Payroll Compliance Services
Streamline your workforce with our comprehensive payroll and labour compliance services, designed to simplify your business operations with HNHACA.
About Payroll and Labour Compliance Services
Payroll plays a crucial role for any organization. Payroll data needs to be handled with a lot of attention & care; any mismanagement here can have serious repercussions. Payroll and other labour compliance may be a tiring procedure for employers/HR. It includes onboarding an employee, employee welfare, regulations and compliance. An updated system is required in handling the procedures that enable smoother employee–employer relations and eliminate non-compliance risks.
Payroll management has several hurdles in the form of higher costs, computational inefficiencies, non-compliance, inaccurate methodologies and safety concerns. We at BCL India provide payroll compliance services which eliminate these limitations with our 35 years of expertise & efficient management and provide error-free payroll processing while delivering the output on time.
Payroll Services Aids You
- In Tax Efficient CTC structuring
- In accurate processing and variance analysis reports
- To stay updated with changes in regulations
- To solve employee queries on Income Tax deduction by an expert
- In elimination of non-compliance risks
Diverse Payroll Services We Offer
We at HNHACA provide
100% payroll compliance services
Data Security and Confidentiality
Information on Amendments/Notifications under various labour legislations across India
Usage of tools like Zoho analytics and Power BI
Helpful insights designed to take critical decision
We Club The Reports And Analytics:
Customized reports in line with your business model
Periodic variance analysis- Budgeting v/s actuals
Decision making metrics like Employee attrition rate, AR/AP cycle, working capital cycle, etc.
Usage of tools like Zoho analytics and Power BI
Helpful insights designed to take critical decision
The Acts That Matter To You The Most
- Erstwhile Labour Acts such as The Payment of Wages Act, 1936, the Minimum Wages Act, 1948, the Payment of Bonus Act, 1965, and the Equal Remuneration Act, 1976 which has now been subsumed into The Code of Wages 2019.
- The Employees Provident Fund and Miscellaneous Provision Act, 1952
- The Payment of Gratuity Act, 1972
- The Employee’s Compensation Act, 1923
- The Employees State Insurance Act, 1948
- The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.
About HR Manuals
The HR manual and employee handbook act as bye-law to the employees. These documents consist of all the details regarding the treatment to be given to the employees in the organization and help the employees in recognizing the culture of the organization. The HR policies and procedures manual is compiled first and after that, the employee handbook is prepared in conjunction with the prevailing policies and procedures as per the former document.
Payroll companies help to draft and compile the HR Manual and Employee Handbook that communicates company policies, sets expectation and reduces potential liabilities.
A well-furnished HR Manual helps employees by providing a complete understanding of rights and also supports employers with clarity of legal obligations. Customization of the HR Manual is done with the required sections and amendments in the existing handbook.
About Employment Agreement
An employment contract is a contract between the employer and the employee defining the terms and conditions of employment and acts as the sole legal document between them which lays out the rights, duties and obligations of both parties during the employment period. An Employment Agreement is a crucial document in managing employees as it lays down the rights and obligations of both the employer and the employee.
Payroll companies support you in the preparation of any type of employment contract, whether it is for your employees, contracts with freelancers or individual employment contracts for managers, management board members or executives. Our customized agreements include legally mandated requirements such as terms, positions, duties, time, place, compensation, reimbursement, holidays, leaves, termination, disclosures and solicitations.
3 Things to Know When Looking For Payroll & Labor Compliance Services in Bangalore
Penalties
It is difficult for companies to be updated about the payroll system since it can create a deviation from their core business process. Payroll outsourcing companies have the latest update and they work on these updates so there are no chances of penalties from the Government.
Digitization
Working on legacy infrastructure increases time consumption, delays disbursal, and enables errors. For a faster and more reliable workflow advanced software and platforms are required. We at BCL India are software agnostic and can use any payroll software that management is comfortable with.
Flexible Service Offering
Payroll management requires flexible services at the highest level as the regulations differ among organizations based on the size, nature of business and region the organization is located in. Hence, customized and curated service is mandatory in payroll services.