What is Statutory Compliance Management?

Many Labour Law Compliances such as PF & Misc Provision Act, Factories Act, ESI Act, Minimum Wages Act, Bonus Act, Labor Regulation and Abolition Act, Professional Tax Act, Shop and Establishment Act are required of Indian companies.  Establishments spend a significant amount of time ensuring that they are compliant with all these provisions, sometimes with no guarantee of full compliance. Continue Reading

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What more can you know about Payroll service providers

HR Outsourcing Companies offers Integrated Payroll management solutions. An integrated offering which provides 100% automated, on time and accurate payroll management along with self-service access. Their experts manage your end-to-end payroll.  There are numerous different kinds of Payroll Service Providers you can think about. HR Outsourcing Companies can choose the pressure off. Continue Reading

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Save upto 80% with outsourcing

Saving money is among the most compelling motivations that make outsourcing non-core processes like compliance and payroll an attractive solution for SMEs.The accent is on saving on time and expenses to stay competitive in the SME space. But process outsourcing comes with its own fees. So how does the saving factor come in? Continue Reading

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Outsourcing: 5 Frequently Asked Questions (FAQs)

When explaining the outsourcing concept to potential clients, we get asked certain questions time and again. In an attempt to help clear up some misconceptions around the process and help you decide if outsourcing is the right answer for you, here are some of the most common questions, and their answers. Continue Reading

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Payroll outsourcing: solution for SMEs

There’s no denying the importance of professional payroll software when it comes to managing your company’s payroll. The benefits involve an immense saving in effort while providing you with a great deal of transparency across the whole payroll workflow. It’s all perfectly logical and simple, so far. But what about the reality of selecting the right solution for your company? That’s where it gets a lot less simple. Continue Reading

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Common compliance issues all employees should know

When it comes to statutory compliance, forewarned is forearmed. It’s important that employees are aware of how compliance issues relate to their daily work life. Here’s a short checklist of some important things to look out for: Continue Reading

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In-House Payroll software is redundant: here’s why

An in-house payroll software solution might seem like a good solution to organisational needs; it isn’t always that simple. You have to consider overall scale of operations, available resources and effort, especially within the context of a small or medium business (SME). Payroll solutions need to deliver the best results at the best price with a minimum of effort; SME energies are better focused on growing core business and remaining competitive.
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The importance of statutory and regulatory compliance

Negotiating the minefield of compliance can be bewildering for a small or medium enterprise (SME) without the right guidance. Without the right documentation and measures, you can run afoul of statutory and regulatory obligations in a variety of areas. Some SME business owners are surprised at the sheer range of areas of compliance. Let’s look at these, in broad outline.
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Payroll outsourcing: getting your non-core areas managed

To understand just how much you stand to benefit from outsourcing your payroll function, let’s take a look at all the tasks a payroll process partner like Alp Consulting undertakes:

  • Getting the payroll inputs from the client
  • Pulling in compensation information from branches, if any
  • Validating these inputs, following up gaps Continue Reading
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Sensible savings: why Indian companies are increasingly turning to outsourcing

Outsourcing is on the rise worldwide, and the reasons are clear. In the current global economic climate, companies need to save money wherever they can. And the numbers clearly show that outsourcing functions like payroll management can lead to significant savings compared to an in-house solution.

Studies have shown that companies who retain functions like payroll and compliance in-house can spend 18% more than companies who outsource on average. Significantly, the costs make a larger dent into overall profitability for small and medium enterprises (SMEs), where spends have to be planned out even more carefully. Continue Reading

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