Presentation - Payroll Process

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PEOPLETREE HR SERVICES PVT LTD Integrated HR solutions for better management of your Human Capital BANGALORE – MUMBAI – CHENNAI www.peopletree.net.in

Transcript of Presentation - Payroll Process

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PEOPLETREE HR SERVICES PVT LTD

Integrated HR solutions for better management of your Human Capital

BANGALORE – MUMBAI – CHENNAI

www.peopletree.net.in

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CONTENTS

PAYROLL PROCESS – OVERVIEW

WHY LEASE?

ABOUT US

OUR SERVICES

PROCESS WORK FLOW

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• Liability for Accuracy• Management Review/Audit of payroll entries• Reconciliations• Preparation of regulatory information• Statutory Compliance• Customised Reports

PAYROLL PROCESSAn Overview

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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

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ABOUT

PEOPLETREE SERVICES

Integrated HR solutions for better management of your Human Capital

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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

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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

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Bangalore

Chennai

Mumbai

New Delhi

Kolkata

Hyderabad

Existing Office

Proposed Office

PAN INDIA

PRESENCE

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PROCESS WORK FLOW

Integrated HR solutions for better management of your Human Capital

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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

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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.

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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.

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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

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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)

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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.

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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

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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

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SAMPLE

SCREEN SHOTS OF OUR

PAYROLL PROCESS

Integrated HR solutions for better management of your Human Capital

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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

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THANK YOU