Payroll outsourcing Pros and Cons

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    18-Dec-2015
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Payroll outsourcing is very tempting and companies are using it but it might have some risks involved in it. Remunance suggested to look for both the advantages and disadvantages of using the outsourcing service, before hiring it.

Transcript of Payroll outsourcing Pros and Cons

  • Why you should definitely invest in outsourcing PayrollRemunance Systems Pvt. Ltd.

  • Payroll outsourcing is very tempting and companies are using it but it might have some risks involved in it. Its suggested to look for both the advantages and disadvantages of using the outsourcing service, before hiring it.Remunance brought You this Presentation

  • Payroll outsourcing services in India Payroll outsourcing services in India refers to an allocation of some specific business processes to an expert but external payroll service provider.

    In today's time where the organizations, prefer to outsource their processes, there are several reasons behind that which they consider beneficial for the company

    Especially when it comes to payroll, most of the companies prefer to outsource the process, as it is a temporary process and is done once in a year or in six months, for which they don't want to hire a whole team of professionals.

    This increase in Payroll outsourcing services India led to the development of several payroll service providers.

  • PAYROLL OUTSOURCING SERVICES PROS AND CONS Remunance brought You this Presentation

  • Payroll Outsourcing Services - Pros

    Save A Lot Of Companies Time As The Service Provider Will Be Responsible For Calculating The Pay, Deduction And Them Remitting Checks To Employees And Taxation Authorities

    Save The Cost Of Printing The Pay Stubs

    Check In/Out Function For The Employees, Which Will Save Your Time From Calculating How Many Hours An Employee Has Worked

    Calculates The Taxes With Full Accuracy As The Payroll Service Provider Is Well Aware Of All The Deductions And Can Handle Them Accurately In The Employees Payment

  • Especially For A Small Business Owner, It Will Lessen Your Capital Investment In The Business As Managing It Internally Always Cost More Than Outsourcing It

    If Your Business Is Growing Rapidly Then Outsourcing Payroll Will Reduce A Lot Of Your Burden As It Will Bring More Ease And Flexibility Of Operations, While You Can Concentrate On Your Core Business Instead Of Thinking About The Payrolls.

    You Can Get Better Payroll Services Since You Are New In The Business And Know Less About The Payrolls, It Will Help You In Availing The Best Services Available In The Market.

  • Payroll Outsourcing Services - Cons

    In case you hired a wrong company to do your payrolls, it can produce a lot of errors. Hence selecting a proper service provider is very important.

    In case you failed to pay the taxes on time or the paid taxes were not accurate, you will be responsible for that, not the company which you have hired to do your taxes and payroll.

    Several payroll companies offer other lucrative services along with the payroll one which are inclusive in the package, which might result in increasing your cost.

  • We Offer You as ServiceThere Will Be Complete Administration Which Is Helpful For The Employees And The Management.

    Right From The Date Of Joining There Will Be Full Pledged Information Which Is Recorded For Every Employee.

    There Are Many Numbers Of Tax Tables And As Well Various Other Forms Which Are Useful For Making Calculations.

  • Leaves are a common thing and even inevitable at times of need.

    Sick leaves and all the other holidays are generally managed here without any sort of issues or confusions.

    Quarterly or half year bonus and as well commission based on the performance are common with any company. All these are recorded and can be used to analyze for the future use.

    All sorts of returns are happily filed and can be used as a reference for the future filling of forms without any hassles.

  • Why you should definitely invest in outsourcing Payroll to RemunanceSave Time

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    Save on Human ResourcesRemunance brought You this Presentation

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