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Presentation on theme: "Powered By BEETLES SOFTWARE, Pune."— Presentation transcript:

1 Powered By BEETLES SOFTWARE, Pune.
HRedp Data Services Powered By BEETLES SOFTWARE, Pune. Free Powerpoint Templates

2 Half-Baked chicken leads to errorneous
Most of the small scale units outsource Half-part of their Payroll Activity, which is wrong. Either you outsource complete Payroll Activity or do it in-house with an Integrated Payroll Software Half Processing increases complixity and repeatation of work which leads to erroneous output.

3 “Take this half-boiled chicken and prepare Gajar ka Halwa for me
From it…!”

4 Use of Payroll Software is Now Must
Most of Government Institutions like E.S.I.,Provident Fund, Profession Tax are going On-Line. So by using software it becomes easy to submit online data.

5 Outsourcing saves cost
Big businesses can afford to maintain big payroll departments. For small businesses, however, an in-house payroll service is a money burner. If your business has fewer than 20 employees, there's a very good chance that you can save money by outsourcing your payroll operations. Do the math. Figure out how many hours your employees are devoting to payroll-related activities, calculate how much you're spending and compare the amount to the plans offered by several payroll-services providers. Also, be sure to factor in the money your business spends on tasks like printing and distributing checks, creating tax documents, and the like. You'll probably be surprised by the result.

6 Productivity Payroll management is a time-consuming activity. With this burden removed, your employees can focus on doing more productive things.

7 Accuracy Payroll mistakes can be painful, angering employees and — more ominously — the government. A good payroll-services provider is far less likely to make a serious error than your in-house staff.

8 Reliability In-house payroll activities function as reliably as the people doing the work. With a payroll service, output speed and quality won't vary in accordance with vacations and illnesses. You also won't have to spend time helping new hires understand your business's payroll system.

9 Speed Since payroll-services providers are specialists with vast technical resources at their disposal, they can process even the most complex payrolls at lightning-fast speed. Unlike most employers, they can also accommodate a temporary influx of seasonal workers without acquiring new systems that will remain dormant the rest of the year.

10 Insight A good payroll-services provider will know all the ins and outs of payroll-related tax laws and regulatory mandates on the federal, state and local levels. Your employees could try to achieve the same level of understanding, but it would take a considerable investment in time and effort.

11 Flexibility Boring, repetitive payroll work can act like an anchor on your business. Your staff, when freed of rote payroll responsibilities, will be free to focus on other, more creative work.

12 Reliability Do you have the time and energy to closely supervise your business's payroll for time and rate abuses and other shady activities? Most payroll services firms have technologies that can spot and alert clients to various types of payroll fraud, such as payment manipulation and "phantom workers."

13 Worry There's a lot to be said for the peace of mind that outsourcing payroll services can bring to a business owner or manager. No headaches, no hassles: You're left to focus on running a profitable business.

14 7 Signs That Your Company May Be Ready for HR Outsourcing
Spiraling Costs: Rapidly rising costs in Payroll, benefit management and other key areas continue to be the primary driver for HR outsourcing. While cost reduction isn't the only reason for using an HRO — efficiency, quality and speed are other motivating factors — it's certainly a major consideration. Missed Deadlines: If a growing number of employees are complaining that critical documents, ranging from paychecks to W-2 forms, are arriving late, it's a sign that something is broken. There's a good chance that the delays are being caused by an HR department that's stretched beyond its capabilities. An HRO can step in and help get critical work back on schedule without the need to hire new HR employees or upgrade facilities. System Overloads: If HR tasks are beginning to overwhelm internal IT resources, it’s time to either invest in additional technology or turn at least some of the crippling workload over to a third party. HROs rely on their own IT systems, enabling in-house systems to focus on non-HR-related tasks. A cost/benefit analysis may show that it would be cheaper for your business to shift data-intensive and high-priority HR resources, such as employee databases and Web self-service operation, to an HRO rather than invest in new on-site technology. Increasing Mistakes: No HR department is foolproof, but snowballing goofs are another sure sign that people and systems are being stretched beyond their limits. Assigning mistake-prone work to an HRO can lower the pressure on in-house staffers. The best part is that an HRO can be held accountable for supplying a basic level of accuracy in whatever work it handles. This is especially important in situations such as payroll where legal compliance is an issue. Poor Quality Work: Mediocre or worse output over an extended period of time is a sign that an HR department is being overworked or — more ominously — simply isn't competent. While a business may wish to experiment with new managers and work procedures, it may be simpler to just outsource everything to a third party, either permanently or while a new HR department is being assembled. Disgruntled HR Workers: Employee griping is as common as office football pools. But when the complaining begins drowning out normal discourse, it's time to start considering remedial action. An HRO can step in during busy seasons to take on the extra time-consuming tasks that drive up HR workloads and staff discontentment. Competitors' Moves: Are many of your business' prime competitors shifting to HROs? If so, they might have spotted a need that you may not have yet detected or have been unwilling to acknowledge. Ask around and find out what benefits your rivals are gaining from outsourcing HR work. You may discover that these same issues apply to your organization.

15 Payroll Processing means not just preparing Paysheet, Payslips and Challans.
Data-Data everywhere but seeking for information. This is what happening in most of the organization. Easily availability of required data within short time period without any follow-up is very important. Managers do expect information ‘immediately’ but due to lack of genius data extracting system, person appointed for that work is also helpless.

16 About us HRedp Data Services is a LPO (Legal Process Outsourcing) company. Working since 1996 in Payroll Development and Processing field with very good customer track records. As our policy implies that our customer is not just a customer but a life-long business partner to work with.

17 Advantages of Payroll Outsourcing
Don’t need to purchase or install any Payroll Software No Software Maintenance charges No Data loss due to Computer Breakdown or Power Failure 100% Security Highly compatible with any latest Technology Operate from any computer with via Net No extra Investment in Hardware or Manpower

18 Services Governed in Payroll Processing
Monthly Payment Sheet Processing based on Attendance Arrears Processing Leave Encashment, Gratuity, Bonus Calculation Reimbursement Processing Income Tax, PF, PT, ESI, LWF Calculation & Deduction Bank Transfers Employee Declarations Third Party Payment Calculation Full & Final Settlement Administration of Employee Reimbursements Computation of CTC of employees Information to Clients' employees regarding status of claims Tracking LTA Online submissions

19 Contact Us HRedp Data Services Pimpri –
#3, 3rd Floor, Esteem Towers, Opp.KSB Pumps, Pune-Mumbai Road, Pimpri, Pune. Pirangut – Gat No. 11-4, Urawade road, At Post Pirangut Pune. Contact – Phone Mobile Website

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