Whether it is the low end work like data entry or high end like research and engineering, almost every kind of work is done by Indian professionals. Indian talent is well known for its technical competence. Countries like Germany, France, Italy, USA, UK, Spain, Russia and many others get their technical work handled by Indian staff at lower cost. Due to lower living cost in India, an International company is able to save huge cost by hiring Indian talent.
For International companies, recruiting and managing Indian talent is a complex process as legal compliances; government laws are different for every country. Also small scale organizations don’t have access to skilled professionals. If you are looking to streamline your business or enhance business growth, outsourcing to best payroll agencies in India can be the absolutely perfect solution for you.
According to recent stats by the National Association of Software & Service Companies (NASSCOM), more than 50% of some of the biggest international companies prefer Indian firms for outsourcing their business processes. Over the years, there have been several emerging nations in the sphere of outsourcing business such as China, UK, US, Ireland, France, Germany, and Italy.
Below are the few reasons, due to which international companies prefer to outsource their work with some of the reputed Indian payroll companies:
Cost reduction:
Managing payroll by in-house HR team require your company hire experienced professionals to do payroll processing activities. You may also have to purchase expensive payroll software and software updates when required. On the other hand, payroll consultant charges an appropriate amount for payroll services. This is much more cost-effective than managing payroll by in-house payroll team and software.
Easy communication:
Outsourcing Indian talent has become more in demand due to its easy communication between companies or professionals from different countries. Effective communication is essential for better execution of business strategies and plans.
Better risk management:
By outsourcing staff from some reputed payroll outsourcing services in India, you can reduce risk involved in having the task done by in-house HR team as your in-house human resource team may not be updated with the latest government laws, legal obligations, and statutory compliances. A right payroll outsourcing company in India will be aware of all such things and will take care of all.
Extended reach to skilled candidates:
One of the main reasons to outsource your staff is getting access to right candidate at the right time. To allow you to focus on your core business, you need to hire professionals who can perform their task without any hassle. By outsourcing Indian talent, you will get skilled professional at the right time.
No tax, Insurance, employee benefits or legal obligations:
According to a recent survey, 40 percent of the small scaled businesses pay heavy penalties each year for incorrect or late filings. In order to avoid this, many reputed payroll service providers in India offer a tax guarantee, ensuring that clients will not have to suffer any penalties because the payroll consultant takes responsibility of any payroll error.
Better focus on organizational core business:
By outsourcing your staff from some outsourcing company, you don’t need to worry about legal obligations, changing laws, complexities of recruitment, payroll or any other staffing operations. So, the company can better utilize their time and resources to focus on core business activities, thus can streamline their business processes and enhance business efficiency.
More competitive in market:
Outsourcing with payroll outsourcing agency in India enables companies to reduce cost, increase productivity. All these factors will enable to improve your business performance and make your business more competitive in market.
Payroll benefits:
Payroll processing is a complex process. Being as an effective payroll outsourcing companies in India, a staging agency will manage all payroll operations such as attendance and leave management, PF, ESI, Income tax, salary slips, payroll administration, and payroll check summary, which will let you save an ample amount of time and money.