing the payroll include freeing up these resources allowing your staff to concentrate on more essential tasks. You may even be able to reduce your staff size. Outsourced functions also give you better scope for expansion of your company with scalable services suited to your business.
Training: It can often be expensive to employ staff with the necessary training to operate a payroll system. For smaller companies where the payroll role is not enough to warrant a full-time employee, you may have to use your current staff to train in payroll as an additional responsibility to their core role. Your payroll staff will also need to keep up to date with the latest tax procedures and legislation.
Experience: Certain types of employment can lead to complicated payroll structures or scenarios. It pays to have a wealth of experience at your disposal which is something you are unlikely to have with a small in-house payroll department. A good payroll service provider will know all the ins and outs of payroll-related tax laws and latest government legislation.
Accuracy: Payroll mistakes can be painful, upsetting and stressful. A good payroll service provider is far less likely to make a serious error than your in-house staff, as you are paying them for their expertise, knowledge and finely-tuned checking procedures they have in place.
What are Advantages for payroll outsourcing in Chennai?
Payroll Outsourcing in Chennai is very essential for small, medium and large businesses to determining tax obligations, preparing payroll alternatives, preparing checks and providing management reports. To make this payroll process smoother, it is more feasible to outsource your payroll requirements to well experienced payroll outsourcing company. You will be able to free up time to work on other aspects of your business.
Several advantages of outsourcing payroll services are,
Productivity: Outsourcing can free your staff’s time to pursue more important value-added and revenue-generating activities. Payroll execution is a time-consuming and redundant job, and removing this burden can allow your employees to focus on more productive work within their realm of expertise.
Financial Reporting: an outsourcing payroll firms can offer reports such as summaries on earning statements, payroll by departments, cost summaries, time sheets, expenses and other reports. Several reports are provided as standard plus there is the option to provide additional custom reports to meet specific requirements.
Convenience: With outside services, you simply telephone their offices, give them the hours, deductions, and salary amounts of your employees, and the firm processes the check. Many services also let you update employee payroll information on their Web sites. Paysquare offers client admins through a web based portal, so that all the necessary inputs for processing payroll can be provided to the payroll processing team, on time.
What are factors to consider when selecting a payroll management company in Chennai?
Accuracy & Accountability: If there is one area in which employees demand 100% accuracy, it’s their salaries and payslips. Yet, as with any regular and repeated process, inevitable mistakes will be made especially for those organizations with multiple processes and/or global workforces. The cost of these errors for an in-house payroll team can be significant; not only in just time and money, but also in ensuring employee satisfaction (avoiding dissatisfaction).
Service Consistency: While an advantage of in-house payroll can be that the organization recruits and directly manages the performance of the payroll team, these activities do come with a price-tag in both time and money for supervisors. Equally, the resource available for managing the payroll schedule will inevitably vary with vacations, absence due to ill-health and just general turnover of personnel. Outsourcing places these people management issues with the payroll services provider.
Compliance: Any country’s labour laws will have an impact on payroll management. It is important that while processing payroll and filing tax returns on behalf of employees all the necessary compliances are met. In an survey, over 30% of organizations cited, “Maintaining sufficient expertise in payroll teams,” as the greatest risk to the administration of payroll, especially from a compliance standpoint.
Cost: The ‘most important’ benefits of outsourcing payroll were perceived to be increased cost-effectiveness and a significant majority of successful companies are outsourcing their payroll to benefit from the savings in cost.
Why Company should Outsource Payroll Processing in Chennai?
Outsourcing payroll processing in Chennai is more than a matter of ensuring employees are paid on time. Payroll processing is time-consuming and complicated. Neglecting payroll, however, isn’t really an option. While compliance errors can incur costly fines from the tax authorities, missed payroll deadlines can lead to something worse: unhappy employees.
The administrative burden payroll brings can easily have a knock-out effect, especially on closely connected departments like human resources. HR staff will bear the brunt of any employee dissatisfaction, should your payroll performance slip.
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