Payroll Outsourcing Services
Payroll Management is an integral function of the HR Department, however, the intricacies involved in payroll processing require not only core HR expertise but also requires a blend of Tax expertise and technology platform to ensure confidentiality, data security, timely delivery, and accurate payroll services & reporting.
Spectra payroll solutions aim to provide seamless payroll services, unparalleled value propositions, ease in payroll operations, and minimum human intervention. Spectra payroll outsourcing services constantly strive for 100% customer delight and employee-friendly interphase (ESS) with help of technology and by offering personalized payroll services and customizable payroll reporting.
Spectra provides centralized payroll outsourcing services to Indian and MNC Corporates on a PAN India basis and ensures payroll compliances under Income Tax, Professional Tax, Provident Fund (EPF), ESI, Labour Welfare Funds, etc. Spectra robust Salary process first ensures the correctness of input data through prefixed “input validation process” followed by “output payroll validation process” to deliver error-free payroll and timely salary disbursement and to conclude post payroll compliance and reporting in a time-bound manner.
Spectra also provides a comprehensive Human Resource Management Solution popularly as HRMS / HRIS covering the complete Employee life cycle right from hire to retire. Spectra HRMS / HRIS Platform abetted the organizations to transform the HR processes from a man driven to the tech-driven process by automating the entire employee life cycle right from Recruitment, Leave & Attendance, Offer Letter & Appointment generation, onboarding, employee documents management, payroll process, KRA’s, performance management (PMS) and exit interview, etc.
Spectra varied industry experience in payroll services coupled with a highly skilled payroll team and the ability to leverage technology enable us to help the HR Team to focus on core HR Activities and to leave all payroll worries to us.
Spectra payroll outsourcing services offer:
- Employee Friendly Interphase (ESS) to access self-data anytime anywhere
- Query solution session through dedicated support via automated e-tickets
- Play & Plan your salary TDS without impacting real payroll
- Online submission of tax declaration and other documents
- Timely and error-free payroll services and PAN India services
- Real-time secured authentication to HR to access Payroll data and reports
- SLA driven approach and customizable reporting
- Integration with any HR and Finance Local / Global platform
Spectra provides a software licensing and delivery model is popularly known as software as service (SAAS) in which software is licensed on a subscription basis and hosted on the cloud. Where a company is not interested in off-site payroll outsourcing for any internal reasons may opt for software as a service “SAAS model” and manage the payroll on its own by leveraging the same technology and the same set of processes that are otherwise available in offsite payroll outsourcing. Spectra’s “SAAS” solution provides 100% data security, data accuracy, and 24×7 access to the company and its employees through internet protocol.
Spectra provides a comprehensive Human Resource Management Solution popularly as HRMS / HRIS covering the complete Employee life cycle right from hire to retire. Spectra HRMS / HRIS Platform abetted the organizations to transform the HR processes from a man driven to the tech-driven process by automating the entire employee life cycle right from Recruitment, Leave & Attendance, Offer Letter & Appointment generation, onboarding, employee documents management, payroll process, KRA’s, performance management (PMS) and exit interview, etc.
Spectra collaborated and futurist approach sensed the need and power of information technology in the very early years when companies started thinking on the line of process automation by leveraging technology. Spectra timely collaborated its functional & process expertise with the technology through an IT Partner (Minerva Technology) to cater upcoming demand of the industry for evolving technologies.
Spectra’s robust implementation process makes us different from others. Our function and tech experts work closely with HR internal team for Go Live.
HRMS- Implementation Process
Spectra functional and process expertise, and technology blends strengthen our commitment to delivering complete HRIS / HRMS solutions at a low cost and minimum time frame. Our functional and tech teamwork with the HR team to transform the HR transactional operations into a seamless process and thereby helping HR to focus on core HR activities.
Ques: What do payroll services do?
Organizations prefer to hire payroll outsourcing services providers because they perform payroll tasks on time, accurately, and with up-to-date data.
Ques: Do I need payroll services?
Ques: What are the pros cons of using a payroll outsourcing service provider?
Ans: When there are pros, there are cons as well. Today, we are here to discuss the pros and cons of using a payroll service provider.
Pros of payroll outsourcing services are:
- Accurate & on-time work
- Saving your time
- Expert knowledge
- Regular audits
- Keeping clients up-to-date with the latest payroll changes
- Statutory payments & compliance
- Access to payroll software
Cons of payroll outsourcing services are:
- Regular coordination with the payroll services provider’s team
- Provide all the information & data and give enough time to the provider’s team for timely completion of payroll tasks.
Ques: How payroll outsourcing services helps small business?
Ans: There are many reasons how payroll outsourcing services help small businesses, such as accurately handled payroll management, improved ROI, proper analyzing & auditing, professionals work (allows you to save time and resources), risks elimination, etc.