Payroll Management & Statutory Compliances
An effective compensation management and benefit program is one that reduces the operational efforts and maximizes the monetary gains.
Our compensation management services covers all key areas of Rewards, Recognition, Job Evaluation, Variable Performance Plans, Share Ownership, Market Benchmarking and Performance Management offering an accurate and holistic approach towards Total Rewards management. Our appraisal management platform provides accurate and actionable data combined with 360 degree feedback in order to evaluate the company’s talent and ensure precise appraisal
We believe that compensation, if well structured and understood completely by individuals, can be the key differentiator between companies and serve as a strategic advantage. A nice blend of fixed and flexible, monthly and annual components, confirmed and performance linked pay can bring out a structure that is addressed to the needs of individuals as well as the organization.
One of the integral parts of Compensation is Payroll management. Timely and accurate salary processing and due statutory compliances is a basic hygiene that an organization is expected to follow.
We offer a complete payroll management outsourcing model which not only takes care of managing the monthly payroll process for your employees but also helps you reducing the routine transactional queries. We manage the payroll management function in complete totality – monthly processing of salaries and reimbursements, generation of various statutory reports, compliance management related to PF, ESI, Income Tax etc. Our experienced payroll experts are available to you, to understand your requirements and offer efficient and workable solutions for your business in the area of Payroll management.
A proper statutory compliances under various relevant laws builds credibility of the employer and moreover helps in avoiding non compliance issues – penalties, fines etc. which are more time consuming and expensive.
The scope of this solution consists of a detailed audit process of the organization covering the statutory aspects – to find if the required statutory compliances regarding the remittances of dues, filing of challans, submission of returns and maintenance of records (as may be applicable to the organization under various labor laws / statutes) are being done properly. We also offer outsourcing solutions to manage various statutory compliances, thereby reducing the transactional load from your organization / HR team.
Impressions offers its clients a unique temping solution which is convenient, compliant & customer focused.
- The ROI of your HR investments
- Lower and control costs
- Reduce compliance risk
- Improve delivery
- Free up time to focus on strategic HR