When I go through the payroll activities and what a payroll specialist does, I came to know that to be a payroll executive, you should be an expert in accounting. So, kindly clarify for me: who is eligible to apply for the payroll executive position - an MBA HR student or an MBA Finance student?
Additionally, if an organization wants to outsource its payroll activities, would it be safe for them?
From India, Calcutta
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Additionally, if an organization wants to outsource its payroll activities, would it be safe for them?
From India, Calcutta
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Hi Mihir,
The payroll process happens based on the size of the company and the management decision. In some organizations, payroll will be handled by HR, and in others, by Accounts. In larger companies, there are separate departments for payroll. For payroll, accounts knowledge is not mandatory, but the individual should have a fair understanding of tax regulations.
:)
From India, Bangalore
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653The payroll process happens based on the size of the company and the management decision. In some organizations, payroll will be handled by HR, and in others, by Accounts. In larger companies, there are separate departments for payroll. For payroll, accounts knowledge is not mandatory, but the individual should have a fair understanding of tax regulations.
:)
From India, Bangalore
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Greetings from Prodigy Technologies!
If you have multiple branches, then an online payroll software is the best fit; otherwise, you can go for a desktop version.
Outsourcing is a good option but costs much. If you are spending time preparing attendance, outsourcing payroll will not help in reducing that time.
So, I suggest there is no need to outsource.
IntelliPayroll is an online payroll solution from Prodigy Technologies built on the Software as a Service (SaaS) model. The user has two modes, namely admin and employee. Employees can view their salary details through the online payroll portal. They can also apply for leave and communicate with HR by email provided in the online payroll portal. Employees can generate their Form 16, declare concessions for the financial year to maximize tax benefits, and access their previous salary slips. The online payroll software acts as a virtual HR for employees, reducing the need for HR to handle periodic requests for various reports.
IntelliPayroll is 100% compliant and CA certified.
India's first payroll software to be CA certified.
Please drop an email for a trial use to
From India, Pune
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If you have multiple branches, then an online payroll software is the best fit; otherwise, you can go for a desktop version.
Outsourcing is a good option but costs much. If you are spending time preparing attendance, outsourcing payroll will not help in reducing that time.
So, I suggest there is no need to outsource.
IntelliPayroll is an online payroll solution from Prodigy Technologies built on the Software as a Service (SaaS) model. The user has two modes, namely admin and employee. Employees can view their salary details through the online payroll portal. They can also apply for leave and communicate with HR by email provided in the online payroll portal. Employees can generate their Form 16, declare concessions for the financial year to maximize tax benefits, and access their previous salary slips. The online payroll software acts as a virtual HR for employees, reducing the need for HR to handle periodic requests for various reports.
IntelliPayroll is 100% compliant and CA certified.
India's first payroll software to be CA certified.
Please drop an email for a trial use to
From India, Pune
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