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Many businesses find themselves having to conduct workplace investigations for many different reasons—from harassment to conduct-related issues. Knowing how to conduct a thorough investigation is key for reducing the amount of liability to which employers expose themselves. In this two-part series, we will explore the best practices for conducting a workplace investigation. In this first […]

The post Workplace Investigations- Part I appeared first on AdvaPay Systems Payroll Services.

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AL AdvaPay Systems by Advapay Tech - 3w ago

Although workplace bullying may be a new concern for some employers, others are all too familiar with its perils. Before we discuss facts of bullying, let’s look at its role in the workplace today. While bullying is not only a company culture issue, it is also a major liability concern for employers. Several states have […]

The post Workplace Bullying appeared first on AdvaPay Systems Payroll Services.

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For many employers, sending employees out into the big, wide world to perform their job duties is an everyday occurrence. However, many employers are not aware of the situational details that may make time compensable or not compensable for non-exempt employees. Employers must consider both state and federal law surrounding travel time pay and then […]

The post Understanding Employer Pay Obligations for Travel Time appeared first on AdvaPay Systems Payroll Services.

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Monday, October 8, 2018 (Columbus Day) is a Federal Banking Holiday. The Federal Reserve will be closed on this day, as well as AdvaPay. If you have a file transmission that falls between the dates of Tuesday, October 2, 2018 through Monday, October 8, 2018 you may need to transmit one day earlier than your […]

The post HOLIDAY NOTICE: Columbus Day appeared first on AdvaPay Systems Payroll Services.

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Monday, September 3, 2018 (Labor Day) is a Federal Banking Holiday. The Federal Reserve will be closed on this day, as well as AdvaPay. If you have a file transmission that falls between the dates of Tuesday, August 28, 2018 through Monday, September 3, 2018 you may need to transmit one day earlier than your […]

The post HOLIDAY NOTICE: Labor Day appeared first on AdvaPay Systems Payroll Services.

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Many organizations dedicate minimal time, if any, to evacuation and workplace safety, unless they are engaged in a high risk industry. The mindset of “it will never happen to me”, or “that could never possibly happen here!” is a common reason for inadequate disaster and evacuation plans. Employees and employers who are convinced that extreme […]

The post Workplace Evacuation Plans: How Prepared is Your Organization appeared first on AdvaPay Systems Payroll Services.

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sumHR as your Payroll Outsourcing Company

sumHR provides affordable Payroll Outsourcing in India. It suits the payroll management needs of businesses across various industries. With our payroll outsourcing, you can be assured of minimum paperwork and maximum result. Payroll Management is a very important process but it’s time-consuming as well. We take the burden of Payroll Management off your shoulders, thanks to our Payroll Outsourcing service. Now you can take care of your two most valuable assets of your business i.e. People & Money with relative ease. 

We make sure that the payroll records are error-free. We understand that you’re always worried about the security of your data. Hence, sumHR maintains the security of the data of the clients with optimum care. Consequently, we maintain a high standard by following efficient procedures to utilize the information as per the legal norms.

We have a deep understanding of payroll management backed by industry experience. Our team consists of numerous industry experts. Therefore we’re up to date to the newly launched regulations of labor and Income Tax law.

Payroll Outsourcing services by sumHR:

1)      sumHR Software – the core offering

2)      Payroll Outsourcing – supported by sumHR verified consultants

3)      Statutory Compliance – supported by sumHR verified consultants (PF/ESI/TDS/PT/Labor Laws)

4)      Tax Proof – Proof checking, Verification – supported by sumHR verified consultants

One time master setup and monthly payroll processing

The sumHR software only requires a one-time master setup. Because once you set up the software as per your needs, you won’t have to set it up again unless you need to make any changes. Besides that, sumHR runs a monthly payroll process as per the clients’ requirements.

Are you interested? Sign up now!

Payroll Outsourcing

In Payroll Outsourcing, the employers hire a third party to handle Payroll Management to save time and other important resources.

Payroll Management isn’t just about paying your employees. No one gets into a business to manage paperwork and keep track of payroll management. Therefore, Payroll Outsourcing helps people focus on the primary objective of their business.

In Payroll Outsourcing the employer hires an external entity who expertise in Payroll Management. Payroll Outsourcing is helpful for employers because it lets them focus on other aspects of the business. Instead of using resources for Payroll Management an employer may use his resources for profit-making.

Payroll Management

 More or less, refers to the process of managing the financial records of a company’s employees. Payroll Management consists of employees details like salaries, incentives, bonuses, deductions, and net pay. An employer must keep these records as directed by the law. If an employer fails to comply with the Income Tax laws related to employee records, the employer can be subject to legal consequences.

Why should you outsource your monthly payroll processing?

There are distinct advantages to argue for either method of processing the payroll of your employees.

Outsourcing payroll processing:

When you outsource your payroll management, you get to-

1)      Concentrate on your core business objective and helps you save time, effort, and resources.

2)      Outsourcing to an expert in the industry helps you be on top of the latest statutory changes.

3)     Payroll Outsourcing helps you reduce costs and risks.

let’s look at what sumHR can do for you – as a business owner, as an HR Manager/Head, as an Accounts Manager/Head, etc.

How does Payroll Outsourcing work?

A Payroll Outsourcing company gathers and processes your employees’ data. The employee data consists of hire date, job title, pay rate. Once the data is processed, the pay due to each employee is calculated. The amount due is then paid off. Either by issuing a cheque or depositing it in the employees’ bank account.

What’s included in Payroll Outsourcing?
  • Running payroll.
  • Issuing payroll checks or depositing payroll amount in the bank accounts of the employees.
  • Calculating payroll taxes, and making tax payments
  • Filing government reports
  • Managing employee benefits
  • Taking care of social security and pension contributions
Payroll Compliance

Payroll compliance matters whether you’re hiring your first employee or your hundredth. Because there’s more to payroll than just paying your staff. It is also linked to tax accounting. Therefore if you don’t comply with the law, you and your business may face legal consequences.

Payroll compliance is also used as a guideline to calculate. As it is also used to calculate the following:-

  • Provident Fund (PF)
  • Employee State Insurance (ESI)
  • Professional Tax (PT)
Make sumHR as your Payroll Outsourcing Business Partner A simple case study:

Customer – Bangalore based

Employee Count 700+
Locations Across India – Major cities.
Requirement HR automation + Payroll outsourcing.
Pain Areas CTC based reimbursements. Dynamic tax calculations based on bonuses and incentives. Tax calculations. Reports.
Earlier Process Used a payroll software + 3rd party payroll outsourcer.
sumHR Solution Software + dedicated Payroll Manager.
sumHR Software Usage Employee Profiles. Leaves. Attendance. Expense Claims. HR Drive. Performance Reviews. HR Analytics. MIS Reports and Streams.
Payroll Manager Activities Verify input data – Leave & attendance. Process new joiners. Update CTC/salary revisions. Bonuses & incentives. Run payroll. Generate salary register. Provide bank statement. Release payslips. Provide tax reports.
Conclusion 1 software + payroll processing = Single point of contact. Dedicated account manager and payroll manager. Smooth and effective salary processing month on month.

If you’d like to get a free 7-day trial of sumHR with a demo, call +91 92222 13195 or visit signup.sumhr.com now!
The sumHR services plan is not just for the ‘larger’ customers but for ALL our customers. If you like this post and the services we offer, please leave your comments below and share with your colleagues and friends.

Note: Prices start from Rs.79/- PEPM for basic payroll processing along with software.

The post Payroll Outsourcing Services by sumHR appeared first on sumHR - Employee Attendance, Leaves and Payroll Management Software..

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