How To Choose The Best Payroll Outsourcing Agency – Answers By PMRY Consultants for Small Businesses

Unlike large established companies who have endless corporate resources to pull from, SME owners are mostly on their own. They make the choices…they do the work, and it is up to them to make the most of what they have to work with, which is exactly why they would benefit from the opportunity to outsource their PAYROLL to another company.

Do you need payroll processing partner?

A lot goes into getting your employees get paid. It is not just about keeping track of their hours and cutting a few paychecks. For SME who aren’t well-versed in payroll processing can be downright overwhelming.  There are various tasks that come under PAYROLL PROCESSING such as:

• Filing quarterly reports
• Managing employee’s  health and pension plan contribution
• With-holding employee taxes
• Making summary filings
• Tax issues related to payroll matters
• Statutory compliance in relation to payroll services

If you are ready to take the leap and choose PAYROLL OUTSOURCING services, we will help you make the right choice.  Use the questionnaire below that provides you with the information from our valued Payroll vendor for free:

When we spoke to Mr. T Uttam Patel of PMRY Consultants P Ltd. about PAYROLL PROCESSING services, he said there isn’t a one size fit solutions. The type of the payroll services that works best for each company depends on the requirements of the business.

Here are some of the significant answers that SME would find it helpful when opting for PAYROLL OUTSOURCING services.

How much does Payroll outsourcing cost?

It depends on deliverable the clients outsource to us. There are various Stakeholders for whom the payroll is run for e.g. Employer, Employee, State Govt. Income Tax department, Employee State Insurance, Employee PF etc. All of them want their Share of Revenue without litigation.

Normally if all the stakeholders are to deliver by one agency it will cost max about INR 150 per employee per month Plus Service Tax subject to min fee of INR 10,000 per month.

Should you keep your payroll In-house or Outsource It?

As mentioned there are various stake holders and the deliverable for all the stake holders vary in the form or format and due dates. Over a period of time most of the stakeholders have moved ONLINE PAYROLL and expect the company to upload the data/Report to their portal. The companies who want to host the payroll in house needs to develop all these expertise on house, which can be done if no of employee are substantial. Our assessment after working for more than 10 years is that company having more than 400-500 no. employees it becomes viable to host payroll in-house.

However there are other factors such as secrecy, accessibility to employee online (portal) etc. also influences the decision.

Does payroll outsourcing protect my employee data?

When you outsource payroll to PAYROLL PROCESSING companies, they give you payroll solutions based on the best practices in the field. This knowledge is something that is almost impossible for you to replicate if you are a small business owner or haven’t been in the trade for decades, or don’t have a humongous budget to research and employ the best and the most useful payroll tactics in the industry.

How to choose the right payroll outsourcing partner?

These are some of the factors to be considered for choosing PAYROLL COMPANY

1) Domain Knowledge

2) Technology adoption

3) Knowledge of Taxation system in India

4) Relationship / front ending with employees

5) Last mile connection with Govt. Department

6) Call center for employees

 When you outsource payroll to PAYROLL PROCESSING companies, they give you payroll solutions based on the best practices in the field. This knowledge is something that is almost impossible for you to replicate if you are a small business owner or haven’t been in the trade for decades, or don’t have a humongous budget to research and employ the best and the most useful payroll tactics in the industry.

About PMRY Consultants   

PMRY Consultants is a leading PAYROLL PROCESSING service providers in India.  The company delivers the services in Hyderabad and Pune that is tailored to your exact needs. It aims to provide comprehensive, efficient and timely PAYROLL MANAGEMENT that combines the latest technology, years of experience and commitment to serve the best.

T Uttam Patel holds degree in Commerce from University of Jabalpur, Master’s degree from the University of Pune and is a qualified Chartered Accountant. He has rendered consultancy services to various domestic and multinational corporations having their subsidiaries and branch offices in India.

To contact PMRY Consutlants, write to us on request@smejoinup.com