Paysqaure

Temporary staffing, also widely referred to as temping, is a method of employment that is becoming more and more prevalent. It is basically the hiring process where workers or staff are hired on a temporary basis or contract – for a specific project or for a specific duration. Temporary staffing is generally an agreement between three different parties. In other words, the temporary staffing solution is provided to the client or the main company, and the payroll for the temporary workers is handled by the third-party Company or vendor.

After working with a series of small and medium organizations over the years, we have discovered that most of the companies face challenges in payroll processing in the starting.

With businesses breaking global boundaries and penetrating the barriers to achieve excellence and better revenues, payroll processes are becoming more and more centralized. There are so many norms and rules that are now standardized for companies across the globe. These modifications in the global landscape have also impacted the payroll processes in various industries. For this reason, in this article, we will discuss global payroll challenges faced by organizations.

We have also explored the possible solution to payroll challenges through payroll services. Let’s dive in and start understanding how payroll service providers can prove to be a blessing in disguise.

In a survey released in 2019 by Statista, it was revealed that more than 38% of organizations already outsourcing payroll activities.

It is obvious that ever since the pandemic, this count has only increased. Earlier, everyone used to visit the office, there were clear policies and engagement activities. Hence, the HR manager still had some time on their schedule to prepare payroll and dispatch salaries nearly on time.

Outsource payroll services help the organization resolve problems that may arise through in-house payroll & increases the efficiency of the organization.

By choosing Payroll outsourcing service providers, the owners wash off their hands of activities like managing compliances, paying salaries, remitting taxes

managing payroll single-handedly is a tedious task. With various tax codes and payroll regulations to manage, staying compliant can be difficult. Thus, a majority of the organizations decide to outsource payroll to third-party vendors. Payroll outsourcing help to avoid penalties and stay compliant as well. Continue reading...

we have discussed what payroll challenges small and medium organizations face and how payroll management services can help you mitigate issues. Continue reading...

The importance of regulatory & compliance in the HR department, we have discussed regulatory compliance for an organization. Check how HR compliance services can help

In simple words, financial compliance is the enforcement and regulation of the laws and rules in capital markets. Financial compliance covers the whole of the financial spectrum, ranging from retail banking practices to investment banking practices. Compliance in financial services works towards meeting the key regulatory objectives to protect the investors and make sure that the markets are efficient, transparent, and fair.

The majority of the companies opt for outsourcing payroll because of the cost and stress involved in hiring an accountant and retaining him/her.

A lot of businesses are outsourcing payroll management in India. If you would also wish to try your hands at this amazing payroll service, then read on.

For orgnisation the most important tasks is the payroll process. Employees need to be able to rely on being paid on a consistent basis without delays.

The new generation of accounting professionals must embrace technology and adapt to the accounting trends that are disrupting the long held best practices.

Payroll services (outsourced or internally managed), need to be error-free to avoid unnecessary hassle, read this article for Error Free Payroll Process

Outsourced payroll providers are teams or businesses that allow other businesses ample breathing by taking over their payroll needs.

It is always best to let each department focus on their own objectives, and that is why outsourcing payroll services can be a good idea for some.

Why Statutory Compliance is required & it's Importance for businesses in India. Here are some labour Acts in India that require list of statutory compliance

The modern trend of work-from-home and social distancing during this pandemic has rendered a new direction to the payroll strategies.

How to switch payroll provider with best outsourcing options for new financial year? Here are some of the ways you stand to benefit if your outsource payroll.

HR compliance best practices help in minimizing the non-compliance issues and increasing the credibility and reputation of the company.

Here’s presenting the future payroll trends 2021 that you have to watch out for and should stay updated about to always remain a step ahead in the game:

Temporary employees meet your requirements, it will be easy for you to maximise ROI while using the benefits offered by temporary staffing agencies

Errors in the payroll calculations occur due to the high volume of payroll data.Here are some Tips to Solve Your Payroll Problems and Reduce Errors

Here are some distinct Tips Why Payroll Outsourcing is more important for SMEs than any other enterprise.