Payroll isn’t just about paying your people. And let’s face it, you didn’t get into business to manage paperwork and keep track of payroll legislations.Payroll processing refers to the task of managing the payment of wages by a company to its employees. The steps involved in payroll processing typically include gathering employee time information for a selected time period, managing benefits & deductions, and distributing employee pay for that time period. Most companies use either a payroll software system for payroll, or else a third-party payroll processing service.While the summary of payroll processing sounds quite simple, there are many behind-the-scenes steps that need to take place, before the actual processing work begins. Here’s an overview of the steps to set up a brand new system for payroll processing.
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Payroll Services
HR Outsourcing
SAVIFAST MANAGEMENT takes up the entire HR functions like recruitment, training and development, attendance and leave administration, conduct & discipline rules and regulations, salary and benefits administration, performance management, separation and settlements, statutory compliances etc., on behalf of the client. This helps the organizations to focus on their core business areas and leave the HRM to us.
Compliance Service
Compliance is an ever-changing landscape that requires expert agility to maneuver through. Not to worry, we are the best navigational guides in the industry.Compliance management is the process by which managers, plan, organize, control, and lead activities that ensure compliance with laws and standards.Compliance management is the process which ensures that a set of people are following a given set of rules. The rules are referred to as the compliance standard or compliance benchmark, while the process is what manages their compliance.
Registration and Maintenance
We will be maintaining the registers required as per factories act, Shops & Commercial Establishment act, ESIC act, EPFO act, Bonus act & PT act, Trade Union act, CLR Act & Etc.
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