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PaysquareHow Outsourcing Payroll can keep a business compliant and Reduces RisksManaging payroll efficiently and ensuring compliance with ever-changing regulations are crucial aspects of running a successful business. However, the complexities and intricacies of payroll processing can be overwhelming, leading to increased risks and potential compliance issues. As a solution, many companies are turning to outsourcing their payroll functions to specialised payroll providers. Organisations can experience improved compliance and reduced risks by entrusting payroll management to payroll providers...Read more : https://paysquare.com/how-outsourcing-payroll-can-keep-a-business-compliant-and-reduces-risks/2023-06-0715 minPaysquarePayroll and HR Outsourcing for the Banking and Finance IndustryThe year was 2016 when India saw its first transaction through a QR code. Additionally, the recent innovations are the blockchain and NFT. Transaction technology has visibly changed over the years leading to new IT job roles in BFSI industries. Banking HRs are rolling up their sleeves to recruit and train this new wave of Fintech talent. The next mission is to cut costs, boost efficiency, and provide challenging roles to the workforce. HRs are focussing on these core activities while delegating the non-core ones to payroll outsourcing firms. But before we jump into the HR outsourcing services and their adv...2023-05-2203 min
Paysquare Consultancy Ltd.10 Benefits of Partnering with a Temp Staffing Agency in 2019-PaysquareBusiness demand is never constant. There are times when there is a surge in demand which may be seasonal or due to a major project that you have secured. These are temporary phases when you need extra staff and once the demand falls or the project is over, they are no longer required. This is where temp staffing agency comes in. You hire an employee on a contractual basis for the duration of the project or the increased demand. It is a win-win situation for the temporary staff as well as the company. Temp staffing in India specializes in...2021-10-0605 minPaysquare Consultancy Ltd.Common issues faced when outsourcing payroll Services in India-PaysquarePayroll outsourcing is one, in which several companies or businesses hire a firm to manage all their payroll operations, in order to save money and time. Payroll outsourcing should be done because it helps in reducing the requirement of in-house trained payroll staff. Outsourcing payroll services in India also helps in maintaining and purchasing updated software packages. Outsourcing payroll services is beneficial because it proves to be an efficient cost-saving strategy because sometimes, it becomes easier to avail services from outside than in-house. Read more...2021-10-0605 minPaysquare Consultancy Ltd.10 Useful Accounting Tips for Small Businesses | PaysquareThis article will discuss the accounting tips for small businesses that can help you manage operations and overall financial strategy. Accounting and bookkeeping is a very important factor while making financial strategy.2021-09-2806 minPaysquare Consultancy Ltd.How will the future look for payroll Outsourcing in India-PaysquarePayroll outsourcing not only gives you more time to work on creating better business strategies but also ensures that regulatory compliance.2021-09-1406 minPaysquare Consultancy Ltd.Statutory Compliance Outsourcing for small businesses in India-Paysquarestatutory compliance ensures that employees are fairly paid. Here are statutory compliances required for payroll outsourcing in the Indian context2021-09-0906 minPaysquare Consultancy Ltd.Payroll Outsourcing Services For Small Business in India | PaysquareCarrying business successfully means juggling a variety of activities. Comprehensive Guide to Knowing Payroll outsourcing services for small business.2021-09-0205 min
Paysquare Consultancy Ltd.Is Payroll a Finance or HR Function ? | Paysquare.Understanding Payroll Function. The Payroll department in an organisation concerns itself, primarily with the payment of wages to the employees.2021-08-2305 minPaysquare Consultancy Ltd.The 8 Qualities of Successful Temp Staffing Firm in 2019-PaysquareBest temp staffing firm is known for the ability to deliver precision-driven recruitment choices for organisations. 8 reasons to use a temp staffing firm.2021-08-2304 minPaysquare Consultancy Ltd.Its Time to Switch Over- Payroll Service Provider | PaysquareChange is never painful, Usually, change gets delayed due to thought of starting things from scratch. Know When Its Time to Switch Payroll Service Provider2021-08-0505 minPaysquare Consultancy Ltd.Top 7 Reasons to Use A Temp Staffing or 3rd Party Payroll Firm for your company-PaysquareThe payroll department plays a key role in any organization. It takes care of the entire hiring process starting from issuing the offer letter to the printing of the termination letter. The salaries and other statutory benefits also are handled by the payroll department which includes getting the registrations for Employee Provident Fund and Employee State Insurance Scheme, etc. There are complex and time-consuming processes for these registrations. Reasons to use a Temp Staffing/3rd Party Payroll Firm for your company2021-07-2506 minPaysquare Consultancy Ltd.Building a Robust Indian Payroll Calculation System | PaysquareIndian payroll calculations require knowledge of many laws besides the tax laws. Which need to understand minimum wages act, payment wages act,etc...2021-07-1105 min
PaysquareWhy temporary staffing is the future in 20202021-05-2007 minPaysquare Consultancy Ltd.Why Do You Need Temporary Staffing AgencyBusinesses change from time to time to meet the market dynamic. In some situations, demand will be at the peak, whereas in some order will be on a surge. In both cases, employees play a critical role in meeting business requirements, but the biggest challenge is to manage employees.
