Outsource your Payroll Management Services

A payroll management system is a set of regulated steps that are performed in an order every month to form a payroll cycle. These steps involve the administration and management of financial records such as staff wages and salaries. A well-managed payroll system includes the following:

Table of Contents

How a Mismanaged Payroll is Bad News

Poor payroll services can affect employees’ morale and ultimately business productivity. In addition to ensuring timely salary deposit in the employee bank account, a
well-managed payroll system follows laws and regulations such as labor laws, PF, PT, and
other statutory compliances.
Not following the law could result in serious financial and legal implications. Collecting data
from the attendance register, conveyance facility availed record, data from your HR isn’t
easy. Careful planning and constant monitoring of changes are necessary.

Outsourcing is the Answer for Payroll Management

When you outsource your payroll management, you save time, money, and effort. Outsourced
payroll management has proven to be more accurate than in-house payroll management systems.
With outsourcing, you get error-free payroll processing and compliance. Additionally, you can free up your time and resources to focus on core tasks

What VAR has to offer

We understand your payroll management system requirements which is why we’ve developed a system that ensures you only get the best in quality. When you decide to outsource your payroll management to us, you get:

Reduced costs in the right hands

Calculating hours spent by the employees at the company, the paid time off for each
employee, deductions, generating reports and what not! There’s a lot to manage when it
comes to payroll. When you outsource your services to VAR, all activities related to payroll
management are taken care of in a cost efficient seamless manner. Our outsourcing costs are
much less compared to the time you spend in-house to perform payroll management. With
us, you are in the right hands.

Avail state of the art payroll management

Our payroll management software optimizes the process resulting in enhanced accuracy and
timeliness. We use the latest technology to seamlessly manage your payroll. Our software
portal provides all the info needed on your employees. Salary disbursements are alerted via
email. We make you aware of the open issues with regular alerts thus ensuring there are no
roadblocks in the payroll management process.

We help you with compliance

The struggle when handling complex government tax regulations is common. With so many
complex rules, laws and taxes to consider, processing remuneration and reimbursement for
each employee becomes increasingly difficult. Before you know it, the mistakes pile up
resulting in audit irregularities that can have serious legal implications for the company. At
VAR, a dedicated team of experts takes care of your organization’s payroll compliance by
keeping itself abreast to the latest updates in compliance regulations and tax rates. We
address statutory/government notices within the stipulated time and handle government
agencies related to HR.

Regular Audits & checks on system

At VAR, we perform an audit every month to ensure your payroll services are in order. Our
audit involves:

  1. Verifying if the documentation is complete for all employees on the payroll.
  2. Whether notifications are on display as per statutory norms.
  3. Verify if there are any inspections from government bodies and further action has been
    taken. If the answer is yes, we ensure that the issue is closed.
  4. Verifying MIS details shared with the client.
  5. Verification of records of employee grievances and their redressal.
  6. Sample verification of biometric vs actual attendance vs attendance of salary imbursed.
  7. Feedback from the client HR
  8. We’re always open to suggestions for improvements.

With us, your data more secure than ever

In the wake of the pandemic, when more employees than ever are working from home,
there’s a high possibility of data being mishandled, embezzlement, threat to the safety of the
server and identity theft. At VAR, we store your data in cloud based servers that are
encrypted with the latest technology that keeps your information safe.

Looking for your ideal facility management provider? VAR’s got you covered!

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post

Sign Up to Get Latest Updates

Facility Management Service providers that manage your non-core activities are a realm of the past. We believe your core is our core! 

Contact Us
2nd Floor Grace Towers #70, Millers Rd, Vasanth Nagar, Bengaluru, Karnataka 560052
Phone No. – 080 4146 4792
Email Id – info@varfms.com
© 2021 VAR