What is Payroll Outsourcing?
Payroll Outsourcing means engaging an external payroll service provider to handle all payroll and compliance-related activities as per requirements of an organization. Payroll outsourcing includes managing employee salaries, managing tax and compliances, integrations with existing systems to fetch relevant payroll data, leave and attendance, payroll reports and much more.
Payroll management in India can be a time-consuming, complex, and tedious task therefore a lot of organizations in India, look out for Payroll outsourcing vendors to manage end to end payroll for them. Hiring an external firm to handle payroll allows organizations to do away with hiring a training an in-house payroll team, which would also require frequent technology and compliance incorporations in the system. Payroll Outsourcing helps in reducing complexity, handling compliance, and government norms and is very reliable and flexible.