Consider the scenario when demand is on the peak, but the organization is facing a shortage of staff due to many reasons like sickness, personal leaves, resignations, retirements, lay-offs, maternity vacations, busines s expansions, etc. If an organization receives the seasonal project, then they go for so...2021-05-2010 minPaysquareUpdated Checklist for Statutory Compliance 20202021-05-1308 minPaysquare Consultancy Ltd.20 HR Documents And Policies Every HR Manager Should HaveManaging a business is not only about handling routine operations. There are also many legal aspects that one has to care for, and non-compliance with the same may land the business in trouble. For every business in the present era, various statutory requirements have to be followed. Continue reading...2021-05-1310 minPaysquare Consultancy Ltd.Need for Statutory Compliance ServicesWhat does statutory compliance mean? Well, the compliance is all about a framework within which the business needs to operate. For every organization, it is necessary to meet specific requirements in terms of documents and papers that need to be provided to the authorities read more 2021-05-1310 minPaysquareOutsourcing accounting service provider for your business2021-05-0608 minPaysquare Consultancy Ltd.Certified Payroll: How It works and what it is?For the organizations, it is necessary to maintain the record of work and payment offered for the same. The certified payroll is a government form that lists every employee in a company. It also includes their wages as well as the benefits they are eligible for.2021-05-0609 minPaysquare Consultancy Ltd.Payroll Terms: Here’s What You Need to KnowThink of the employee who has a family to cater to. This person has three dependents, one mother and two children. Every day, this employee comes to the office, works for 9 hours, and executes every task with efficiency. Sometimes, this employee also becomes the employee of the year because of their high performance.2021-05-0609 minPaysquareWhy Leave Management Is the Important to a Better employer Experience2021-04-3010 minPaysquare Consultancy Ltd.Is your Payroll Statutory Compliant?For any organization, there are various norms set by different authorities. It needs to follow all the rules, which is called Statutory compliant. Salary has special norms that every organization needs to follow the most crucial factor. It is called payroll compliance. The payroll has got various parts, and each of them must be adhered to as per the standards set by the laws.2021-04-3011 minPaysquare Consultancy Ltd.20 Common Doubts About Accounting OutsourcingDo you know today 63% of businesses prefer outsourcing accounting services and only 23% perform in-house? Does it mean that outsourcing accounting services are simple?
Accounting outsourcing is not as simple as flipping a switch.2021-04-3011 minPaysquareOutsourcing Accounting Why Do You Need It2021-04-2309 minPaysquare Consultancy Ltd.The Ultimate Guide for Restaurant PayrollIt is a well-known fact that the restaurant industry provides one of the highest employee turnover rates for the restaurant staff. If we see the stats of 2017, on an average, a restaurant staff stayed at a job only for one month and 26 days.2021-04-2309 minPaysquare Consultancy Ltd.Know the Purpose of Payroll Management SystemUnderstanding the Purpose of Payroll Management System
When you first started your business, you had this great idea in mind, or you just had the will to have something of your own. Hence, you picked the best industry you know in and started.2021-04-2308 minPaysquareCommon problems that HR face in Payroll Management2021-04-1410 minPaysquare Consultancy Ltd.Rules and Regulations for statutory compliance ServicesIt’s rightly said that “Good Compliance is Good for Business”.
