Payroll Outsourcing, BPO jobs in Bangalore, India, Information and resources about offshore outsourcing, bpo, call center & ITES industry in India.

• Outsourcing by definition is the process whereby a company, for one reason or another, buys in a specific resource or service from an outside third party rather than performing it in-house. Payroll outsourcing, therefore, is the process of externally sourcing, from a third party, the payroll function of a firm. By outsourcing Payroll function, companies can have professionally printed checks, vouchers, and reports delivered to your door or transmitted in electronic format.

Why do companies outsource Payroll Function?

Payroll outsourcing offers many benefits. Strategic focus and cost savings are the top two reasons companies decide to outsource. Outsourcing frees up resources, allowing them time to focus on planning and running their business than spending their valuable time in other non core activities. Companies dealing with lean budgets and limited resources can focus more on the revenue-producing segments of their business instead of back-office payroll and payroll tax compliance responsibilities. Information technology staff will no longer need to maintain payroll-related applications or spend valuable time and resources on evaluating, buying,testing, installing, and maintaining the system.

Services offered may include,

Web-Enabled Systems
New Hire Reporting
Enumeration Verification
Check Printing and Distribution
Compensation Management
Benefits Administration
Temp./Perm. Payroll
Department Staffing
Time & Attendance Systems
Local Income Tax Filing
Payroll Tax Filing Services

 

What are the employment options from Payroll outsourcing service providers ?

A commerce graduate with good business practice knowledge has lot of opportunities. Once absorbed they work closely with clients to build practical and creative approaches to remuneration and benefits strategy. Idea is to assist employers to minimise costs and ensure compliance, while providing solutions that serve to attract and retain employees.