Outsourcing payroll is when a business pays an external payroll service provider to handle payroll processes, such as salary and payroll tax calculations and paycheck distribution. It is the opposite of managing payroll in-house and is often used by businesses that wants to cut costs and make their payroll process more efficient. Payroll outsourcing hence describes the externalization of a business’s payroll processes. Outsourcing payroll is typically associated with cutting costs, improving process efficiency and enhancing compliance. While many businesses use payroll services for their domestic workforce, the real value of outsourcing lies in simplifying global payroll management. Top Payroll Outsourcing Companies in India takes outsourcing to a new level by externalizing payroll tasks for employees in different countries and locations, either using several local payroll outsourcing companies or a single global payroll provider. Outsourced payroll services can include:-
  • Payroll implementation and set-up.
  • Payroll processing and salary calculations.
  • Employee benefit administration.
  • Statutory payroll reporting.
  • Administration of tax payments.
  • Compliance Management
  • Employee Payroll Support.
Payroll outsourcing companies use payroll software to automate payroll processes. Contracting a payroll outsourcing service is therefore often cheaper, faster and more efficient than operating with an in-house payroll department. The more employees and payroll countries businesses have, the more money they can save. One big advantage of working with the Top Payroll Outsourcing Companies in India is having direct access to payroll expertise. Payroll providers are experts with regard to local tax rules and regulations and know the payroll and compliance calendar. Outsourcing payroll therefore frees businesses from worrying about important payroll related deadlines and other payroll compliance risks. Businesses need to be fully focused on their internal expansion if they want to hit their growth targets. Not having to deploy a part of the HR team to take care of payroll means that the internal team has more time to focus on core business activities. Payroll providers process large sets of employee data on a daily basis and hence know the importance of having strong security measures to prevent sensitive payroll data from getting leaked.

Payroll management looked after by the Top Payroll Outsourcing Companies in India is considered to be the cost-effective approach. Payroll processes, legal regulations and payroll service fees vary from country to country, which impacts the total payroll outsourcing cost. Additional factors that influence payroll outsourcing costs are headcount, payroll cycle, and the range of services required by the organization. Also, payroll outsourcing providers have different pricing models. While some payroll providers calculate their service fees based on payroll frequency, others will charge a fixed fee for a basic service package. Businesses first need a clear understanding of what payroll services they actually require and what they expect from a payroll outsourcing provider. A solid strategy makes things easier for both the internal team and the payroll partner. Timing is everything when hiring out payroll functions. Before taking any further steps, the project team should develop an implementation timeline. Having a clean data input is crucial for payroll accuracy. Incorrect source data will lead to inaccurate payroll calculations. Therefore, businesses should make sure to double-check all the information that was added to the system that is set up by the payroll outsourcing provider. Payroll initially affects all of a business’s workforce. Therefore, notifying employees about the planned changes is crucial. Also, team members who are actively involved in the payroll process should receive clear instructions. When switching from in-house payroll processing to payroll outsourcing, it is always a good idea to have at least one parallel payroll run to make sure both payroll delivers the same results.

Seven Consultancy provides the specialized service of Payroll Outsourcing. Journey of Seven Consultancy started in 2007. Now it has crossed many milestones and added many feathers in its crown. Currently having operations in different cities of India and abroad to provide solution to Human Resource domain to our clients. It made us one of the topmost among all the Top Payroll Outsourcing Companies in India. We provide not only resource recruitment services but also a complete solutions related to all the activities of Human Resource Management. We are one of the Top Payroll Outsourcing provider across PAN India.