Human Resource Outsourcing

Human Resource Outsourcing

Human Resource Outsourcing refers to avail professional services in the matter of complete HR function of the business including payroll and statutory compliance.

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Human Resource Outsourcing For every business entity employing more than 10 persons, maintenance of Human Resource Function becomes essential. This Human Resource function serve the purpose of preparing and maintaining guidelines, policies and regulation relating to employees such as “leave management Policy”, “Hiring Policy”, “Sexual Harassment Policy”, “Code of Conduct for employees”, “Gratuity and Leave encashment Policy” or any other policies as per the requirement of the organisation. Human Resource Function also need to adhere and complying with related labour laws and enactments. Maintenance of Human Resource Outsourcing Function is the matter of expert knowledge because considering to the adherence of various policies by the employees, taking necessary and appropriate decision and action for maintaining coordinal relation between employer and employee, frequent changes in law and frequent revision in minimum wage rate etc, the Human Resource also needs to adapt and maintain and regularly pace with the increase of organisation. Maintenance of Human Resource Function also serves mediator between employer and employee. Human Resource Function also need to e-file various return as part of payroll compliance and the payroll data serve as documentary evidence which may be required at the time of labour law scrutiny cases or in the matter of resolution between employer and employee related to contractual agreement agreed and paid. We at ReturnFilings.Com are team of qualified professionals, regularly keeping eye of market conditions and equipped with latest payroll software packages and various payrolls return filings software provides services of Human Resource Outsourcing Function. We ensure that our clients receive best services to support their business requirement. Reasons of Human Resource Outsourcing Function • Hiring Right Candidate: Every Business organisation is concerned regarding the assessment made before hiring any candidate, for technical positions, these assessment require in depth analysis of technical knowledge. We at ReturnFiling.Com provide candidate assessment and ensure to deliver right candidate for the required position. • Candidate Verification: We at ReturnFiling.Com will conduct and provide the verification report of the candidate before joining the organisation, this verification report contains background check and verifies the educational qualification and experience (if any) possessed by the candidate. • Security & Confidentiality: At every business organisation, the employee related data and its pay structure are kept at top most security level, however this security may be breached and employees may be able to gain access to payroll structure of entire organisation. In order to maintain security & confidentiality, most business organisation outsources their Human Resource Function along-with Payroll services. • Compliance with latest laws and regulations: Due to frequent changes in labour law and also frequent changes in minimum wage rate, also the minimum wage rate vary from state to state, most business organisation outsource their payroll services to met with updated compliances. • Cost Effectiveness: It will save the cost on employing full time HR Employee and maintaining infrastructure such as computer and software packages for PF/ESI filing. • Scalability and presence in multiple locations: There are numerous business entities which are having presence in multiple locations spread geographically through-out the India, in such cases maintenance of Human Resource Outsourcing Function and collection of payroll data at centralised location may become tedious. For the easiness, complete Human Resource Outsourcing Function and payroll function is required and now it becomes our responsibility to call for data and maintain centralised payroll function. We provide complete Human Resource Outsourcing customizable as per user requirements, including Hiring, maintenance of Employee related policies, statutory return filings that reduces processing costs with a streamlined and consistent execution of your payroll, statutory and compliance needs. • Preparing and drafting employee related policies such as “leave management Policy”, “Hiring Policy”, “Sexual Harassment Policy”, “Code of Conduct for employees”, “Gratuity and Leave encashment Policy” or any other policies as per the requirement of the organisation being part of Human Resource Outsourcing Function. • Assisting the organization in identifying the vacant positions or requirement of the employees. • Accessing the right candidate by interview and conducting back-ground verification check on the candidate. • Maintaining and adherence to the employees related policies and guidelines. • Calculate and process the payroll based on updated law requirements • Calculate and process the monthly payroll of all employees by considering payable days, casual leave, medical leave, leave encashment days etc as per the policy of the company • Obtaining, maintaining and processing the investment declaration records of the employees, also consider providing the benefit of investment declaration as per the applicable laws. • Obtaining, maintaining and processing the reimbursement claims of the employees as per the policy of the company. • Monthly preparation and filing of PF / ESI Return along-with details of joining and retrenchment of employees. • Monthly computation of income tax deduction from the salary of the employees. • Quarterly filing of TDS return on salary on behalf of company. • Issuing Form-16 to the employees at the end of every financial year. • Computation and providing data on full and final settlement of the employees in case of retrenchment • Computation and maintaining data on Gratuity provision and leave encashment provisions of the company. We at ReturnFilings.Com will understand the purpose of your Human Resource outsourcing function and thereafter will provide you specialised services using updated accounting software and other software for return filings. Outsourcing of human resource function to us will turn out to be economically and efficiently for your business. We at ReturnFilings.Com will provide you details of regulatory filings in order to ensure proper smooth and timely compliances. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your human resource outsourcing function and other compliances need.