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Payroll Outsourcing

Payroll outsourcing is the act of outsourcing payroll administration to an external vendor having expertise in payroll processes. Companies outsource their payroll functions to cut costs, and to get improved and professional services. At the same time such companies can focus on core business activities with extra time available with a sensitive job off their accountability.

10 reasons to outsource Payroll:

Cost:

Big businesses can afford to maintain big payroll departments. For small businesses, however, an in-house payroll service is a money burner. If your business has fewer than 20 employees, there's a very good chance that you can save money by outsourcing your payroll operations.

Productivity.

Payroll management is a time-consuming activity. With this burden removed, your employees can focus on doing more productive things, and you may even be able to trim your staff's size.

Accuracy.

Payroll mistakes can be painful, angering employees and — more ominously — the government. A good payroll-services provider is far less likely to make a serious error than your in-house staff. Furthermore, if a big mistake is made, you can seek financial restitution from the provider — something you can't do with your own employees.

Reliability.

In-house payroll activities function as reliably as the people doing the work. With a payroll service, output speed and quality won't vary in accordance with vacations and illnesses.

Speed.

Since payroll-services providers are specialists with vast technical resources at their disposal, they can process even the most complex payrolls at lightning-fast speed.

Insight.

A good payroll-services provider will know all the ins and outs of payroll-related tax laws and regulatory mandates on the federal, state and local levels

Accountability.

If paychecks are delayed or paperwork is mishandled, it's the payroll-services provider's responsibility to fix things. If the provider can't (or won't) remedy the situation to your satisfaction, you can sue.

Flexibility.

Boring, repetitive payroll work can act like an anchor on your business. Your staff, when freed of rote payroll responsibilities, will be free to focus on other, more creative work.

Security.

Do you have the time and energy to closely supervise your business's payroll for time and rate abuses and other shady activities? Most payroll services firms have technologies that can spot and alert clients to various types of payroll fraud, such as payment manipulation and "phantom workers."

Worry.

There's a lot to be said for the peace of mind that outsourcing payroll services can bring to a business owner or manager. No headaches, no hassles: You're left to focus on running a profitable business.




Payroll Processing

We offer companies operating in India a range of Processing services Registration,Book Keeping, accounting, Taxation, Vat Solutions and payroll. We offer world-class back office and business process outsourcing solutions. Click here for the list of Processing Services

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