Managing payroll may it be for a startup or a large multinational tends to be a complicated process when you factor in the work that goes into making sure your employees are paid properly and on time along with the taxes and salary deductions that further complicate an already time-consuming and labor-intensive process. Human resources management, consulting, and benefits administration are crucial aspects of any business; however, can take up too much time and effort that can prove to be very costly especially for entrepreneurs or business leaders who are already busy with revenue-generating activities. This task can also become more difficult when working with labor laws and tax systems in India that require experience to stay on top of.
Brainbox provides end-to-end payroll processing services for small, medium and large organizations. We’ll take care of your employee’s payroll all the way from when they join your company and right until they leave, they’ll never have to worry about not receiving their correct salary on time ever again so that they can focus on carrying out their respective responsibilities. The combination of our years’ expertise dealing with clients all over the world and our state of the art processes and robust technology is what sets STAFFVIRTUAL apart from the other payroll outsourcing vendors.
Services Offered:
1. Employee Onboarding
2. Time and attendance monitoring
3. Salary computation and processing
4. Payslip generation
5. Government mandated remittances and reports
6. Updated report on payroll and tax
7. Handling labor management related issues
8. Employer access to employee’s’ time record
Benefits:
A. Reduced costs
Through outsourcing your business’ human resources and payroll functions, you can avoid hiring additional people for non-income generating tasks and save on overhead costs such as adding more equipment and space to accommodate and train additional employees.
B Fast and convenient setup
Once we have identified and discussed your requirements as well as the project’s timeline, Brainbox will quickly set up your office together with the HR services that you need. Your business will continue to operate as usual with lesser downtime.
C. Payroll Processing
Brainbox offers a comprehensive set of services that are designed to optimize our clients’ talent management, reduce costs, and improve process efficiency. Brainbox’s payroll outsourcing service provides access to timely, accurate, and secure data with the following:
– Bank-advice statement and customized reports
– Master employee-input files with relevant checks and balances to ensure accuracy
– Full and final settlement for all employees
D. Payroll Compliance
Our experts provide support for the following compliance requirements:
– Statutory compliance with government returns
– Withholding Tax computation
E. Custom Reports
Brainbox delivers custom reports that help your organization make data-driven HR decisions including, but not limited to, the following:
– Pay details of all employees
– Information about employee turnover and retention
F. Human Resources Management
– Recruitment, selection, and deployment
– Orientation and training
– Termination and redundancy control
– Compensation programs
– Management and legal reports