Lawyer

Third party payroll in HIndi

थर्ड पार्टी पेरोल या पेरोल आउटसोर्सिंग

एचआर या व्यवसायी व्यक्ति होने के नाते कोई स्पष्ट विचार नहीं है और यह जानना चाहते हैं कि थर्ड पार्टी पेरोल या पेरोल आउटसोर्सिंग क्या है। यहां मुझे तीसरे पक्ष के पेरोल या पेरोल आउटसोर्सिंग के बारे में सरल शब्दों में समझाया गया है और पेरोल प्रबंधन और तीसरे पक्ष के पेरोल के बीच क्या अंतर है।

थर्ड पार्टी पेरोल या पेरोल आउटसोर्सिंग #thirdpartypayroll या #पेरोलआउट्स सोर्सिंग

हम एक उदाहरण द्वारा तीसरे पक्ष के पेरोल को समझ सकते हैं जैसे कि XYZ कंपनी के पास एक विनिर्माण व्यवसाय है और 500 (पांच सौ) के कर्मचारी की ताकत है। प्रशासन, लेखा, मानव संसाधन, आपूर्ति श्रृंखला जैसे विभिन्न विभागों में कॉर्पोरेट कार्यालय में काम करने वाले 500 सौ 300 कर्मचारियों में से  उच्च और मध्यम स्तर का कर्मचारी है। और विनिर्माण इकाइयों में 100 सौ कर्मचारी और विपणन इकाइयों में 100 कर्मचारी हैं।

अब, दिन-प्रतिदिन की दर से बचने, अनुपालन से निपटने और अन्य शिकायत से निपटने के कारण, XYZ कंपनी कुछ कर्मचारियों को किसी अन्य कंपनी को तीसरे पक्ष के पेरोल के रूप में आउटसोर्स करना चाहती है और इसके लिए एबीसी कंपनी से संपर्क करना चाहती है।

ताकि XYZ और A BC कंपनी के बीच एक समझौता हो जाए और XYZ अपने 50 मार्केटिंग स्टाफ, 50 नग को आउटसोर्स कर दे। नीले रंग विनिर्माण कर्मचारियों और 50 कॉर्पोरेट कार्यालय के कर्मचारियों (कुल 150 नग के कर्मचारी) पर तीसरे पक्ष के पेरोल पर होगा भूमिका एबीसी की कंपनी समझौते की तिथि से विशेष तिथि के साथ।

समझौते के बाद, XYZ सिद्धांत नियोक्ता होगा और एबीसी कंपनी इन 150 कर्मचारियों के लिए तत्काल नियोक्ता होगा। ये 150 कर्मचारी एबीसी कंपनी के पेरोल पर होंगे और एबीसी इन 150 कर्मचारियों के लिए सभी उपस्थिति, पेरोल, वैधानिक रिकॉर्ड (पीएफ , ईएसआईसी, बोनस, ग्रेच्युटी आदि)  का प्रबंधन करेगा और साथ ही अनुपालन के लिए इन 150 कर्मचारियों की मासिक रिलीज वेतन पूरा और सरकार। अनुपालन भुगतान। इन सभी गतिविधियों के लिए एक्सवाईजेड एबीसी को मासिक वेतन और वैधानिक भुगतान के साथ एक निश्चित सेवा शुल्क का भुगतान करेगा।

अंत में, 150 कर्मचारियों के लिए किराए से रिटायर होने तक की सारी जिम्मेदारी एबीसी कंपनी पर और बाकी 350 कर्मचारियों के लिए एक्सवाईजेड कंपनी पर देय होगी ।

