Payroll vs. HR: Comparing Their Roles, Functions and Connections

Payroll and human resources are two very important departments in a business that have important responsibilities in any business. Payroll is sometimes confused with HR. The HR handles hiring, setting compensation, and providing incentives to staff members, whereas payroll calculates the salaries, implements all deductibles, etc., and then disburses to the employees.

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Challenges in Attaining Payroll Compliance

In business processes and functions, payroll compliance plays an important part. Payroll compliance is related to following the legal and regulatory aspects that handle bookkeeping, taxes, salary & employee benefits. Businesses and companies of all sizes must understand the importance and need for payroll compliance.

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How to Help Overcome the Risks of Multi-Regional Payroll Complexity?

Even when working in a regular work environment, a payroll department oversees many intricate tasks. These tasks tend to get even more complicated when they have to take care of several regions. An organization’s payroll department that takes care of multi-regional payroll is often faced with many challenges.

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How do third-party payroll services ensure that payroll complies with both central and local laws in India?

Companies of all sizes in India trying to navigate payroll statutory compliance may face some problems further. The payroll industry in India is regulated by a complex network of national and state laws & regulations which includes labour laws, income tax, provident funds, and employee state insurance.

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How Do Payroll Outsourcing Services Simplify Expense Management And Reimbursement

Every business, big or small, incurs costs. There are many types of costs to the business, and one of them is the expenses incurred for/by the employees. These expenses are part of the payroll management service. These costs are incurred for different reasons and are generally on behalf of the company, such as traveling for business meetings, client management, training courses, mobile bills, house relocation for business, and more.

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