It’s true and very relevant because Compliance can make or break your company’s reputation. It also represents an opportunity to enhance the value of your business.2021-04-1408 minPaysquare Consultancy Ltd.Best Practices To Make Your Payroll Process StreamlineMoney Something that makes payroll both complicated and easy. While it seems easier to manage money and salaries of the employees due to available technology help, it is complicated to avoid errors related to compliance, taxes, etc.2021-04-1408 minPaysquareHere Are the Payroll Issues that Pharmaceutical Companies Face2021-04-1204 minPaysquare Consultancy Ltd.How Can You Reduce Accounting Costs: Tips for Small Businesses?Imagine this:
You have started a business only six months back. Today, you already have ten clients and a small team. But, in between all this, your work is getting hampered with the necessary accounting tasks. It is the end of the quarter, and you have to calibrate your accounts, dispatch salaries, look after TDS, and other necessary taxes. You are spending almost 2 hours extra in the office daily.2021-04-1211 minPaysquare Consultancy Ltd.10 Important Tips for Setting Up a New Company’s PayrollAre you hiring employees at your business?
But before that, you need to set up a payroll solution for your business
Setting up a payroll for the first time can be overwhelming but it will be worthful once you have extra hands helping to run your business.
Do not delay further?2021-04-1211 minPaysquareEducation Industry and Payroll What’s the Situation2021-04-0104 minPaysquareGuide for minimum wages in India2021-04-0113 minPaysquare Consultancy Ltd.Why Accounting and Bookkeeping Services is the backbone of every businessMost of the businesses never succeed. Why? Because business owners never pay attention to accounting and bookkeeping services. Failing to manage their books has an adverse effect on their business performance.
Is it possible to make the business successful?
Absolutely
No matter which business you run. A backbone of accounting and bookkeeping services is required for smooth operation of business. Irrespective of the business size it is the most important requirement for the growth of your business.2021-04-0111 minPaysquare Consultancy Ltd.20 Key Factors to Consider Before Choosing an Accounting Outsourcing Partnerhe concept of operating Industry is changing nowadays.
Organizations are leveraging that concept as a strategy to change their operating models.
Are you aware of that concept?
It’s none other than outsourcing. Outsourcing is a blessing for businesses in today’s dynamic market. Companies are outsourcing different services and getting the work done in the lowest possible costs without compromising on quality and compliance.2021-04-0111 minPaysquareWeb based leave management system for your business2021-03-2613 minPaysquare Consultancy Ltd.Payroll Services for Manufacturing CompaniesEvery business requires some methodology of processing the payrolls irrespective of the industry that business belongs to. There are some sections of the industry that require a more detailed payroll system in comparison to others to run their day-to-day processes smoothly. One such industry is the manufacturing industry. In this industry, many roles are on different pay scales.2021-03-2609 minPaysquare Consultancy Ltd.Payroll Outsourcing Services: Changing The General PerceptionPayroll outsourcing services. What comes to mind when you first read this?
Many people have positive notions because they have had good experiences. But, a lot of others negatively perceive payroll outsourcing, due to faulty mechanism and poor handling.
Situations have changed today.2021-03-2609 minPaysquare Consultancy Ltd.Payroll Services for Healthcare & HospitalsHospitals give some hope and good health to the most vulnerable people, i.e., those who are sick and injured. It is very important to hire competent employees, to make sure everything is working perfectly at a hospital. Starting from the receptionist who is responsible for taking care of the documentation of the patient to the physician who performs emergency surgeries and from nurses who take care of the patients and doctors who handle the OPDs, every single person has an important role.2021-03-2110 minPaysquare Consultancy Ltd.20 Payroll Issues for the Manufacturing IndustryFor every industry, there are different pay scales for various roles. The manufacturing sector has many different sections in organizations like machine operators, management, packers, shippers, and many others who have different pay scales. Based on the varying rate calculations, the expertise of the workers under the same group and expertise required to produce a certain component in the manufacturing industry can bring many different pay scales that are not easy to tackle at a human level.2021-03-2110 minPaysquareImportant points to remember while identifying best accounting Outsourcing company2021-03-1210 minPaysquare Consultancy Ltd.Statutory Compliance Audit: Here’s What You Need to KnowStatutory compliance means following the rules and regulations laid out by the government for the payroll processing of India. For example, TDS regulation.2021-03-1208 minPaysquare Consultancy Ltd.Payroll Outsourcing: Here’s a Great Way to Save MoneyPayroll outsourcing can save you a lot of money.
