Managing payroll process in manufacturing is a tougher job than many believe it is. This is because they are either not doing it right or know they aren’t and don’t know how to make things better. Availing the services of Alp Consulting, a payroll partner with over two decades of experience in payroll management, can save you a lot of time and yield better results.
Whether you need to manage claims and reimbursements for your employees, file for taxes and maintain PF returns, our payroll process in manufacturing can accomplish all of them and more. Employee self-service portals simplify the payroll for employees too, and not just for the company. Payroll compliance in manufacturing is also taken care of on time.
Benefits of Payroll Outsourcing for Manufacturing
Time Efficiency
In manufacturing, often the number of employees is very huge, especially if you have a big factory. The people managing the raw materials, assembling, fitting and even ensuring quality, all form a big team. When you have a payroll management team, all associated difficulties are addressed easily, saving you a lot of time.
Increased Cost Savings
Outsourcing payroll can help reduce costs significantly from what it is if it is handled in-house. This is because a payroll agency can help you tide over challenges such as attrition, lack of expertise and the lack of technology in a very cost-effective manner.
Reduced Payroll Errors
When a payroll agency takes over, you have no errors in each stage of the payroll process, because they have been managing payroll for a while and know all the little things to do. They also typically have people who are highly skilled and experienced at it.
Manage Compliance Better
Payroll compliance can become a tough puzzle if you do not have a good team willing to stay up-to-date and a keen attention to detail on your side. They must be aware of all the rules and regulations in effect and know how to manage those that impact your manufacturing business.
Reduced Pressure
Your HR team can focus on the things that matter to them, reducing the stress they would face otherwise. They can focus on business transformation and employee engagement and other key aspects that impact manufacturing like safety at work.
Who Our Payroll Services Are For?
Our payroll outsourcing services will work just great for any manufacturing business anywhere. No matter when your business was registered and how old your payroll processes are, we will help you integrate them effectively with other business processes and put you in control.
Our payroll processes in manufacturing now take care of end-to-end payroll processing, freeing up your HR’s time to focus on other activities in core HR such as business transformation and employee engagement.
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How We Manage Payroll?
Our Manufacturing payroll services cover the entire spectrum of the payroll process beginning with data collection and ending with an audit. And these are the steps we follow to manage payroll effectively.
1
To bring an effective payroll management system into effect, as a payroll agency, we obtain specific documents from you, like PAN, TAN, PF, ESI Registration, and Certificate of Registration.
2
We discuss the payment schedule for the salary transfers. It can be weekly, monthly or quarterly. This will ensure that every employee gets his/her salary credit on time.
3
The rules that you need to establish regarding leave, loss of pay, overtime, office hours, deductions or additions to the salary need to be communicated to us well in advance.
4
The pay is calculated by our payroll agency based on the categorization of your employees, whether they are employed as full-time, part-time, consultants or interns.
5
Suitable deductions and reimbursements are made on the gross pay and the accurate salary is credited at the right time depending on the payroll cycle.
6
Payroll compliance is maintained on an ongoing basis, checking all aspects like minimum wages, special benefits to be offered in maternity, minimum number of leaves mandated etc.
Our Offerings in Payroll
Here are the services we have under manufacturing industry payroll.
- On-demand, On-time, real-time access portal to manage your payroll from anywhere
- Easy filing of tax returns as per the latest guidelines
- Management of EPF and other deductions on time and in an orderly manner
- Easy Employee Self Service (ESS) portals ensure that employees themselves can manage their data
- Compliance management and support for every aspect of your payroll
Our Value Proposition
1
Engagement of a dedicated, expert team, well versed in the payroll field, to take care of all the statutory laws.
2
User-friendly web interface that has all your payroll requirements in a single place.
3
Significant cost savings can be seen, that sometimes can go up to 50%.
4
Structuring and restructuring of the payment structure to keep it updated with recent developments and demand.
5
Advice for remittance on TDS, PT, PF, ESI, obtaining investment declaration and investment proof from employees, verification of investment proof etc.
6
Generation of Form 16 and Form 24Q as needed for the purpose of tax deduction at the source.
7
Payroll processing is done on cloud-based software, giving employees access to their payslips and tax computations.
8
Dedicated managers to assist in uninterrupted payroll services for your organization.
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Frequently Asked Questions
Contact Us For Business Enquiry
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