The document discusses the challenges of managing payroll internally and recommends outsourcing payroll to a specialist provider. Key points include: - Payroll is a complex process that involves factors like compensation, benefits, taxes, attendance and more. Doing it manually is error-prone. - Automating payroll requires investing in specialized software, ongoing maintenance and customization, and infrastructure for backups and security. - Rather than worrying about the technology, companies should consider outsourcing payroll to an expert provider like Paysquare that processes over 100,000 payrolls monthly for over 250 clients. - Outsourcing ensures accuracy, compliance with regulations, integration with other systems, training and support from experts.

1. Does Buying
Payroll Software
Your
payroll challenges?
SOLVE

2. HR across companies has several
Important Components

3. Important components of HR
Recruitment Compensation & Benefits
HR

4. Payroll – “cannot be in business” without it

5. Payroll – “cannot be in business” without it

7. Payroll affects
employee
motivation,

8. Payroll affects
employee
motivation,
employee morale

9. and when not done right,
has the potential
of hampering
employee
productivity

10. To be able to efficiently
manage your payroll process,
you need to take care of a
variety of things including

11. Factor in varying salary structures
across hierarchies within the
organization

12. Factor in varying salary structures across hierarchies
within the organization
1
Factor in Attendance data from
biometric or other attendance
monitoring systems

13. Factor in varying salary structures across hierarchies
within the organization
1
Factor in Attendance data from biometric or other
attendance monitoring systems
2
Look up Leave cards and check
eligibility, approvals etc. before
processing payroll

14. Factor in varying salary structures across hierarchies
within the organization
1
Factor in Attendance data from biometric or other
attendance monitoring systems
2
Look up Leave cards and check eligibility, approvals etc.
before processing payroll
3

15. Verify if the employee has taken any
loan, understand interest calculations
and repayment schedule

16. Verify if the employee has taken any loan, understand interest
calculations and repayment schedule
4
Make sure that you consider tax
declarations made by the employee

17. 4
Make sure that you consider tax declarations made by the
employee
5
Verify if the employee has taken any loan, understand interest
calculations and repayment schedule
Over and above all this, make sure that
you comply with govt. regulations
related to PF, Income Tax etc.

18. Over and above all this, make sure that you comply with govt.
regulations related to PF, Income Tax etc.
6
4
Make sure that you consider tax declarations made by the
employee
5
Verify if the employee has taken any loan, understand interest
calculations and repayment schedule

19. Doing all this manually can be a nightmare. You need to automate
several of these activities, invest in a software to ensure repeatability and
process compliance
Over and above all this, make sure that you comply with govt.
regulations related to PF, Income Tax etc.
6
4
Make sure that you consider tax declarations made by the
employee
5
Verify if the employee has taken any loan, understand interest
calculations and repayment schedule

20. When you are deciding on the
software, you should consider several
related factors as below

21. Deciding on the right software
itself is a very difficult task.
Once decided it becomes
prohibitive to change this
decision at a later stage

22. Your teams need to be trained on
utilizing the software efficiently,
as there is no room for errors.
This starts eating up
management bandwidth.

23. The technology needs regular
updates and maintenance and
may also need customization to
configure changing regulations/
internal policies.
In the absence of technical expertise
in-house, all of this increases
dependency on the vendor and
can be very expensive

24. To manage software
installations/support, you need to
have your own IS team, own
infrastructure, make sure of
back-
ups, security, redundancy
etc.
All this involves cost as well

25. You need to check the capability
of the software to integrate with
other systems like attendance
system, leave management system,
Accounts data etc

26. Rather than worrying about technology, its time you
considered a payroll outsourcing specialist
12+ years exclusive focus
Over 100,000+ monthly payroll
records processed
Over 250+ clients

27. Proven Accuracy / Consistency
Why Paysquare ?
International standards
Domain knowledge
Single window secure 24*7 access
Easy integration & migration
Strong Automation & processes

28. Some of our customers

30. Web – www.paysquare.com
Blog – http://www.paysquare.com/blog
Thank You