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Payroll management

UCOI provides consultancy services in the following fields.

 Payroll management

 For any organization, it is important that Employees should be managed properly and motivated by providing best remuneration and compensation as per the industry standards. The lucrative compensation will also serve the need for attracting and retaining the best employees.

(UCOI) offers the most Cost effective and strategically effective & efficient solutions on processing of payroll. The whole process is designed to eliminate all regulatory & compliance hassles that an organization faces. Providing value addition continuously is what we do better.

Key Features

  • Supports multi-company organization with hierarchy of employees
  • Creation of organization chart based on direct and indirect reporting
  • Highly configurable and flexible salary structure
  • Define multiple salary structure definitions for different grades
  • Define salary heads as formula, slabs, lump-sum, company lump-sum every month
  • Maintain financial institution details for salary remittances
  • Detailed Employee Master data capturing
  • Compliant with all the statutory requirements of maintaining PF, PT, ESI, LWF, TDS, etc.

Payroll Out sourcing & Management Includes

  • Payroll Processing (monthly salary, overtime, arrears, bonus, incentives, perks & benefit)
  • Leave Management
  • Statutory & IT Regulation
  • Full & Final Settlement of Employees
  • Insurance & Accident Policy Management
  • Master Human Resource Database Management (HRMIS)
  • Generate payroll MIS customized based on department or division
  • Insurance Management (As per company policy)
  • Employee Insurance & Provident fund processing
  • Query Management related to salary
  • Submission of photocopy of all the challans

Reasons to Outsource Payroll Projects:
  • Minimize Risk
  • Leverage your time
  • High Value
  • Avoid Penalties
  • Direct Deposit
  • Tap the Experts
  • Reliability

Comments

  1. Aaaaccounting22 April 2020 at 23:35

    Thanks for sharing nice post of payroll services that really help for every business. Keep sharing one again thanks.
    Payroll Services in Barking

    ReplyDelete

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