Corporate Payroll Services
Corporate Payroll can be a maze especially when there are no crumbs to pick up along the way. Managing it in-house brings not only the risks of loss of accuracy in calculations but that of overly simplifying it by not bringing in key components like taxation or fringe benefits. Both can really make matters worse for your HR team.
What if we told you there was a solution that brings down the walls in the maze giving you clear visibility into the entire payroll process and which puts you in charge of it? Or better yet, what if it was possible to just travel to the end with a payroll outsourcing solution. That is a possibility too.
Three Types of Corporate Payroll Solutions
Our HR outsourcing solutions offer numerous benefits for businesses of all sizes and industries. Here are some of the key advantages of implementing HR solutions:
1
Managing in-house with spreadsheets
Managing the corporate payroll in-house with spreadsheets is a time consuming and possibly error-prone process which can lead to frequent modifications in the calculations or methods used. Many companies still have no corporate payroll solution in place and still manage payroll in-house without adequate tools, which leads to errors in salary calculation and credit.
2
Managing it collaboratively through a software
Payroll software can be a great step up from in-house management with only spreadsheets. Your HR team can consult with the payroll software team when running into roadblocks in the payroll management journey. The potential downside if any is that the HR team needs to be trained in the payroll management software.
3
Managing it through corporate payroll outsourcing
Managing it through corporate payroll outsourcing brings in the expertise of an HR firm that has been doing it for several years in the country you are in, but also frees your HR team for other strategic functions such as employee performance management and CSR.
Factors to Consider When Choosing Corporate Payroll Solutions
Payroll is a cost-intensive process that also needs to be accurate (for the sake of employees) and compliant with regulations (to comply with government bodies).
There are several points to consider when picking the right corporate payroll solution.
1
Lower risk of errors
Errors in calculation can be a continuous cause of worry for any HR team with a payroll solution/service partner. Always pick a payroll solution that runs a very low risk of errors in calculation or assumption.
2
Mobile convenience
These days everything’s got an app. Your corporate payroll solution probably has one too. The portability, availability and the dependability of payroll data on a mobile can help you scale easily and monitor for any fraudulent or non-compliant transactions from anywhere.
3
24X7 support
Do they have a support team to address queries of taxation, reimbursements, leave and attendance management? Are they available 24x7? These are some of the other questions you must ask in your journey to find the right payroll service provider.
4
Great efficiency through integration
Your systems when all tightly integrated with one another, allows data from other software to be used in the payroll software. Does the payroll software also integrate with the calendar and other apps on the desktop for more accurate processing?
5
Look for Peace of Mind
Do you need just a payroll management software or solution, or do you want to outsource your payroll? Outsourcing your payroll will help ensure that your payroll is managed by experts, who would be using payroll software to manage it, automating most aspects of it for greater accuracy.
Looking for A Trusted Payroll Partner?
Discover seamless payroll solutions tailored to your needs and elevate your business with our trusted expertise.
Key Features of Our Corporate Payroll
Our flexible, affordable solution called e-Manage has several features that can help organizations save time and money. Some of these features are:
- Automated salary and tax calculations.
- Self-service options for every employee.
- Flexible payment options for salary – paycheck, bank transfer etc.
- Accommodate other benefits and reimbursements.
- 100% compliant with laws and regulations in India.
- Can be tailored to be compliant with laws and regulations abroad.
- Can integrate with other time tracking programs.
Benefits of Outsourcing Your Corporate Payroll to Alp Consulting
With several years of experience managing payroll, Alp Consulting is your payroll management partner of choice across geographies and industries. Rely on us because we offer the following benefits.
- Fast turnaround even during the holiday season or presumed downtime
- Assistance throughout complete employee lifecycle, entry to exit.
- Lesser investment in any IT infrastructure
- Strict adherence to all types of compliance
- Continuous deployment of resources based on project needs.
- Error-free documentation in the payroll software
- Provisions for accurate reporting
- Unrivalled market intelligence
- No penalties, as compliance is 100%
Looking for a Corporate Payroll Solution?
Your corporate payroll deserves to function better. You can either opt for better payroll management software or a payroll outsourcing solution. The payroll outsourcing solution will most likely come with support from experts who have been managing payroll for years, 100% compliance and thorough and accurate payroll management.
Looking for a corporate payroll solution that is error-free and gives your HR team the freedom to focus on other core tasks and even strategic acquisition? Alp Consulting, an HR company with over 25 years of experience primarily in recruitment, staffing, payroll and compliance can help you master corporate payroll management in your company. So, when are you talking to us?
Frequently Asked Questions
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