Presentation - Payroll Process
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Transcript of Presentation - Payroll Process
PEOPLETREE HR SERVICES PVT LTD
Integrated HR solutions for better management of your Human Capital
BANGALORE – MUMBAI – CHENNAI
www.peopletree.net.in
CONTENTS
PAYROLL PROCESS – OVERVIEW
WHY LEASE?
ABOUT US
OUR SERVICES
PROCESS WORK FLOW
• Liability for Accuracy• Management Review/Audit of payroll entries• Reconciliations• Preparation of regulatory information• Statutory Compliance• Customised Reports
PAYROLL PROCESSAn Overview
WHY LEASE PAYROLL?
PeopleTreePeopleTree
Leverage Leverage Your TimeYour Time
High Value High Value and and
ReliabilityReliability
Reduce Cost Reduce Cost & Minimise & Minimise
RiskRisk
Avoid Avoid PenaltiesPenalties
Elimininate Elimininate Software Software HasslesHassles
ABOUT
PEOPLETREE SERVICES
Integrated HR solutions for better management of your Human Capital
ABOUT PEOPLETREE
The steady growth experienced in the business of staffing has drawn a few HR professionals together to start PeopleTree.
The management has a rich heritage of working in the industry for over 10 years with enhanced knowledge in the Human Resources field.
Unlike other staffing companies we have structured our teams to be built on the lines of 'Corporate HR', thereby bringing in a sense of
professionalism and efficiency that mostCorporate Companies are used to.
PeopleTree HR Services Pvt Ltdis a
Human Resource Solutions Organizationin the business of HR Outsourced Activities and will be
your Company’s extended HR Arm
Integrated HR solutions for better management of your Human Capital
PEOPLETREE
RECRUITMENTTEMPORARY
STAFFING
PAYROLL
ADMINISTRATION
PERMANENTRECRUITMENT
FOR DIRECTPLACEMENT
ONCLIENT ROLLS
TEMPORARY
RECRUITMENT
FOR
PLACEMENT ON
TEMPORARY
ASSIGNMENTS
SHORT
TERM
LONG
TERM
TEMP TO
HIREPAYROLLING
PAYROLL
ADMINISTRATION
FOR
PERMANENT
EMPLOYEES
ON
CLIENT ROLLS
Bangalore
Chennai
Mumbai
New Delhi
Kolkata
Hyderabad
Existing Office
Proposed Office
PAN INDIA
PRESENCE
PROCESS WORK FLOW
Integrated HR solutions for better management of your Human Capital
TRANSTION – ONE TIMEPAYROLL TRANSITION
PeopleTree does the system Study of Advanced Enzyme payroll and collates Master Employee basic information, Master Employee Salary Details & all other documents relevant for Payroll Operations.
PeopleTree will provide Migration document (Soft copy) to Advanced Enzyme, prepared on the basis of initial discussions and System Study.
Advanced Enzyme, to Audit the Migration document provided by PeopleTree HR Services Pvt Ltd.
Advanced Enzyme
for Migration document.
Send back to PeopleTree for changes required in Migration Document.
Migration Document to be signed off between Advanced Enzyme & PeopleTree HR Services Pvt Ltd.
Monthly Payroll Operations Carried out between Advanced Enzyme & PeopleTree HR Services Pvt Ltd.
yes
No
RECURRING ACTIVITIESMONTHLY PAYROLL OPERATIONS
All Monthly inputs of payroll to be provided by Advanced Enzyme to PeopleTree HR Services Pvt.
PeopleTree HR Services to Process monthly Payroll
Interim Payroll statement to be provided by PeopleTree HR Services for Validation to Advanced Enzyme.
Advanced Enzyme to validate the Interim Payroll statement and Provide feedback on statement to PeopleTree HR Services.
PeopleTree HR Services to Incorporate changes in case if any in system and provide the Final Payroll Statement in the standard format (as per migration document)
Completion of Monthly Payroll Operations.
Overtime PayoutsMONTHLY Overtime Process
Monthly Overtime Hours of employees to be provided by Advanced Enzyme to PeopleTree HR Services Pvt.
PeopleTree HR Services to Process monthly Overtime Payments as per Company Policy.
Interim OT payment statement to be provided by PeopleTree HR Services for Validation to Advanced Enzyme.
Advanced Enzyme to validate the Interim OT statement and Provide feedback on statement to PeopleTree HR Services.
PeopleTree HR Services to Incorporate changes in case if any in the system and provide the Final OT Statement along with Bank Statements in the standard format (as per migration document).
Completion of Monthly OT Payouts.
Provident FundPeopleTree HR Services Pvt Ltd to provide :• PF form 12A• PF challan format along with Form 5 &10, • Form 3 and 6A• Labor Welfare Report
On Completion of Monthly Payroll :• PF Reports and challan format provided to Advanced Enzyme, to be Authenticated and filed with the department by PeopleTree HR Services • Copy of the Acknowledgement to be provided to Advanced Enzyme.
Monthly and Annual Statutory Compliances.
STATUTORY COMPLIANCES
ESICPeopleTree to provide:• Monthly ESI report & challan format , Form-32 for 1/2 yearly returns to Advanced Enzyme.
On Completion of Monthly Payroll :• ESIC Reports and challan format provided to Advanced Enzyme, to be Authenticated and filed with the department by PeopleTree HR Services• Copy of the Acknowledgement to be provided to Advanced Enzyme.
Monthly and Annual Statutory Compliances.
PEOPLETREE TO FACILITATE THE PROCESS OF APPLYING for Advanced Enzyme ESIC CODE (One time activity - Process apart from monthly standard activities)
Professional Tax & Income Tax
People Tree HR Service Pvt Ltd to provide:• Monthly PT report & challan format, to Advanced Enzyme.• Form 16, 12 BA and Form 24 for associates to be provided to Advanced Enzyme
On Completion of Monthly Payroll :• PT Reports and challan format provided to Advanced Enzyme, to be Authenticated and filed with the department by PeopleTree HR Services• Copy of the Acknowledgement to be provided to Advanced Enzyme.
Monthly Statutory Compliances.
CUSTOMER BENEFITS
• Payroll flexibility - Managing short-term & temporary business needs
• Reduce HR Administration and Time involvement• Comprehensive Regulatory & Statutory compliance• Customised Management reports and MIS• Online access/ Web login to access Associates• Tax Calculations• Employee Query Management
EMPLOYEE BENEFITS
• Professional assistance for payroll related issues • Accurate and timely Payroll services• Web based access to pay slip and other details• Defined and documented exit processes• Part of a professional employee leasing organization• Employee Investment Plan and Proof Identification
SAMPLE
SCREEN SHOTS OF OUR
PAYROLL PROCESS
Integrated HR solutions for better management of your Human Capital
WE WORK WITH …
IT
IDS Softwares
Tech Mahindra
Ingram Micro
Symphony Services
Hospitality
The Park
Grand Ashok
Taj Group
Kambala
Insurance
ICICI Prudential
HDFC Standard Life
Kotak Life Insurance
Service Industry
Dun and Brand Street
ITC
Get It Info Services
Retail
Pantaloon
Land Mark
Manufacturing
Praxair
Akzo Nobel
Asian Paints
THANK YOU