Payroll outsourcing is the act of delegating payroll administrative activities to a third party. Generally companies outsource their payroll functions to cut costs, get better service and to concentrate on core business activities.
Payroll administration is a task that most companies find difficult to deal with efficiently. It requires tedious paper work, maintenance of detailed records, providing up-to-date information to employees, salary and loan administration, deductions, reimbursements, tax and statutory compliance, and so on.
This can sometimes take a toll in the form of extra management attention and additional costs. Instead outsourcing payroll administration to a professional run organization like GroupL is a cost efficient solution to clients. We have experience and expertise in managing the payroll and statutory requirements of thousands of outsourced employees. In addition, we are compliant with labour law requirements in all states in India.