Payroll outsourcing can reduce your hassle.
Payroll outsourcing can save your time.
Payroll outsourcing can make payroll calculations easier.
If you have heard any of this at least once and you are wondering what it actually means, you are in the right article.2021-03-1208 minPaysquareTrends in 2020 For HR payroll outsourcing companies in India2021-03-0410 minPaysquare Consultancy Ltd.What are the Payroll Policy and ProceduresAn organization needs an established payroll policy and procedures to run the payroll department smoothly and ensure employees of accurate and timely payment of salaries and wages. Thus it plays a huge role in maintaining employee morale and business financial stability.2021-03-0415 minPaysquare Consultancy Ltd.Highlights of the Temp Staffing industryFor any industry in many cases the temporary staff becomes inevitable. It is the support staff that is not considered as a permanent member of the system yet he plays an important and active role. In the market of jobs and employment, one can find several service providers who offer impressive services in this segment as well.2021-03-0412 minPaysquareHow Payroll and Compliance is Carried Out in the Advertising Industry2021-02-2804 minPaysquare Consultancy Ltd.Year-End accounting and Bookkeeping Checklist for the Small Business OwnersIt’s hard to believe that we are almost at the end of the year? Time flies.
You all might be busy planning your holidays, travels and wrapping up the things.
If you own a small business then this is the most daunting time for you. You might be busy in completing many things.2021-02-2808 minPaysquare Consultancy Ltd.Payroll Reporting Structure Required For Your BusinessPayroll related mistakes can happen faster than one can think. For the moment, think about the employees for whom the monthly salary is the primary source of income. Imagine, if the salary is not paid accurately or there is a delay in releasing salary. Such irregularities in a Payroll report can take a toll on the morale of the employees and ultimately affect business productivity.2021-02-2811 minPaysquareEvery employee needs to know about employee wages act2021-02-1811 minPaysquare Consultancy Ltd.How Temp staffing work with Payroll Coordinator/Payroll Administrator?Today’s changing business environment warrants innovative solutions for meeting staffing requirements. Payroll service providers offer resource management Services (Temporary staffing services), where the Payroll admins can help clients place their employees on the payroll.2021-02-1811 minPaysquare Consultancy Ltd.Top 10 ways to save time and money on accounting and bookkeeping services for your businessWhen it comes to running a business profitably, you really need to focus on the expenses that can be avoided. Companies look for different methods of cost-cutting, mainly to maximize their profits. It is the reason why a lot of companies nowadays are looking to reduce the costs related to accounting and bookkeeping.2021-02-1811 minPaysquareCommon Myths About Outsourced accounting and Bookkeeping Services2021-02-1310 minPaysquareHealthcare Sector What, Why, and Solution of Payroll Issues2021-02-1303 minPaysquare Consultancy Ltd.How to Choose Your Right Payroll VendorPayroll involves complex calculation and managing payroll is the most challenging task for your business. If you want to manage payroll in your organization smoothly, you need to have payroll expertise or consultant.2021-02-1210 minPaysquare Consultancy Ltd.How to Secure Your Payroll Against Cybercrime?Payroll can be considered as one of the most vital aspects of any organization. The salary of employees, as well as the payment to the different vendors, are processed from the payroll system, and that is why one has to be highly alert while accessing the system.2021-02-1209 minPaysquare Consultancy Ltd.Why outsourced payroll decision makes sense in Jan-Feb-MarchEvery company has to run an organized and efficient payroll system for the employees. It is essential to make the payroll system error-free and consistent so the payments can be made on the actual target date every month. Understandably, automation of the payroll system, building technologies, and a team that can understand and implement these changes is not an easy task for any company.2021-02-0608 minPaysquare Consultancy Ltd.How to Choose Your Right Payroll VendorPayroll involves complex calculation and managing payroll is the most challenging task for your business. If you want to manage payroll in your organization smoothly, you need to have payroll expertise or consultant. In the absence of them, payroll can be an expensive headache for you because businesses can’t afford payroll mistakes. A small error in payroll will cause hefty fines, and make your employees unhappy.2021-02-0608 minPaysquareWhy Are Payroll Services Important for Construction Industry2021-01-3003 minPaysquare Consultancy Ltd.Why Your Small Business Needs a Payroll ServiceManaging payroll in-house is an overhead for small businesses.
