TeamLease has a well established and robust payroll processing system in place that is a combination of the best of software tools,
expert know how, IT infrastructure and a strong payroll team. In response to articulated customer needs and as a logical extension of our
services portfolio, we had introduced Payroll Process Outsourcing services as a standalone offering a few years ago. Designed to manage
payroll of your on-roll employees, our payroll processing services are configured to cater to your specific requirements.
In addition to the core service, we offer you a multi-mode self-service suite comprising of a 12 language call centre,
a web based client portal and a CRM based client interaction and engagement process. This suite puts information in the hands of
line managers, employees and corporate staff and has high and measurable standards for responsiveness and first-time resolution.
Our proprietary system has a number of automated reminders and checklists to ensure that the workflow is timely and accurate. Further
it allows for a complex set up of cost centers, SBU, line manager reporting, geographic zones, etc. to be factored in. Our client portal
and MIS dashboards can also be configured for selective viewing ensuring confidentiality with access.
The TeamLease platform currently handles the payroll of over 1,00,000 associates in over 1000 locations and is designed not just for scale, speed and accuracy but also for confidentially, accommodating client specific needs and complexity.
Payroll processing system is a software which is designed by TeamLease to pay money to its employees on time. It is time-saving and also one of the best methods to pay money. It seems simple but gets complex at each step. More are the number of employees, the more complex it keeps on getting. It includes all the allowances and tax money to be debited from the salary of an employee.
A payroll processing system calculates the exact amount of money to be paid to the employee after doing some calculations such as the extra time performed by the employee, tax deductions, property loss caused by the employee, his or her insurance deduction and many more. More advanced the system is easier it is for the company to pay money to its employees.
Why TeamLease for Payroll processing Services
TeamLease offer payroll services to large and small companies for a fixed amount of price. It can range from a few thousand rupees to a lakh of rupees based on the number of employees and amount of data processing required. The better the payroll processing system the better is the happiness of its employees. TeamLease payroll processing services also rank employees according to their work so that the company can assess the performance and give promotions and demotions to the candidates. It should also acknowledge work experience of an individual and also compare records of the company's last year investment and tell if the company is in profit or loss.
Database Security - TeamLease payroll processing services have a high level of security in its databases. Other companies can get an access to all of the records of the company if the firewall of the company is weak. Moreover, personal projects of the company can also be leaked to the other companies, as it is a competitive world.
Payroll management is the backbone of any company as it boosts the morale of its employees. The more accurate the management of the company, more it grows. Moreover, good management may be required to be present to the income tax office in case of raid on the company. TeamLease as a best payroll management system which includes exact workings of the employee, total number of his family members, his other jobs, his investment and many more pinpoint details. All this information can be required to be presented in case of a legal procedure. It is necessary for a company to submit each employee’s payroll report to the legal court in case of an enquiry.
Advantage of payroll processing System by TeamLease
- Saves time
- Useful in legal procedures
- Easy access to individual records
- Creates employment
HR Payroll Process
Human resource payroll process is the process by which company pays their employees through a set of software. The payroll processing software. It functions in the same way as other payroll software.
Payroll processing in India generally includes deducting income tax returns from an employee’s salary and also deducting insurance money from employee’s salary. It also includes giving allowances to the employee such as house rent, transport, hotel stay, food, and education for its children, insurance of children, medical insurance and many more.
Finding a New Payroll System is not a headache now:
Are you looking for a trusted payroll processing system to manage the payment-related tasks of your employees? Then why wait? Connect to TeamLease and find the best and up-to-date payroll processing information.