Payroll outsourcing business in India Upcoming Trends That Will Shape the Future

A report from Price Waterhouse stated that businesses maintaining in-house payroll associated jobs spend 18% more than the average spending of businesses who hire outsourced payroll services.

Access and incorporation of multiple users into a single account in Cloud-based payroll systems.

It has been realized by businesses that the cost of payroll per payslip, if in-house, is around 75%. It is 25% if the same is outsourced.

Payroll outsourcing companies in India will receive increased investment as HR functions, by employing payroll outsourcing, can re-focus and realign their HR budgets on skill development, training and PLIs.

Payroll outsourcing will be seen as the best option to integrate human resource, finance, and online banking seamlessly.