Because hiring expertise for payroll administration is not affordable for a small business owner. On the contrary inefficient payroll management heavily impacts the bottom line.2021-01-3008 minPaysquare Consultancy Ltd.A Payroll Outsourcing Guide for 2020Payroll is a sensitive and critical business activity, which requires accuracy and trust.
What is the most important factor you look for while outsourcing payroll?
Obviously, smooth running and accurate payroll processing is very important for you2021-01-3008 minPaysquareIT Industry and Its Payroll Structure2021-01-2204 minPaysquare Consultancy Ltd.How to Find the Right HR and Payroll outsourcing Solutions?When you are looking for HR and payroll solution, asking the right questions will make a notable impact on your choice. Choosing the right solution will result in the smoother implementation of the system that will ensure a faster return on the investment you are making.2021-01-2210 minPaysquare Consultancy Ltd.Best Practices For Your Employee Salary ManagementFor the larger organization, the payroll and employee salary management hold different significance. The number of employees is there, the chances of mistakes happening in payroll are higher. Though the HR team of every company strives hard to leave no error, it is a rare possibility of having no mistake unless the use of the software is there.2021-01-2210 minPaysquareWhy Outsourcing Payroll Is the Best Choice Everything You Need to Know2021-01-1511 minPaysquare Consultancy Ltd.Insights on Outsourced vs. In-House Leave and Attendance ManagementLeave and attendance management is not an easy job for HR managers.
It’s a tricky and challenging task.
Staying up to date with leave laws’, keeping track of who is out, when they are off, and how long they will be gone is extremely difficult to handle. Continue reading...2021-01-1508 minPaysquare Consultancy Ltd.Income Tax Return (ITR): Guide to filing your ITRFiling your tax return is just around the corner, and for the majority of us, we have no idea how to do the same. If you are looking for a proper guide to filing your ITR, this is just the right article for you. Continue reading...2021-01-1508 minPaysquareShould SMEs outsource their Payroll to a Third Party payroll Agency2021-01-0612 minPaysquare Consultancy Ltd.Enabling virtually connected workplaces amidst the COVID-19 lockdownWhen you are faced with a challenge, the truly strong and committed leaders come up with innovative solutions to ensure that business can continue supporting its clients. Continues reading...2021-01-0501 minPaysquare Consultancy Ltd.Payroll and it’s major components that bridge the gap of salary structureCan you run a business without people?
No, it’s not possible
Irrespective of the type or size of your business...people matter.
Businesses need people’s involvement. You can’t avoid them as they play a critical part in growing your business.
As a business owner, you need to pay all those people who are involved in your business. Continues reading...2021-01-0501 minPaysquare Consultancy Ltd.Why A/B Testing is Necessary for Email Campaign?Email campaigns are great when you need to retain customers, gain repeat business, and attract new customers. We all have a preset standard, wherein we try to retain old customers, offer them choices, and regain their trust. You know there are a set of people who want information or services from you, so you are more likely to make extra efforts in retaining these customers at any cost. Isn't it? Continue reading...2020-12-3106 minPaysquare Consultancy Ltd.The Importance and Benefits of Email MarketingThink about it, the internet is spreading at an exponential rate. It is only a matter of time the entire world would be connected by the power of the internet.
There's no doubt in the fact that considering the importance of the internet, a lot of our marketing efforts are being conducted digitally. This method of marketing now seems more natural than TV or radio advertisement. If we can't find anything on the internet, it is highly unlikely for us to purchase it. Isn't it? Continue reading...2020-12-3106 minPaysquare Consultancy Ltd.Top 25 Basic Accounting Terms All Business Owners Should KnowWhat is accounting?
