Payroll Outsourcing Services
Outsourcing / Temping is a Co-employment relationship between Employers, Us & the Employee wherein we assume responsibility for statutory obligations related to Recruitment, Payroll & Benefits, Statutory Compliance, and Employment Rules & Services.
BENEFITS OF CONTRACT RESOURCE PROCESS
Reduce Costs: The direct costs of processing payroll can be greatly reduced by working with a payroll provider.Alleviate Pain: Payroll is a headache in the best case and a nightmare in the worst case. Business owners that outsource payroll eliminate a tiresome source of personal pain.
Offer Direct Deposit: Providing direct deposit is difficult if a company doesn't use an outside payroll service. Increasingly, small businesses recognize that employees want direct deposit. Not having to make a trip to the bank is an important convenience for them. More importantly for business owners, direct deposit eliminates time-consuming and error-prone paper handling and the need to reconcile individual payroll checks every month.
Free Up Free Time: Payroll processing is a time-consuming process. Outsourcing payroll can free up staff time to pursue more important value-added and revenue-generating activities.
Avoid Technology Headaches: A constant question for the business owner is whether they have the latest version of their payroll software and the most recent of the tax tables installed on their computer. Using the wrong tax tables can result in stiff penalties. Outsourcing payroll removes those headaches and keeps payroll running smoothly.
Leverage Outside Payroll Expertise: Most business owners and controllers don't have time to keep up with constantly changing regulations, withholding rates, and government forms..
Control Attrition Risk & No Recruitment Cost
COST SAVING ANALYSIS
- Huge saving of Time, Money and Departmental Running cost
- Monthly Salary / Wages analysis for above coverage under PF / ESIC rules
- Input credit for GST amount already paid
- Low Recruitment charges for new workmen on our payroll management
DATA SECURITY
♦ In Client Payroll Process it is very essential to have HIGH LEVEL of Data Security Process
♦ TURNING POINT has its own dedicated server to manage data and web based applications
♦ SQL SERVER: Supports Kerberos Authentication on Virtual & Microsoft Enterprise Edition is used as backend software for back end applications
♦ SQL SERVER supports encryption capabilities
♦ VERISIGN secure socket layer server
♦ Implementation of Page Level Query String Encryption
♦ IIS based Integrated Windows Security
♦ Secure Server Authorised URL Security
WHAT WE DO
EMPLOYEE PROFILE▪ Employee Profile Text HR Policies
▪ Employee Joining Information.
▪ Probation Confirmation Details.
▪ Employee Personal Details.
▪ Employee Current Job profile.
▪ Family Background Details.
▪ Employee Local address and References Details.
▪ Employee Profile Text HR Policies.
▪ Employee Qualification and Experience Details.
▪ Employee Nominees for PF.
▪ Employee Medical History.
▪ Provident Fund No & Accumulation.
▪ Documents submitted by employee.
▪ Assets Provided To Employees.
▪ Employee Training details.
▪ Employee Appraisals History.
▪ Facility Given to Employee.
▪ Employee Bank Account Details
EMPLOYEE SALARY DETAILS
▪ Employee Salary Details
▪ Monthly, Daily Earnings & Deductions Yearly Payments.
▪ Bonus & Ex-gratia Payments based on previous year's details.
▪ Monthly Income tax & other statutory deductions like Provident fund (pf & pension), Profession Tax, ESIC etc.
▪ Income declared by employee from any other legal source (for payment of tax through salary)
▪ Salary History for generation of Arrears Amount.
▪ Arrears Payment Adjustments.
▪ Salary Head Exemptions adjustments according to Income Tax Act.
▪ Option for bonus payment to resigned employees and updation in Form16.
▪ Salary head updation after generation of salary and updation of Net salary accordingly.
▪ Employee Medical History.
▪ Provident Fund No & Accumulation.
▪ Documents submitted by employee.
▪ Assets Provided To Employees.
▪ Employee Training details.
▪ Employee Appraisals History.
▪ Facility Given to Employee.
▪ Employee Bank Account Details.
Employee Attendance & Leaves
▪ Employee Salary Details
▪ Various types of leaves in the company can be categorized easily.
▪ Integrated Leave Encashment as per rules.
▪ Attendance data can be transfer from any Time Recording Machine.
▪ Overtime Details.
▪ Employee time management, Late Coming, Early going, Absence due to travel on Duty etc.
▪ Manual Attendance done By Employee details.
Employee Investments
▪ Employee investments considered for Tax-Calculation
▪ Income Tax forecasting for employees' ready reference of tax structure for the financial year
▪ Checks / Reports on Proofs received or not
▪ Employee wise manual exemption amount can be entered for overwriting or adjusting system generation exemptions
Employee Perks & Benefits
▪ We maintain all the perks and various benefits given by the clients to their employees.
Employee Appraisal History
▪ Maintaining the appraisal history of employees as per company norms.
HR Policies and Attritions
▪ Company related details like States, Locations, departments, grades, bank accounts.
▪ Salary structures defined by the company.
▪ Regular/Irregular salary hikes as per the policy.
▪ Previous Salary Payments/Recovery.
▪ Employee Attrition & Final Dues.
▪ Payments to employee before leaving company in any case of retirement or resignation.
MIS Reports
▪ Employee Salary History
▪ Cost to Company (CTC) Report
▪ Attrition over the Year
▪ Monthly Salary Reconciliation
▪ Salary for Financial Year
▪ Probation Confirm Contract List
▪ Head Count & Employee Status
Post Salary - Checklist
▪ Salary Register
▪ Salary Slip
▪ Bank Payment
▪ Earning / Deduction Report
▪ Head wise Salary
▪ Journal Voucher
Pre Salary - Checklist
▪ Earning & Deductions
▪ Salary Advance
▪ Benefits
▪ Attendance
▪ Manual Exemptions
▪ TDS
▪ Deduction Cary forward
▪ Yearly Payments Integrated Leave
CONTINGENCY PLANS
♦ Payment Provisions♦ Conflict of Interest MGT
♦ Relationship MGT with INTRA Departments
♦ Deputies Substitution
♦ Applicable LAW & Settelemt of Disputes
♦ Training Calender Management
♦ Standard of Ethics
♦ Quality & Performance Monitoring
♦ Workforce Planning
♦ Plan for Fire/Threat/Data Recovery