| Managing each employee’s time and attendance | | | | company. |
| can be time-consuming and tedious. A Payroll Services | | | | - Outsourcing can be a serious threat to security and |
| management tool helps organizations to efficiently | | | | confidentiality of the company. Therefore it is important |
| manage attendance, salary distribution, increment | | | | to make sure that the outsourcing company is |
| calculation and various types of benefits provided by | | | | consistent and trustworthy. |
| the organization to the employees. It is designed to be | | | | The various features of payroll management tool are: |
| simple and powerful integrated business tool. Some | | | | - Attendance and time maintenance of all the |
| smaller businesses rely on user-friendly computer | | | | employees of the company |
| software to set up a simple payroll system whereas | | | | - Automatic pay slips creation along with the |
| larger companies may assign trained accountants to | | | | maintenance of records of issued pay slips |
| handle payroll issues as part of their overall duties. | | | | - Management of all types of leaves including paid and |
| Now days outsourcing is being done in Payroll services. | | | | non paid leaves |
| The benefits of Payroll outsourcing are enormous. | | | | - Appraisal management |
| Some benefits of Payroll outsourcing are costs | | | | - Recruitment management |
| reduction, Reliability, Continuity and Automation of the | | | | Management of Payroll Services is a very essential |
| Payroll Process. | | | | task of a company. It can be outsourced but the |
| Employers who outsource their payroll services should | | | | company should maintain its control over all the |
| consider the following points: | | | | processes and not just depends on the outsourcing |
| - Payroll outsourcing can give the managerial control of | | | | company. Some of the payroll management |
| organization to the outsourcing company. This happens | | | | outsourcing companies are Armstrong payroll solutions, |
| because it is difficult to manage the company when all | | | | Ceridian, Dataplan payroll and Amicorp BPO. |
| the data and records are with the outsourcing | | | | |