The first thought that comes to our mind when we think about Accounting, is that it is a type of documentation that is primarily related to monetary transactions. Accounting services include communication of all financial and non-financial particulars about companies for both small businesses as well as large businesses. Accounting can be categorized into various parts such as financial and management accounting, tax auditing, external auditing, etc. Continue reading...2020-12-2709 minPaysquare Consultancy Ltd.Handling Leave Management with FinesseLeaves are common for those who work in any organization. As per the laws, there are certain leaves which one can get as a part of his full employment terms. However, in many cases, people have to go for extra leaves, and hence the companies need to have right leave management in a way that can prove beneficial to the employees as well as the business. Usually, in the case of small organizations, it may not be of grave concern as one can easily remember the dates and number of leaves an employee may have taken, but for the...2020-12-2709 minPaysquare Consultancy Ltd.Benefits of labour laws for your organizationFor every organization, the need for people is inevitable as multiple operations need various people to handle them. For this reason, only it needs people, trains them, and deploy to the job that can help the organization to carry out the deals rightly and help the employees to have a livelihood. Modern states are welfare states, and hence they have various policies for industries also where they focus on employee benefits. Labor law can be termed as the best example of the same. This law is created to offer benefits to laborers in a way that can help them...2020-12-1209 minPaysquare Consultancy Ltd.Updated Checklist for Statutory Compliance 2020While compliance is a normal term that indicates adherence to rules and laws, statutory compliance is particularly related to the adherence of labour and HR-related rules and laws.
Every organization needs to follow some government set guidelines and laws which are related to taxes, employees, and payments. These guidelines and laws fall under statutory compliance. When an organization fails to maintain statutory compliance, penalties and fines are imposed by various authorized bodies. This is why obeying statutory compliance in India is important. Continue reading...2020-12-1208 minPaysquare Consultancy Ltd.Why temporary staffing is the future in 2020Temporary Staffing: Is It the Future
As COVID-19 is disrupting the world, – every market, every industry, and everything else that we can think of – the world is turning to freelancers or temp staffing. The situation is the same with businesses because temp staff offers more flexibility and cost-effective functioning.
Looking at the current situations, it is likely that the culture of temporary staffing in India will only grow. Hence, to help you adopt the increasing demands of temp staff in India, we have explained everything you need to know. Dive in and...2020-12-0200 minPaysquare Consultancy Ltd.Handling Leave Management with FinesseLeaves are common for those who work in any organization. As per the laws, there are certain leaves which one can get as a part of his full employment terms. However, in many cases, people have to go for extra leaves, and hence the companies need to have right leave management in a way that can prove beneficial to the employees as well as the business. Usually, in the case of small organizations, it may not be of grave concern as one can easily remember the dates and number of leaves an...2020-12-0200 minPaysquare Consultancy Ltd.Why temporary staffing is the future in 2020While compliance is a normal term that indicates adherence to rules and laws, statutory compliance is particularly related to the adherence of labour and HR-related rules and laws.
Every organization needs to follow some government set guidelines and laws which are related to taxes, employees, and payments. These guidelines and laws fall under statutory compliance. When an organization fails to maintain statutory compliance, penalties and fines are imposed by various authorized bodies. This is why obeying statutory compliance in India is important. Continue reading...2020-11-2400 minPaysquare Consultancy Ltd.Updated Checklist for Statutory Compliance 2020While compliance is a normal term that indicates adherence to rules and laws, statutory compliance is particularly related to the adherence of labour and HR-related rules and laws.
Every organization needs to follow some government set guidelines and laws which are related to taxes, employees, and payments. These guidelines and laws fall under statutory compliance. When an organization fails to maintain statutory compliance, penalties and fines are imposed by various authorized bodies. This is why obeying statutory compliance in India is important. Continue reading...2020-11-2400 minPaysquare Consultancy Ltd.Outsourcing accounting service provider for your businessBusinesses need regular and accurate accounting but handling the accounting activities needs an expert resource. Hiring an experienced resource for account management is expensive. This is not worthy as resources are not in constant use. That’s where outsourcing accounting service providers come in which reduces the dependency on people and free up valuable time to focus on core functions for the growth of a business.
