Payroll outsourcing Pros and Cons

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Payroll outsourcing Pros and Cons

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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. – PowerPoint PPT presentation

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Title: 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 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.

4
PAYROLL OUTSOURCING SERVICES PROS AND CONS
Remunance brought You this Presentation
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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

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  • 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.

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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.

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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.

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Why you should definitely invest in outsourcing
Payroll to Remunance
  • Save Time
  • Save Energy
  • Save on Human Resources

Remunance brought You this Presentation
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Remunance brought You this Presentation
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Contact Us
  • 11 - Erandawane Phatak Park, Off Karve Road Pune
    - 411004, India.
  • Phone (91-20) 25453788

Want To Part Of Our Organization Then Visit Our
Career Page
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Thanking You
For More Information Visit Us at
http//www.remunance.com
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