What are payroll outsourcing services or simply payroll services?
When the salaries of an organisation are processed by a specialist payroll company, like Weavings, it is termed as payroll outsourcing services or simply payroll services. The payroll service providers take care of all payroll-related tasks so that your staff gets paid correctly on time, every time. Since your HR, finance and admin teams are not required to get involved in monthly payroll, they can devote their precious time to more productive work.
What happens when you outsource payroll?
After you initiate payroll services outsourcing, the payroll company will fix up a series of meetings with your concerned departments to fully understand the requirements. Once the roadmap is agreed upon between the client and payroll services provider company, the payroll company will take over all the payroll related duties. Employees are able to access their individual dashboard through the self-service portal anytime, anywhere to check leave entitlements, balance leaves, salary slips and attendance management among many other options. Payroll services outsourcing is the best option for small and big companies alike.
What does a payroll service do?
Best payroll service providers, like Weavings, offer a bouquet of payroll services which includes accurate, timely and compliant payroll. Payroll services also take care of other statutory compliances like handling Employee Provident Fund (EPF), Employee State Insurance (ESI) and Professional Tax among others. In short, payroll services take all the payroll related responsibilities off the shoulders of HR and finance teams. This lends freedom to organisations to utilise their time in more productive pursuits.
How payroll outsourcing can help your business?
Payroll services outsourcing helps businesses by taking off the payroll burden off the shoulders of HR and Finance teams. Some of the benefits outsourcing payroll services are:
- Timely, accurate and fully compliant payroll
- Online access to payroll portal with real-time data and statistics,
- Tax computation sheets done for you.
- Timely filing of all statutory taxes, helping your business remain fully compliant at all times.
Which are the best payroll outsourcing companies in India?
Although there are a number of payroll outsourcing companies in India but Weavings is the leading payroll services in India you can rely upon for all your HR and payroll services. Weavings has a highly trained staff which is always happy to help. Weavings is well respected for its utmost professionalism and superlative client satisfaction. Feel free to get in touch with us today!