Technology has also evolved more and eases the account handling task. Sharing the data and documents becomes easy in a safe and secure mode. Online accounting outsourcing service keeps organization secrecy an...2020-11-2000 minPaysquare Consultancy Ltd.Why Leave Management Is the Important to a Better employer Experience?It does not matter how much your employees love working with you, sooner or later they will need a vacation to clear up their head and spend some quality time with family and friends. It is good for both employees and the company that everyone in the office takes leave once in a while. However, in any case, vacation or a sick day leave, the work in the office is going to get complicated in the absence of the employee.
There are certain responsibilities that only specific employees can cater to and fill up the void; you...2020-11-2000 minPaysquare Consultancy Ltd.Outsourcing Accounting: Why Do You Need It?Accounting is a key process that helps in keeping a track of the finances of the organization. These financial accounting processes offer valuable information that can be utilized to make essential business decisions.
Therefore, accounting activities hold great importance in the functioning of every business.
Although many organizations prefer hiring an in-house expert for accounting, several opt outsourcing accounting. Delegating multiple accounting activities outside business has multiple benefits over in-house accounting, especially for small businesses. Let’s explore how outsourcing accounting services for small businesses can benefit you. Read more...2020-08-2509 minPaysquare Consultancy Ltd.5 Common problems that HR face in Payroll ManagementManaging payroll is one of the most complex and important procedures that an organization has to follow. Even a small error could cost expensive damages hence you must be aware of problems occurring in payroll management.
If you are managing payroll in-house and thinking that by increasing people you would be able to handle the process well. That’s not possible. The best option would be to look for payroll management services in India.
Let’s first see the problems faced by HR in payroll management and how to tackle these problems. read more...2020-08-2510 minPaysquare Consultancy Ltd.Here Are the Payroll Issues that Pharmaceutical Companies FaceLet’s be honest, the pharmaceutical industry is under immense pressure to perform better. This single industry is always on its toes to invent new solutions, offer extraordinary service, and achieve all this within time.
In between all this, do you think there’s time left for payroll and HR?
Undoubtedly, payroll processes are somewhere lost in other important activities. As a result, often employees are misguided, retention rates reduce, and employee satisfaction trajectory reveals a horrible picture. Continue reading...2020-08-1804 minPaysquare Consultancy Ltd.Guide for minimum wages in IndiaAfter independence, India has passed the minimum wages act in 1948 for fixing minimum wages but till today a major section of the workforce is still outside the purview of the minimum wage act.
As per the survey, the national mandatory minimum wage is the requirement to improve the relevance of minimum wages in India. Read more...2020-08-1813 minPaysquare Consultancy Ltd.Web based leave management system for your businessManual leave management is a daunting task for HR.
Because it consumes a significant amount of time in leave management, and a small mistake can cause disasters like resource crunch, payroll processing errors, and legal complications. Which may further lead to many problems?
How HR can handle these prominent leave management problems?
A web-based leave management system is a perfect solution for HR to handle leave requests. Continue reading...2020-08-1013 minPaysquare Consultancy Ltd.Education Industry and Payroll: What’s the Situation?It is not easy being a tutor. These professors, tutors, and other support staff bravely take up the task of educating the future workforce of the country. The least they can expect from the education administrator is to dispatch and process payroll and benefits on time.
But, is this payroll task that easy?
Rarely! Continue reading...2020-08-1004 minPaysquare Consultancy Ltd.Important points to remember while identifying best accounting Outsourcing companyManaging every operational function in-house is not essential. As long as you are able to balance the quantity with quality, managing everything in-house has no issue but when you start losing the efficiency and productivity then the best option is to outsource some of the services. Outsourcing accounting to accounting outsourcing service providers is no special but the real challenge is deciding about the accounting outsourcing firm. Read more...2020-08-0310 minPaysquare Consultancy Ltd.Trends in 2020 For HR payroll outsourcing companies in IndiaIn recent times, major paradigm shifts have led to significant advances in the world of HR Payroll Outsourcing. With technology backed solutions taking center stage, organizations are no longer blocking their resources in hiring, training, and maintaining accountants or payroll officers. Rather, they are choosing HR Payroll Outsourcing and administrative tasks to third-party payroll professionals and administrative businesses outsourcing companies.2020-08-0310 minPaysquare Consultancy Ltd.How Payroll and Compliance is Carried Out in the Advertising IndustryWhat connects consumers and manufacturers? It is the advertising industry. It contains an array of companies that deal with marketing, public relations, and media services. Each service is delivered through a team of talented advertising experts.
