Human Resource is the core of an organization managing a business from recruiting to paying the salaries of the employees. When a business focuses to go beyond the approach of just giving out paychecks to your employees, ASC’s payroll management services can bring about new industry visions and aid you in putting emphasis on what you do the best ruin away to carry out business smoothly. payroll service providers let you take your human resources management to a higher level.
ASC is among the top payroll companies in India, we know it is challenging for a business to make sure error-free payroll management activities. With HR Payroll management services your business can enjoy a payroll process that is well-timed and precise. As a dependable payroll outsourcing services company, we provide a better and more proficient payroll management procedure for your business.
ESSENTIAL FEATURES OF PAYROLL MANAGEMENT:
- Fast turnaround.
- Aid throughout the complete life-cycle of the worker, right from the day of employment to exist.
- Restructuring of all payroll procedures.
- Less investment in IT infrastructure.
- Well-thought-out resource placement.
- Strict devotion to compliance and statutory needs.
- Error-free documentation, records, and reports.
- Solid business intellect that assists top management with their strategic initiatives.
- Low risk of disadvantages due to non-compliance.
- Quick and effective resolution of all employee matters.
Tailor-made solutions for different-sized companies:
- Managing payroll entirely within your business can be a headache because of strict penalties for non-compliance to statutory needs, and other issues that are not direct.
- It may seem easy from the outside, but many businesses that do their own HR payroll processing eventually determine that it may not be all that cheap and simple.
- For many businesses, payroll outsourcing services provide an attractive alternative to in-house processing.
- It can offer a simpler, reasonable way of paying employees, filing taxes, and executing other activities associated with HR & payroll management.
- We provide inventive and entirely tailored solutions to all businesses irrespective of their size and the domain that they are in.
- Our payroll resolutions will directly address all the needs of payroll management.
- We aid company’s recovering their competitive gain with the support of customized solutions built on the foundation of vast domain experience, qualified professionals, and advanced technology.
- This permits us to provide our clients with the confidence to meet all their commercial challenges.
How ASC Helps?
- Providing Employee Self Service (ESS) that is online technology for employees to generate salary slips, submit IT declarations, decide FBP, and submit queries.
- Providing Online Access to View/Print Salary Slip.
- Tracking Automated Attendance, Leave Import/Export Solution.
- Assist with Web-based Leave Solution.
- Providing Reimbursement Management.
- Replacing Excel to Web-based Processing of Payroll, Reimbursement, F&F, Issuance of Reports, Issuance of E-challan.
- Providing Effective payroll administration that can be a catalyst for this transformation.
- Providing payroll management solutions.
- Recruiting the employees as per the requirements of the organization.
Frequently Asked Questions
What is the best payroll payment frequency to the employees of any organization?
One of the best payroll frequencies that any HR service providers or payroll companies would suggest is to go for a monthly payout. This ensures that the employees receive their pay at regular intervals while ensuring seamless payroll management service for the organization. Other payroll frequencies include:
- Weekly: This is usually practiced by construction companies, retail organizations, and other companies employing skilled and unskilled labours.
- Bi-weekly: Here, the payroll frequency is 26 times a year. However, the payroll processing costs are lower than the weekly payroll processing. A day is usually fixed and the payment is released each alternate week on that day.
- Semi-Monthly: Here, the payroll frequency is 24 times a year whereby the payment is released twice each month. It could be the 1st and 15th or any other two dates of the year.
How are payroll outsourcing services beneficial as compared to internal payroll management services?
Payroll management services provide the following benefits to organizations:
- Timely and accurate HR & payroll management due to expertise and experience
- Payroll service providers suggest the best HR and payroll practices
- Timely adherence to multiple labour and taxation laws
- Outsourcing payroll management services to payroll companies free up your manpower and allows you to concentrate on more productive tasks.
What is the role of HR & payroll management services?
An HR & payroll management service provider will perform the following functions for your organization:
- Accurate calculations of payroll
- Management of employee database
- Manage employee insurance and coordinate with the government departments for the same
- Preparation of salary slips, Form-16, and other statutory payroll documents
- Ensure accurate leave calculation
- Ensure timely and accurate tax and statutory filings