Payroll Outsourcing
Payroll processing taking up too much time? Here is our accurate, timely, and automated payroll processing!!
What is Payroll Outsourcing Companies/Services?
One of the most significant breakthroughs in the field of management, according to the Harvard Business School, is outsourcing. The strategy to outsourcing is to, firstly identify the core activities which are the essence of the company and turn the payroll management services focus on these, while concurrently transferring the other activities on a recurring basis, to a service provider who specializes in them.
Payroll outsourcing, which involves employing an outside agency to do the routine work of managing salary, its calculation and payment, along with any other related functions, has transformed into an extremely successful industry. India is today one of the major destinations for payroll outsourcing.
Some of the reasons for this are:
- Team is headed by group of Chartered Accountants which means all the statutory laws are taken care.
- Cost savings for the company on outsourcing payroll processing are extremely significant and can go upto 50% at times.
- Reductions and cost effectiveness can be achieved.
- Productivity is improved, as service quality provided is excellent and this frees the company from non-income generating tasks.
- Latest technology and software for payroll processing are used.
- Indian payroll processing service providers have a very highly specialized and expansive knowledge base in finance and accounting which would be of help to businesses globally.
- These service providers are fluent in English and extremely competent and efficient.
- Where India and the USA are concerned, the time difference is also favourable, thus work completion is faster.
Payroll outsourcing has been highly productive for companies and has been functioning since 1997. In the past five years this industry has recorded a CAGR of 15 per cent. In short, it is a win-win situation.
Payroll Services for Expatriate
With so many businesses operating on an international level, the number of employees going abroad for the work is proportionately increasing. Managing an expat payroll is indeed an additional payroll accounting challenges; however, it is pivotal to keep international business moving effectively for both employers and workers alike. Whether you are currently running an expat payroll or simply looking for the expansion in the future, We can provide you with the right candidate.
Our online payroll services in India take the complexity out of expatriate payroll management, streamline the entire process between local payrolls and expatriate. With the rise in globalization, many businesses expand to work in international territories, this expansion leads to both challenges and opportunities.
Global challenges
- To ensure that tax and social security obligations are perfectly identified and understood in both home and host nations, in order to ensure that international compliance is met.
- To ensure that realistic employee costs are impeccably factored into contracts.
Global opportunities
To structure the business efficiently in order to increase efficiency of tax and social security obligations.
To compliance to tax strategies that will help in maximizing efficiencies of the international operations.
Whether you’re have a multinational company or a sole trader, our glorious years of experience enables us to impeccably review your business structure and make viable recommendations in order to ensure that you perfectly maximize the efficiency of your worldwide operations. Our online payroll services in India will manage it all by :-
Consolidating payroll costs into a single invoice.
Streamlining global payroll process by developing standardized administrative procedures.
Offering comprehensive monthly payroll which encompasses financial compliance, related to costing and reporting.
Offering immense support for tax computation.
OUR team works closely with clients on planning, costing and structure of employment relations where employees are required to work outside their country. The team is also handling the tax return compliance for both employer and employee in jurisdictions where tax related liabilities are triggered and where filings are required. We are earnestly offering unrivaled business knowledge and experience throughout the world, a pivotal catalyst to measure the success of our client’s operations.
Why you can rely on us?
Clearly, while managing an expat payroll effectively, the company encounters with a number of complications which are greater than managing a local payroll. This role demands a skilled professional with immaculate knowledge of global payroll legislation and reporting requirements.
Expat payroll is a highly specialist skill set, where professional candidates are in high demand. Perfectly managing international payroll is indeed a time consuming and challenging task. Not only there are taxes and currency differences to consider, there are other decisive factors, like pensions and local compliance issues also that must be met. Brooks Consulting offers the wide gamut of payroll services that will simplify even a complex area.
Payroll Services for Corporate
Payroll being an indispensable function for any organization demands specialization and a clear understanding of applicable laws in systematic processing of the employees payroll. Understanding this burgeoning requirement and also to foster confidentiality and administrative convenience, we offer a discreet range of payroll services to our wide base of clients.
Our dedicated team of proficient professionals, embedded with knack of understanding of methods relating to payroll processing, can impart you with complete full-fledged payroll services for employees and top management. Our payroll specialists are imparting concurrent payroll services to MNC and medium enterprises in Delhi, Gurgaon, Manesar and all major cities in India like Bangalore, Hyderabad, Mumbai, Chennai and Pune.
We offer a flexible and comprehensive payroll service, which may curtail a significant administrative burden from management, allowing them to pave focus on the core business operations. Using our years of experience, we ensure that salary and tax calculations are done in accordance with the appropriate legislation. Our distinct approach to payroll services is solely focused upon viable planning, a fixate approach and support to the company from start to finish. We enjoy a pan-India presence that allows us to effectively cater to the divergent needs of the client across the country.
Our corporate payroll services include :-
- Payroll processing
- Adherence to statutory compliance in relation to payroll services
- Assistance in combating with tax related issues
Advantages of working with us
- Lower risk
The entire payroll process is automated and therefore, the risk of error is significantly reduced.
- Great convenience
You can use a mobile device to effectively manage and track your payroll from anywhere and at any time of the day. You will be working with a consistent user interface that helps in tracking of your payroll in a few clicks.
- Reliable service support
Our tax specialist is ready to answer questions and helps in solving problems 24×7.
- Great efficiency through integration
When you partner with Payroll Services, you benefit from the speed and simplicity that comes your way by using a single provider. We are competent enough to connect your payroll functions with other pivotal areas, like attendance solutions, HR management, etc.
- Peace of mind
By outsourcing the payroll service, business owners can relax because the payroll is being effectively processed accurately in line with prevailing legislation. Avoiding all nasty, like incorrect payments to staff, penalties, a fully outsourced service offers complete peace of mind by ensuring that your pivotal business functions are well taken care of and your company is also legislation compliant.
In the recent times, payroll outsourcing is fast gaining popularity as the preferred business haven for processing this non core activities. Also, the convoluted legislation is making payroll an ever expanding minefield. So, by outsourcing your payroll to Payroll Services, you will :-
- Free up your time to pave more focus on the development of business
- Replace your need for expert payroll specialist
- No longer have to worry about complex legislation
- Enjoy professional support for all divergent payroll related matters
- Have viable control over your payroll costing
Our impeccable payroll bureau service will meet all your divergent payroll administration, right from producing customized payslips; making requisite deductions, i.e, tax for all your employees on the monthly basis to effectively processing payment. Our team diligently works towards ensuring you meet all your complex compliance objectives.