Keeping this team happy means holding the workflow steady. However, is the payroll and compliance management for the advertising industry looking after the needs of employees?
Let’s find out.2020-08-0304 minPaysquare Consultancy Ltd.Every employee needs to know about employee wages actFor any business which has a certain number of people working for it, it is necessary to follow the provisions of Employee wages act where minimum amount is to be paid to the employees for their work in terms of hours or days. The minimum wages are declared by the government keeping certain factors in the account, and the businesses need to follow the same. For every company or business, it is an important act that must not be ignored. The employee wages act is mandatory to be followed by every business irrespective of its type of work or...2020-08-0311 minPaysquare Consultancy Ltd.Healthcare Sector: What, Why, and Solution of Payroll IssuesThe healthcare industry is growing and progressing as we speak. It is no surprise looking at the fact that the work of this industry impacts us all, quite literally. Hence, this is one of the most important sectors. However, the sector, unfortunately, faces multiple payroll challenges.
When moving from one milestone to another, healthcare providers always leave the human resources department behind. As a result, the legacy systems engulf payroll efficiency and limit access to the self-service portal.
So, in this article, we will discuss the payroll challenges in the healthcare sector along with...2020-07-2303 minPaysquare Consultancy Ltd.Common Myths About Outsourced accounting and Bookkeeping ServicesDo you know?
Outsourced accounting service is the best option for small businesses.
Many people didn’t agree with it. They have certain misbeliefs or misconceptions about outsourcing. Due to this people find a bit reluctant to outsource their accounting.
The best thing is to address the myths about outsourced accounting and bookkeeping services and clear their understanding.
That’s what this post is about. We have highlighted the common myths about outsourced accounting and bookkeeping services and how your business can benefit using this service.
Here are the comm...2020-07-2310 minPaysquare Consultancy Ltd.Why Are Payroll Services Important for Construction Industry?The construction industry is unique. With a widespread workforce and an ample compensation structure, this industry requires proper payroll structure. Sadly, the actual situation is far from perfect. Although the construction industry has multiple employment rules and work classifications, payroll management is weak.
In this article, we will discuss how payroll solutions for the construction industry can help in mitigating risks and errors, which can help in creating a robust and valuable payroll structure in the construction industry. Let’s see how this can be achieved.
Reasons Why You Need Payroll Services for The Construction In...2020-07-1603 minPaysquare Consultancy Ltd.IT Industry and Its Payroll StructureThe information technology-enabled services and information technology sectors are two major industries in India. Over the years, these two sectors have traveled a long way and helped shape the world we live in. However, in order to cope with the emerging demands of the industry, the HR teams always struggle to find a balance.
In this article, we have discussed the methods to create that balance by mitigating the following challenges.
Payroll Challenges in IT Industry
If you are in the IT industry and you are finding it hard to cope with the...2020-07-1604 minPaysquare Consultancy Ltd.Why Outsourcing Payroll Is the Best Choice? Everything You Need to KnowA straightforward diagnosis of the current situation is that we are living the biggest and the worst global crises. No business, industry, and individual have experienced a similar pandemic situation and its economic impact in the past. The national borders are sealed, businesses are still struggling to make ends meet, and work from home has become the new normal. Continues read... Why Outsourcing Payroll2020-07-0311 minPaysquare Consultancy Ltd.Should SMEs outsource their Payroll to a Third Party payroll Agency?The payroll management system is a crucial component for every enterprise irrespective of its size. There is a saying that “you have to keep your soldiers happy in a war.” In today’s time, there is so much competition in every sector that the workplace feels no less than a warzone. To keep the soldiers, in this case, the employees, happy and content, it is essential for the HR managers to make sure that they get salaries, bonuses, etc. on time. Continue reading...2020-07-0312 min