subject: Payroll Services - Lots of Gain without any Pain [print this page] Payroll Services - Lots of Gain without any Pain
It is the last quarter of the financial year, and your payroll must be ready with reports that roll out and prepare employees' leave positions, capture and verify investment declaration data and also serve as investment advisory for tax planning for your employees. A good payroll service provider should be not only providing comprehensive value-added services, but also provide the flexibility for deductions and reimbursements for earlier periods that have been missed out. And when an employee needs clarification on the entire process, nothing can be more helpful than having a help desk in place.
TalentPro is one of the very few service vendors who can combine your payroll with time and attendance requirements, addressing Leave Records, Reimbursements, Loan Accounting, and Arrears Calculation, all the while de-linking the full and final processing from normal processing. TalentPro simplifies your payroll requirements and reduce the risk of errors with cost effective and transparent payroll solutions.
TalentPro's payroll service can handle, auto calculation of:
- Notice Pay recovery
- All pending loan balances
- Pending TDS
- Leave encashment
- Full and final statement that can help employees plan their deductions and reimbursements.
As reimbursements can be made part of payroll, our services give you the flexibility to define several reimbursement codes, with pre-set maximum values, enabling monthly reimbursement processing and the flexibility to generate reimbursement pay slips.
And this is also that part of the year when you should make sure that the system checks for special procedures to be incorporated into the payroll. For example, you can:
Schedule for any special bonus payrolls.
Verify that the month-end close-out dates are accurate for the coming year
Verify that management reports for the next year are scheduled, and will include the correct weeks and process.
Confirm that for the schedule of pay dates, period ending dates and quarter closing dates are as intended and do not fall on holidays or weekends, for the coming year.
All of these require a payroll vendor who understands your business and the pain points of adhering to compliance trends. TalentPro fits the bill and you can still aim to gain, without much pain.
