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.
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Payroll outsourcing Pros and Cons
1. Why you should definitely
invest in outsourcing Payroll
Remunance Systems Pvt. Ltd.
2. 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
3. Payroll outsourcing services in IndiaPayroll 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.
5. 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
6. • 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.
7. 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.
8. We Offer You as Service
• There 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.
9. • 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.
10. Why you should definitely invest in
outsourcing Payroll to Remunance…
• Save TimeSave Time
• Save EnergySave Energy
• Save on Human ResourcesSave on Human Resources
Remunance brought You this Presentation
12. Contact UsContact Us
• 11 - Erandawane Phatak Park, Off Karve Road Pune -
411004, India.
• Phone: (+91-20) 25453788
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