Free Articles  >>  Business And Finance >>  Page 10  >> 

Payroll Outsourcing Companies in India

What is Payroll Outsourcing?

Businesses have to constantly grow; keep their clients as well as their employees constantly engaged, and take care of so many secondary things. Effectively, companies want their employees to stay focused on more demanding roles. One of the issues faced by the companies is payroll processing when their employees do not possess the necessary skills to deliver to this task. Thus, it has become one of the best practices in the industry to outsource payroll. Payroll outsourcing is a business practice where companies transpose their payroll administration to an external third-party. The contacted party can aid in monthly processing payroll, withholding taxes, preparing returns to government agencies, etc. Outsourcing helps in increasing the efficiency of the overall business by handing over the job to experienced and expert payroll providers and is becoming a viable option for many business organizations by replacing in-house processing of payroll.

Why to Outsource Payroll?

It is extremely important for businesses to acclimatize themselves to increasing requirements of payroll obligations. Often the in-house administration is unequipped with the required knowledge because of which the departments like HR feel overloaded and the business faces certain shortcomings. These might include delays in making payments to the employees, incurring fines due to compliance issues, etc. Consequently, companies rely on outsourcing which gives them security against a risky administration process of payroll processing. Thus, there are more timely payments and no misrepresentation of data in front of government agencies.

Advantages of Payroll Outsourcing:

Companies enjoy various advantages by choosing to outsource payroll. Some of them are as follows:
â¢Centralize attention to other important tasks thereby increasing productivity.
â¢Reduce operating costs by overcoming the fines incurred due to compliance matters, delays, etc.
â¢Boost data security by outsourcing data to a cloud network
â¢Direct Deposit provided to employees who find it inconvenient to visit banks

Cost of Payroll Outsourcing:

Companies might plan to outsource either few or all of their payroll administration to third-parties. Based on the number of services chosen like monthly payments to employees, filing returns, etc. companies are charged variable prices.
Another important factor in estimating prices is the number of employees. Most outsourcing companies charge a fixed cost with an added cost every additional employee.

Following are some payroll service providers in India:

â¢HR Payroll Outsourcing: The Company prices are broken down into four major packages to cater to different organisational levels namely, Starter, Professional, Business, and Enterprise. Prices start from Rs.1999/- per month for Payroll Outsourcing
â¢247HRM: 247HRM offers four different Payroll Software plans according to the needs of the organisation. These are Bronze (Rs. 999), Silver (Rs. 1999), Gold (Rs. 2499), and Ultimate Edition (Rs. 3999) for 30 employees each.
â¢Keka: This is yet another company that offers Payroll Software services. The prices are Foundation (Rs. 2999), Strength (Rs. 3999), and Growth (Rs. 5999) plans for 50 employees each and charges additional amounts per employee increment.
â¢Paybooks: Paybooks charges Rs. 1800 per 20 employees with an additional cost of Rs 50 per employee.
â¢GreytHR: The Company provides payroll software services as follows. Bantam (Rs. 995), Welter (Rs. 1495), Super (Rs. 2495), and Cruiser (Rs. 4995) packages.

About Author Rahul K :

I am a Digital Marketing expert with over 9 yearâs experience of handling online business portals of different companies. If you are looking for Payroll Outsourcing or Payroll Software providers in India do let me know I can help you out.

Article Source:
Article Url:

Article Added on Friday, January 26, 2018
Publishers / Webmasters
Article ID: 492710
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

174 Users Online!!
Related Articles:
Latest Articles:
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Cheap Reseller Hosting Provided By AwareIndia

Company IDS