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Payroll Service & HR Solutions for MNCs in India by PaySquare

MNCs operating in India often have to struggle with the challenge of exhibiting compliance with<br>various payroll related statutes and HR guidelines. Instead of trying to do it on one’s own,<br>outsourcing payroll service and HR solutions to a strategic partner like Paysquare is more<br>practical.

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Payroll Service & HR Solutions for MNCs in India by PaySquare

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  1. Payroll Service HR Solutions for MNCs in India by Paysquare Payroll Service & HR Solutions for MNCs in India by PaySquare MNCs operating in India often have to struggle with the challenge of exhibiting compliance with various payroll related statutes and HR guidelines. Instead of trying to do it on one’s own, outsourcing ​payroll service​​ and HR solutions to a strategic partner like Paysquare is more practical. The company has set numerous benchmarks of excellence in payroll and HR solutions and can prove to be an ideal ally for any MNC. Payroll Solutions By Paysquare Conventionally, employee payroll management has been a tedious and hierarchical task. ‘myPayroll’ portal by Paysquare proves to be a game-changer with its feature lists. Salient features of the portal include: · Web and mobile-based platform with an intuitive interface for self-service · Seamless employee communication on payroll issues across all echelons · Easy tracking of leave, tax details and emoluments by employees www.paysquare.com

  2. · HR Manager can meticulously manage employee deployment · 24X7 availability due to hosting on dedicated servers · Role-based access and data encryption for heightened security Leave Management Services Another smart solution by Paysquare pertains to employee leave management. The comprehensive system eliminates the tedium associated with managing leave manually which empowers HR to take more informed decisions. Stellar features of the service include: · Employee self-service portal · Leave and compensatory off application as well as encashment facilitated after online login · Status of leave availability displayed in real time · Notification received by the concerned manager through email · Leave information updated instantly after approval and shared with HR personnel · Swift implementation of organization-wide changes related to payroll · Consolidated reports can be generated with a click · Overtime can be captured online · Manual intervention eliminated through an automatic configuration of workflows · Can be interfaced with attendance recording and biometric systems for data capturing and payroll processing · Annual and monthly reports generated with insights into employees’ attendance history with a click HR Solutions for MNCs in India by Paysquare​​ offer a host of advantages that you won’t avail of elsewhere. Statutory Compliance Service The statutory compliance services offered by Paysquare keeps your organizational HR Managers aware of the contemporary changes in governmental policies regarding Employee Provident Fund, Professional Tax, Labor Welfare Schemes, ESIC and other applicable statutory deductions. You can steer clear of any legal hassles with Paysquare’s dedicated legal compliance management team. It minimizes punitive risks of non-compliance by informing your HR about latest updates and managing needful incorporation or alterations alongside your in-house team. Salient features of the service are: · Registering your MNC with EPF, ESIC, Labor Welfare, and other statutory bodies · Preparing statutory reports, required challans, and monthly, semi-annual and annual returns for filing · Liaising with statutory bodies · Preparing professional tax reports based on the state’s rules where your MNC operates · Calculating and deduction statutory dues · Comprehensively maintaining employees’ data to facilitate UAN updating, nominee transfers, PF and pension withdrawals, registration etc. · Securing investment declarations from all employees for updating payroll systems www.paysquare.com

  3. · Tax computation for individual employees based on validated investment declarations and actual investment proofs · Preparing annual and quarterly eTDS returns for submission to NSDL · Issuing Form 16 to all employees What Advantages Are Offered by Paysquare’s ​​Payroll Service​​? By allying with Paysquare, your MNC can remain immune to all legal hassles and can efficiently manage HR related issues. Key benefits your organization stands to reap with Paysquare are: · Cost savings from the perspectives of eliminating tenured payroll processing positions, investments in technology upgrades and infrastructural expenses · No penal amount needs to be shelled out for errors and missed compliances · Access to state of the art payroll services with cutting-edge features · Instant updates on complex governmental rules and employee benefit calculations · Comprehensive, collated and insightful reports available at a single click · Support from experts in payroll processing · Heightened security of classified and sensitive information Paysquare definitely can bail your organization out of all HR related issues you may be experiencing. It is a company which deserves your outsourcing trust and can efficiently live up to your expectations. www.paysquare.com

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