You would be amazed of the time and money you can save by a simple decision of outsourcing your payroll department. Let us see what is eating up your precious money while you should have been spending it on core business areas.
Employing an in-house team of payroll professionals can be a daunting task, because the cost of hiring, training and retaining these professionals on an individual level will drain the life out of you. Payroll Specialists demand higher salaries year on year increasing your total cost compared to subscribing to a simple pricing plan from a payroll consultancy.
Many companies choose payroll software as a replacement, failing to understand the entire picture of payroll outsourcing. Payroll Software can only solve basic functions of calculation and distributing salaries and generate monthly reports. The whole idea of payroll outsourcing stems from creating a group of highly skilled payroll specialists focused on solving unique demands and executing a long list of payroll related functions of a company in the most cost-effective manner.
While you are calculating payroll, printing, signing pay checks and coordinating with accountants, time falls short for important strategic functions of your company. You might argue that payroll function is an end-of-the-month event of just paying salaries and compliances. The reality is you must spend ample time in handling large amount of employee data to make sure a pay check was paid right.
Free of Statutory Compliance responsibility:
The laws of Indian Payroll compliance apply to companies big or small. Today many companies have realised that most of their employee’s payroll related grievances are legally bound. Interactions regarding compliance between employees and company fail drastically due to the lack of clear understanding of these laws.
A payroll & statutory compliance service provider can handle any number of legal matters relating to employee payroll, taking over the burden of your responsibility.
Another important factor in compliance is the avoidance of legal penalties. Companies end up paying huge sums of money unable to keep up with an ever-changing rulebook of the government. A Payroll Consultancy maintains a constant relationship with government authorities to make sure no law slips away from updating. You have the added benefit of educating your employees about these updates from an outsourced company without your involvement.
Why Prolific HR?
Prolific HR is in the business of payroll outsourcing services for more than 10 years servicing 6000+ employees pan India and understands the Indian compliance system inside out.
• Generate employee payslips
• Comply 100% with EPFO, ESIC, TDS, LWF & PT of India
• Avoid non-compliance penalties from EPFO and ESIC
• Relax during inspections from government authorities
Employees require a dedicated support system be it for their questions regarding salary, status of their claims, leaves, employee rights, compliance or a wide array of work-related grievances. We provide swift and clear guidance in resolving your employee’s demands.
Simplify your payroll
Reduce your time and money on vast payroll administration. Leave the risky and intricate employment-related compliance to our experts. Enjoy easy and fast disbursement of salaries through electronic transfer and consolidate meaningful employee information for better tracking and audits.
Focus on business
The key reason to outsource your HR functions is to gain focus on the bigger picture. The least of your challenges should be compliance and management of employee related information. Invest your resources in profit generating functions and manage your employees with confidence.
What are the services provided in Prolific HR’s Payroll Outsourcing?
Manage Employee Database
UAN registration for new employee
ESIC registration for new employee
Generating Payslip for all employees
ECR Challan generation, uploading in PF Portal & generating Bank Challan
ESIC Challan generation, uploading in ESIC Portal & generating Bank Challan