Blog / Payroll Management Company in Noida

Payroll Management Company in Noida
27 Aug

Payroll Management Company in Noida

Payroll is an integral part of administrative tasks, irrespective of the scale of the company. Evidently, every organization must have a smooth payroll management system which ensures accurate and on-time payments to the employees garnering their trust and faith in the company. To attain the same, many companies have now started looking for a payroll management company, which they can trust with their brand’s reputation and that is when Jaddm comes into the scene. One of the finest and pioneers of the field, Jaddm, has a record of satisfied clientele and recognition in the industry.

Jaddm has developed an effective and cost-effective system that helps your company to grow and focus on other business goals while we take care of your company’s payroll needs. To run a company hassle-free, the foremost task is ensuring on-time payments to the employees. For the same, a payroll management company services are sourced in.

What is payroll?

Payroll refers to the list of employees of the company who are entitled to get paid every month. The salary is the net pay credited to the employee’s account after the gross salary and deduction take place. The process could be tiresome and a lot of time-consuming, especially for the HRs. An employee’s net pay includes gross salary, bonuses, increments, attendance addition minus the necessary deductions on leave, taxes, insurance, provident fund, etc.

To make this hectic process a smooth one, companies partner with payroll management companies, who can seamlessly assist them and provide an effective system for maintaining the payroll.

What does a payroll management company do?

A payroll management company ensures a proficient system is present which curates the accurate payment an employee is supposed to receive after the necessary increments and deductions. An important aspect of this is being on time. Delayed credits damage the company’s reputation and cause mistrust and misunderstanding between the company and employees. This is why businesses incorporate payroll management companies. Read on to know the functions of a payroll management company:

  • Assist you with crediting a timely and accurate payment to every employee.
  • Structuring of compensation and processing paychecks.
  • Organizing and managing the data of employees regarding their monetary aspects.
  • Accountability to your financial reports at any time.
  • Access your employee’s financial records, whatever time you may wish to.

The significance of the payroll management systems is increasing constantly and it’s time when major companies have started to comprehend the need of associating with a payroll management company.

Advantages of hiring a payroll management company?

Apart from its direct benefits, a payroll management company assists companies in a lot more ways which help in building repute and growth. A payroll management system is a strict need in today’s time when every aspect of the business is getting digitalized. Following are the advantages of associating with a payroll management company:

  • Helps in reducing the workload of HR, hence, allowing them to invest their time more in other company goals, increasing productivity.
  • Never let the backbone of your company i.e. employees feel down with inaccurate or delayed payments.
  • Payroll management requires extreme dedication and specialized resources that can ensure a smooth operation. Outsourcing the service provides seamless working and increases the repute of the company.
  • Enhances the solidity of firms in the industry with a strong financial record.

Why choose Jaddm?

Hiring a payroll management company is a crucial decision for any business as the monetary aspects of the company go into other hands. For such an important task, you must get to associate only with the best. Read on to know why you should only choose Jaddm:

  • Experience - With an experience of years and working with several clients, we proudly present ourselves as the leaders of the industry. We have advanced systems and software which cater to the best of services.
  • Customer Support - We celebrate and appreciate a professional environment, thus, our customers should never feel left behind. Our dedicated staff is ready to help you with your queries anytime.
  • Professional Team - Jaddm features a highly trained and experienced team of professionals who are always ready to provide continuous and expert solutions to the needs of the company and software.
  • Reliability - Our systems are synchronized with digital and competent servers through which our clients can access their records anytime.

Jaddm accommodates many reasons justifying its tag of being one of the best payroll management companies in Noida with an array of services and advantages.

What services are offered by Jaddm?

Payroll management is one of the most hectic tasks for any company but it surely comes attached with a string of services. Here are a few of the services offered by Jaddm:

  • Payroll Management Attendance and Leave Management
  • Provident Fund
  • ESI
  • Earning Statement/ Salary Slips
  • Department Cost Summary
  • Employees Grievances/ Query Management
  • Payroll Administration on ERP Package
  • Medical
  • Income Tax (TDS)
  • Employee Insurance

The list above here shows what a business can avail whilst hire Jaddm, a prominent player in the field of the payroll management systems.

Why should you hire a payroll management company?

Preparing payroll is not as easy as it sounds. A lot of numbers are needed to be kept on account for every employee in ensuring accurate and timely payments (while adhering to the laws and policies as notified by the government). Here are a few reasons why you need to hire a payroll management company:

  • Timeliness - The company helps in timely releasing paychecks along with detailed reports on taxation requirements. It has been observed that many companies pay penalties because their financial statements are not in compliance with the law, thus, hiring a payroll management company saves you stress and money,.
  • Safe - We precisely understand the safety and importance of your company and employees’ personal information and keep every word of data safe and intact with us, allowing just confidentiality.
  • Saves workforce - While we maintain your payroll management, your HR and other departments can simultaneously work towards other tasks, enriching productivity and time to be invested at other places.

As mentioned above, there are certain points that ensure a smooth process whilst running the company and save you from a lot of stress.

Frequently asked questions:

1. What does a payroll management company do?

Ans: Payroll refers to the salary an employee receives whilst working within an organization. A payroll management company takes care of that process while the organization can dedicate its time to other goals.

2. Are my credentials safe with Jaddm?

Ans: Yes, with an assurance of being in the industry for years and a work record with several clients, we can assure you of your data is completely safe and confidential.

3. Are the payrolls accurately provided by the company?

Ans: Every paycheck is precisely calculated from the inputs, following a margin of no errors.

4. What happens to my financial statement after associating with the company?

Ans: Jaddm works in compliance with the laws and taxation policies. Your financial statements are kept clear and well-recorded with every transaction, we also assist with filing the taxes.

5. Can the employees have access to their records?

Ans: This depends on the services you would like to avail of, plus the level of intra-organization access you would like to have.