पेरोल प्रबंधन # पेरोलमैनमेंट

पेरोल प्रबंधन या वेतन प्रसंस्करण के एक उपकरण पर वेतन प्रसंस्करण की एक सरल प्रक्रिया के साथ-साथ सेवा रिकॉर्ड, पे शीट जनरेशन, पे स्लिप पीढ़ी, वैधानिक रिकॉर्ड को बनाए रखने और पार्टी के लिए अनुपालन करता है जिसे यह कार्य सौंपा गया है, लेकिन मुख्य नियोक्ता एक ही रहता है। उदाहरण के लिए यदि उपरोक्त मामले में XYZ ने अपने 500 कर्मचारियों के लिए तीसरे पक्ष के पेरोल सेवा का विकल्प नहीं चुना है और केवल ABC कंपनी से पेरोल प्रबंधन सेवाओं का विकल्प चुना है। इस मामले में सभी कर्मचारी XYZ के पेरोल पर होंगे और ABC केवल पेरोल प्रोसेसिंग का प्रबंधन करेगा।

men, employees, suit

Third Party payroll and Payroll Management

Being a HR or a business person having no clear idea as well want to know what is third party payroll or payroll outsourcing. Here is I explained in a simple words about third party payroll or payroll outsourcing and what is different between payroll management and third party payroll.

Third Party Payroll or payroll outsourcing #thirdpartypayroll or #payrolloutsourcing

We can understand third party payroll by an example like a XYZ Company have a manufacturing business and have employee strength of 500 (five hundred). Out of 500 hundred 300 staff working in corporate office in a different departments like, Administration, Accounts, HR, supply chain and there is high and middle level staff. And there 100 hundred staff in manufacturing units and 100 staff in marketing units.

Now, due to avoid day to day attrition rate , compliance handling , and other grievance handling , XYZ company wants to outsource some of the staff to another company as third party payroll and approach a ABC company for this.

So that an agreement made between XYZ and ABC Company will be made and XYZ outsource their 50 marketing staff, 50 nos. blue color manufacturing staff and 50 corporate office staff (total 150 nos of employees) would be on third party payroll on the role of ABC Company with the particular date from the date of agreement.

After agreement, XYZ would be the principle employer and ABC Company would be the immediate employer for these 150 employees. These 150 employees would be on the payroll of ABC company and ABC will manage all the attendance, payroll, statutory records ( PF , ESIC, Bonus, Gratuity etc.)  for these 150 employees as well as monthly release salary of these 150 employees with compliance completion and govt. compliance payment. For all these activities XYZ will pay to ABC a decided service charges along with monthly salary and statutory payment.

In conclusion, for 150 employees all the responsibility from hire to retire would be liable on ABC Company and for Rest 350 employees on XYZ Company.

Payroll Management #payrollmanagement

Payroll management or salary processing a simple process of salary processing on a tool as well as maintain service record, pay sheet generation , pay slip generation, statutory records maintain and compliances on the party to whom this task assigned , but the main employer remain same. for example if in above case XYZ do not opted third party payroll service for their 500 employees  and opted for payroll management services only from ABC company. In this case all employees would be on the payroll of XYZ and ABC will manage the payroll processing only.

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Payroll Outsourcing – An Emerging Business Trend Worldwide

Payroll outsourcing is finally becoming part of strategic conversations, and a well-planned holistic approach that can transform your business. Payroll outsourcing services are being widely adopted across the globe by businesses of all sizes. These services can complete payroll tasks more efficiently and cost-effectively, allowing human resource staff to be more productive and focus on other important jobs. With the continuous development of payroll technologies, it is believed that more businesses will outsource their payroll operations in aims of becoming more efficient and well-organized.

Payroll outsourcing in a business means engaging an external party to handle all payroll related activities. Outsourcing of payroll functions is generally done to reduce cost and save time required to deal with financial tasks related to a payroll. Hiring an external firm to handle payroll activities means a business organization can do away with the need to hire and train a large in-house payroll staff, buy appropriate software package for payroll functions and remain constantly updated about complicated tax regulations.

Components of Payroll Outsourcing

Outsourcing of payroll activities is beneficial for all kinds of businesses, regardless of the organization having a large payroll or a mid-range or small payroll.

Payroll outsourcing generally includes all activities related to payroll processing and other payroll-related functions. Payroll processing includes several activities like maintaining employee records, calculating employee salary and wages, computing and adding bonuses, distributing payroll, generating payroll related reports and complying with the taxation laws of the government.

Why to outsource company Payroll Management?

