Every business activity must include payroll. It is the procedure through which workers are compensated for their services and is crucial in guaranteeing worker satisfaction and retention. But managing payroll can take a lot of time and be challenging, especially for small and medium-sized enterprises with little resources. Here, payroll outsourcin…

Every business or company regardless of size needs to have a payroll system in place. Among other things, it entails managing employee salaries, benefits, and taxes. Payroll management, however, may be a time-consuming and challenging chore for organizations that diverts attention from other crucial business operations...Read more…

Payroll is a difficult process that is made more difficult by the particular procedures used by each organization, compliance concerns, a wide range of allowances and deductions, and continually evolving legal requirements. This frequently puts firms at risk because there is so much at stake in terms of fines, extra inspection, and brand reputation…

The management of payroll in the hospitality industry presents distinct and intricate challenges that necessitate meticulous attention and tailored solutions. From coping with seasonal workforce fluctuations to adhering to labor regulations and addressing tip-related concerns, hospitality businesses must navigate a multifaceted payroll landscape. T…

In today’s competitive business world, managing employee benefits and taxes can be overwhelming for any organisation. The complexity of administering employee benefits, ensuring compliance with labour laws, and managing payroll can quickly become a burden, especially for small and medium-sized businesses without dedicated HR staff. An Employer of R…

Payroll management can be defined as the management of employee's financial records, wages, salaries, bonuses, deductions and net pay in accordance with the labor laws of the nation. While payroll management is not easy but it is significant that it be managed correctly because the consequences of deviation in payroll management may lead to financi…

Managing payroll efficiently and ensuring compliance with ever-changing regulations are crucial aspects of running a successful business. However, the complexities and intricacies of payroll processing can be overwhelming, leading to increased risks and potential compliance issues. As a solution, many companies are turning to outsourcing their payr…

Payroll compliance is essential for manufacturing companies due to their distinct operational structure and diverse workforce. It encompasses the adherence to legal and regulatory mandates governing employee compensation, tax obligations, benefits administration, and meticulous record-keeping...Read more…

Outsourcing payroll services is a potential solution to tackling payroll complexities. But before we talk about it, let's look at statutory compliance in HR and payroll in India with this quick guide. What is Payroll in the Indian Context? In India, payroll involves a broad array of activities that include but are not limited to the following. The …

As a HR professional, one of your core responsibilities is the leave management process. Your role is to manage and motivate employees to give their best productivity levels to the company. Giving employees leaves is one factor that helps them recharge their batteries. You are wondering where you will start. Well, you have come to the right place t…

The year was 2016 when India saw its first transaction through a QR code. Additionally, the recent innovations are the blockchain and NFT. Transaction technology has visibly changed over the years leading to new IT job roles in BFSI industries. Banking HRs are rolling up their sleeves to recruit and train this new wave of Fintech talent. The next m…

According to a survey conducted by Harvard Business Review Analytic services, 92% of companies have already entered the global market, and only 8% are yet to do so. Among companies that have already entered the global market, 87% have a global workforce, and only 13% do not. In terms of future plans, 63% of companies with a global workforce plan to…

The trend of adopting payroll outsourcing has gained significant momentum across companies of various sizes. However, it is crucial to note that the industry is subject to rigorous regulations, encompassing a multitude of rules and prerequisites that differ depending on the business type and location.....Read more…

The word statutory translates to "of or related to statutes"- rules and regulations, so statutory compliance stands for adhering to rules and regulations. These rules and regulations are a legal framework the government (central and/or state) put in place for all businesses to follow – we are trying to comprehend payroll statutory compliance servic…

Employer of Record service providing companies offer a complete solution to global companies that the companies need to enter a new market. These service-providing companies address all the needs of the expanding company as well as the distributed workforce of that company. Employer of Record makes the process of global expansion easier for interna…

Did you know that the global payroll outsourcing market is expected to grow by $7087.99 million by 2027, growing at a CAGR of 5.8% from 2023 to 2027? Report Linker Payroll outsourcing is becoming increasingly popular among business owners and for a good reason. It provides many benefits for Small and Medium Sized Enterprises (SMEs), including minim…

Payroll management has come a long way from manually calculating salaries and keeping records to an automated process that is streamlined, efficient and accurate.By Reetika Paysquare