Payroll Outsourcing : why outsourcing reduces costs & adds value
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EMPOWERING HR PAYROLL - WHY OUTSOURCING REDUCES COSTS & ADDS VALUE
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“Our state-of-the-art security measures are continuously monitored and evaluated to provide our clients with the confidence that their data is secure and protected. Our service delivery is unmatched which makes us a trusted partner in payroll administration. “says Mr. Sandeep Gupta,Director &CFO of Iris-Corp.
Transcript of Payroll Outsourcing : why outsourcing reduces costs & adds value
EMPOWERING HR
PAYROLL - WHY OUTSOURCING REDUCES COSTS & ADDS VALUE
It is now an accepted fact that payroll outsourcing reduces costs and ensures compliance with all laws and regulations. It also takes off a huge burden from the HR department which would otherwise have to spare manpower for a mundane and apparently innocuous function. Payroll outsourcing leaves you with more time to run your core business activities, besides substantially reducing your overhead costs. It also gives you access to the services of experienced specialists at a fraction of the cost of the in-house equivalent.
Computation of wages and benefits payable to employees working at multiple locations can be a cumbersome process. It can also prove to be time consuming to research and check the frequent changes to payroll legislation. When you run your payroll in-house, the onus is on you to check that you are legally compliant. A lot of valuable time and manpower can be frittered away computing the salaries, benefits and deduction which every employee’s monthly wage bill entails. Payroll outsourcing is very cost-effective in value terms and in saved time.
Payroll management does not mean simply disbursing wages and benefits. Businesses have to check integrity and validation of payroll data and everything that is aligned with it. Companies like IRIS-CORP which are in the business of payroll processing have the expertise to manage and develop effective employee benefit packages and have dedicated employee payroll help lines and online portals. Besides ensuring fiscal and statutory compliance, IRIS-CORP has an enviable record in managing integration with accounting systems. Besides, we are responsible for comprehensive financial reporting to the statutory bodies. Payroll disaster recovery is something which no company can afford to overlook. We take care of the vital aspects as well as the nitty-gritty of payroll management.
Iris-Corp has been handling payroll services with utmost care and unqualified success. We deploy the most up-to-date payroll software applications. Iris-Corp has made adequate provision for management of critical elements like time and attendance, leave administration and employee self-service. “Our state-of-the-art security measures are continuously monitored and evaluated to provide our clients with the confidence that their data is secure and protected. Our service delivery is unmatched which makes us a trusted partner in payroll administration. “says Mr. Sandeep Gupta,Director &CFO of Iris-Corp.