Outsourcing of payroll activities is beneficial for all kinds of businesses, regardless of the organization having a large payroll or a mid-range or small payroll in terms of:

Reduced Costs

Processing payroll is more expensive than you might think. It’s not just the cost of hiring and paying payroll staff, which can be significant on its own, but rather the cost of keeping the department moving. This means investing in both hardware and software, constantly updating security measures, and continually hiring more skilled personnel as the needs of the company grow more complex. Simply put, this kind of investment just doesn’t make sense when there are more budget-friendly alternatives out there.

Enhanced Accuracy

When it comes to payroll, you need to get the numbers right or you’ll get into trouble with the IRS and let down your employees. However, with varying tax rates, a multitude of different time sheets and pay scales, different benefits and coverage offered as well as voluntary withholdings, it can be tricky to get it right. When you invest in managed payroll services, you get guaranteed accuracy, so you can ensure that your workers get paid correctly and promptly, every time.

More secure and authentic

Outsourcing is often more secure. While sending out your payroll might seem risky, the truth is that most payroll security issues occur in-house. Again, payroll companies concentrate only on payroll, so their security measures are created specifically with payroll in mind. If you want to make sure that your payroll data is secure, you should trust a company that’s in the payroll business.

Compliance

No matter how efficient a company is, it is till by nature obligated to follow the statutory & legislative requirements. This is particularly critical in payroll processing, where a company has taxation, superannuation, Modern Award and Enterprise Agreement rules to follow. Simply put, payroll outsourcing improves compliance in both legal and financial fronts.

Payroll Technical Expertise on demand.

One of the overlooked benefits of outsourcing is getting access to better technology. Payroll technology is always changing, but most businesses can’t afford to be on the cutting edge. Since payroll companies depend on technology to provide their services, they’ll make the investments that your business cannot. This means that you’ll always have access to the best in the industry, even if you don’t have to go through the painful process of upgrading yourself.

With payroll outsourcing redirected to the hands of Certified Payroll Experts, you now have a team of world class experts  monitored and managing the process.

Payroll outsourcing and it’s Market Dynamics

Payroll outsourcing is the fastest-growing segment of the global human resource outsourcing (HRO) market. Organizations are rapidly adopting payroll services to achieve cost reduction. They either outsource a single process or the entire set of services to enhance the existing function. Most of the payroll outsourcing functions are related to finance and accounting (F&A), human capital management (HCM), and shared service centers. Organizations maintaining an in-house team for tasks such as payroll, time and attendance, workforce administration, and benefits administration spend 20% more than organizations that outsource the same functions.

The analysts forecast the global payroll outsourcing services market to grow at a CAGR of 5.56% during the period 2017-2021. Contributed by – Diksha

Sales Executive – Inside sales – Ghaziabad UP

Preferred Industry type: FMCG

Package offered: 12k-15k per month + Incentives

Work timings : 9:30 AM to 6:00 PM (work from home available)

Experience minimum – 1 to 2 Years

Educational qualification: Min. Graduate

Roles and Responsibilities :
✓Calling on the leads generated from online sources
✓Connecting the leads to the distributor and retailers
✓Following up on leads
✓Converting the leads to make them customers.

Interested candidates kindly comment and drop your resumes at recruiter@kashyapshrsolutions.com

Assistant Marketing Manager – Vasant Kunj Delhi

Educational qualification: Min. Graduate

Experience minimum – 3-5  Years

Preferred Industry type: Security services/ Facilities Management/ House Keeping Services/  Hospitality Industry

Mandatory: Two-wheeler

Package offered: 20- 26 k per month + Conveyance+ Mob Reimb + Incentive

Roles/Requirement  :

1) Should be computer literate. Should know how to make PPT, PowerPoint presentation, Excel, and     Word.                                                                                               

2)  Should be computer literate, Should have knowledge of tenders, GEM portal                                                                                                                                                         3)  Should have good communication skills and presentation skills.                           

Educational qualification: Min. Graduate

Experience minimum – 3-5  Years

Preferred Industry type: Security services/ Facilities Management/ House Keeping Services/  Hospitality Industry

Mandatory: Two-wheeler

Package offered: 20- 26 k per month + Conveyance+ Mob Reimb + Incentive

Roles/Requirement  :

1) Should be computer literate. Should know how to make PPT, PowerPoint presentation, Excel, and     Word.                                                                                               

2)  Should be computer literate, Should have knowledge of tenders, GEM portal                                                                                                                                                         3)  Should have good communication skills and presentation skills.                           

