Welcome to
GlobalOutsource2India (GO2 India) Payroll Services
What is Payroll Outsourcing?
Offshore Payroll outsourcing is the act of delegating payroll
administrative activates to a third party located in an offshore
destination like India, Russia or China. Generally companies
outsource their payroll functions to cut costs, and to get better
services. Moreover such companies can concentrate on core business
activities with more time available with a sensitive job off their
responsibility.
Payroll administration service offshore
Companies offering payroll administrative services should give you
complete freedom from payroll administrative functions and
initially take the task of studying the present salary structure,
number of staff with hierarchy, company policies, rules and
regulations, benefits, tax laws etc in depth before providing the
service. Once set, these companies can take care of everything
from, salary/loan administration, benefits, superannuation,
deductions, reimbursements, database maintenance to providing
employees 24 hours access to their income and tax details.
Need for Payroll Outsourcing
Payroll administration is a complex and tedious task that most
companies find difficult to deal with efficiently. It requires
tiresome paper work, maintenance of records, supplying up-to- date
information to employees, salary and loan administration,
deductions, reimbursements, tax compliance, and so on. To do all
this efficiently a company has to have advanced technologies and a
separate department; that take toll in the form of extra
management and additional costs. Instead by simply outsourcing
their payroll functions to offshore destinations, companies can
save up on all these tasks and concentrate on their core business
instead of wasting time dealing with back office operations and
tedious tax and other legal formalities.
Outsourcing Financial and Banking Services to India
There are several activities in a business that are not integral
to it and these processes can be successfully managed through
outsourcing. Offshore companies can handle several financial and
banking services expertly. India is an extremely popular
outsourcing destination and has proven capable of managing a range
of processes of varying complexity. Indian service providers are
competent, professional, experienced and skilled.
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