Outsourcing And Payroll

Outsourcing and Payroll

Payroll management has evolved as a complex function for enterprises across the world. Degain can help identify outsourcing solutions to help organizations increase process efficiency in payroll management and outsourcing allowing them to focus on their bottom lines.

Client Challenges

Growing workforces
Increasing legal and compliance issues

Other Payroll Services

Monthly Processing :

  • Issuing offer letter or/and appointment letter
  • Confirmation letter and tracking for the same
  • New Joiner salary calculation/structure
  • Creation employee’s Master data
  • Salary revision
  • Attendance calculation (LWP)
  • Yearly and monthly cost to the company (CTC) structuring according to company’s policies considering minimum wages
  • Variable pay calculation
  • Monthly adjustments i.e. advances, reimbursement, deductions, stop pay etc
  • Loan payment tracking i.e. monthly equated monthly instalment (EMI), monthly perquisite on concessional loan
  • Maintain leave records as per companies’ policies
  • Maintaining employees master data like permanent account number (PAN), provident fund (PF) No., employee state insurance contribution (ESIC) No., Addresses, Date of Birth, Date of Joining, Date of Relieving, progression, family details etc
  • Perquisite calculation on various facilities i.e. Car, Meal, concessional loan, Housing Facility etc
  • Calculation Income Tax, professional tax (PT), provident fund (PF), employee state insurance contribution (ESIC), Labour Welfare Fund (LWF) etc
  • Scrutiny of investment declaration proof as per Income Tax Provisions
  • Resolve employees payroll related queries
  • Employees Assets Tracking
  • Full and Final Settlements, reliving letter, experience letter

MIS and Reporting :

Statutory Compliances

Advantages of Outsourcing

  • Maximized savings
  • Enhanced work environment
  • Better business decisions
  • Focus on core competencies
  • Reduced headcount
  • Single point of contact
  • Improved quality
  • Enhanced consistency
  • Sharing of Best practices
  • On-site Management
  • Focus on people and processes

About Degain

Degain manages and delivers comprehensive On-site Service Solutions that proactively preserve the value of each property, process and products. Degain become the tactical partner of business and organizations by creating, managing and delivering ample of solutions that enhance our clients' performance and expansion

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Contact Information

  •  Central Building,
         Marine Lines, Mumbai – 400 002.
  •   022 4127 7878
  •   022 4127 7879
  • info@degain.in