4) Should have the knowledge to deal with the Client. The main aim is to generate business-related

apply to – recruiter@kashyapshrsolutions.com

Women discussing issue

Smart HR Services

•GUIDING, DRAFTING AND DESIGNING AN APPROPRIATE APPOINTMENT LETTER, OFFER LETTER • FROM TOP TO BOTTOM LEVEL ALL THE DESIGNATIONS. •  DEFINING A SMART AND ACCURATE EMPLOYEE AND EMPLOYER FRIENDLY SALARY STRUCTURE. •FULL SUPPORT TO EMPLOYEES UNDERSTAND THEIR TAX LIABILITY AND HELP THEM TO CHOOSE

 BEST OPTIONS TO SAVE MAXIMUM TAX. •ASSIST TOP MANAGEMENT FOR A RIGHT DECISION IN VARIOUS CRITICAL SITUATION ON

 COMPLIANCE AND EMPLOYEES RELATED MATTERS

HR EMPLOYEES HELP DESK SUPPORT SYSTEM:

 WE SET UP COMPLETE HR SERVICES WITHOUT USING YOUR PREMISES IN WHICH WE OFFER WE

 ASSIGN A DEDICATED EXECUTIVE AND EMAIL ID OF OUR, WHO HANDLE ALL EMPLOYEE QUERIES AND SUPPORT THEM FOR VARIOUS ACTIONS LIKE:

 PF ONLINE SUPPORT FOR THEIR PF TRANSFER / PF WITHDRAWALS/ LOAN FROM PF /NAME

CORRECTION IN PF DEPARTMENT / ESIC SUPPORT/ FAMILY MEMBERS ADDITION / TIC DOWNLOAD KYC UPDATE ETC. QUERY HANDLING RELATED TO SALARY SLIPS CALCULATION / TDS ETC. ALSO WE PROVIDE A SEPARATE DEDICATED EMAIL ID FOR YOUR EMPLOYEES IN WHICH THEY CAN RAISE THEIR ISSUES

 ACCORDINGLY WE GUIDE/RESOLVE AND SUPPORT THEM.

Payroll Management – Payroll Outsourcing

PROVIDING SALARY SHEET ON MONTHLY BASIS AND CAN CUSTOMIZE AS MUCH AS PER REQUIREMENT OF THE CLIENTS OR AS PER REQUIREMENT OF STATUTORY LAWS .

PAY SLIPS EMAIL TO EMPLOYEES ID ON MONTHLY BASIS WITH TAX PROJECTION REPORT .

GENERATE ALL MANDATORY STATUTORY REPORTS (FOR PF , ESIC , P TAX AND TDS ETC. ) AND PROVIDE ON MONTHLY BASIS .

SALARY VARIANCE AND RECONCILIATION REPORT ON MONTHLY BASIS .

SALARY PAYMENT BANK TRANSFER LETTER AS PER BANK REQUIREMENT .

SALARY ACCOUNTING JV REPORT FOR ENTRY IN FINANCE AND ACCOUNTS .

ANNUAL FORM 16 ISSUANCE TO EMPLOYEES . REPORTS UNDER SHOPS & ESTABLISHMENT ACT .

REPORTS UNDER CLRA ACT .

LEAVE MANAGEMENT : RATIONALIZATION EMPLOYEE LEAVE MANAGEMENT GIVES YOU A EXCELLENT OPPORTUNITY TO CHALLENGE MULTIPLE

CONCERNS IN A SINGLE HIT. IT REMOVES BUSY WORK INVOLVED IN LEAVE ADMINISTRATION AND EMPLOYEE FOLLOW UPS, SAVING TIME AND TRANSACTION COSTS.WHEN YOUR COMPANY’S LEAVE POLICY IS COMPULSORY RELIABLY, IT IMPROVES TRANSPARENCY & EMPLOYEE SATISFACTION OUR LEAVE MANAGEMENT SERVICE MECHANIZES ALL FROM LEAVE ACCOUNTING, GRANTS, TO PERIOD CLOSING ACTIVITIES.

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