If your search for the best payroll outsourcing companies in Mumbai brought you to our website, you are at the right place at the right time. We at Hinote specialize in helping small and medium businesses overcome one of the major challenges they face – payroll processing.
It is a time-consuming process and businesses have to keep pace with changing governmental regulations and modify/upgrade their payroll software accordingly. Besides, payroll processing is a critical activity and can take away focus from the core business activity. Outsourcing payroll processing services and entrusting the job to professionals help small and medium-sized organizations to focus more on their core activities, become more efficient and boost performance.
When you choose to outsource payroll processing to Hinote, you don’t have to worry about government regulations, tax calculations, etc. We will provide you with end-to-end payroll processing services which will provide total relief from mundane activities and enable you to focus more on building your core business.
Our professional expertise in payroll processing also helps you to cut down on your overhead expenses and, thereby, improve the bottom line of your business. Furthermore, our payroll professionals have helped companies belonging to a variety of industry verticals take their businesses to higher levels of success. We attribute this to the state-of-the-art payroll processing module that comes with our HR software in India.
Advantages of Outsourcing Payroll Services to Hinote
Increased Productivity and Savings in Time
In-house payroll processing is not only a time-consuming affair but also demands a lot of resources, such as manpower and attention to detail. This adversely impacts your organization’s productivity. Outsourcing payroll processing to us gives you and your HR team the opportunity to save time and focus on other important tasks.
For any organization, time translates to money, meaning time saved is money earned. Savings in time enable you to plan your core business activities in a better manner. As such, outsourcing payroll services leads to a significant reduction in costs associated with the calculation of employee working hours, paid leave, deductions, and incentives, as well as computation of taxes, generation of reports, printing and distribution of paycheques, and preparation of tax forms.
One of the most challenging tasks in companies is to protect employee data from hackers and other illegal activities. Data security plays a critical role in payroll processing, and you can see a high demand for many payroll outsourcing companies in Mumbai. So, typically every company holds all employees’ sensitive data, including personal and compensation details. However, due to less time and resources, many companies find it hard to manage data security.
Thus, our HRworks uses the most advanced and robust access-control mechanism to access the files and folders of the employee. Our software also privileges the users with a Read/Write option to the folders and sub-folders they could access.
As many companies recruit their employees for a specific purpose or role, it becomes challenging for management to swap or adjust their positions at a crucial time. Hence, it consecutively leads to further recruitment and on-board process.
So, by hand-over to the payroll outsourcing companies in Mumbai, your payroll requirements will automatically scale up without hiring or recruiting a new employee. Another advantage of outsourcing the payroll process is staying flexible even in this ever-changing business environment.
Is it not amazing if you have a dedicated team of professionals with expert knowledge about compliance and new labour laws? So, by outsourcing your payroll operation to a third party, your business has numerous advantages as they would take care of the government protocols and regulations that your business is inclined to.
Our HR software India is also developed based on these compliances to make your payroll calculation easier and adhere to government laws. Thus, this outsourcing approach is highly beneficial for companies operating in various cities, states, or countries, as there will be experts to ensure that your processing in the right way to prevent regulatory fines.
The Benefit of Using the Latest Technology
As one of the top payroll companies in Chennai, we make use of cloud-based solutions. This enables us to ensure robust data integrity and transparency in payroll services. In addition, it allows us to leverage the power of the latest technologies. This means you can avoid unnecessary system upgrades to keep up with technological advancements.
When you entrust us with the job of processing your company’s payroll, you don’t have to waste time worrying about compliance with regard to legal or tax regulations enforced by the government.
General Scope of Our Services for Employers and Employees
- Salary register
- Tax calculation
- Deductions under various statutory heads
- IT deduction statement, including e-TDS
- PF statement (monthly or yearly)
- ESI statement
- Payslips, bonuses, and other statements
- Monthly reimbursements and perquisites tracking
- Form –16
- Tax liability projection
- 24/7 employee self-service portal