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TalentPro’s Human Resources blog is a knowledge portal where we discuss the latest and best practices related to the Human Resources Industry. The portal educates the reader in various areas of interest such as Payroll, Compliances, Staffing, Human Resource Management Services (HRMS), Recruiting, etc.

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Step-by-Step guide to Payroll Processing 2024

Step-by-Step guide to payroll processing 2024

What is payroll processing? Payroll processing encompasses the complete sequence of steps necessary to calculate each employee’s total remuneration. This process typically includes three to four stages and involves tasks such as defining salary structures, gathering employee data, accounting for…

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Step-by-Step guide to Payroll Processing 2024

Step-by-Step guide to payroll processing 2024

What is payroll processing? Payroll processing encompasses the complete sequence of steps necessary to calculate each employee’s total remuneration. This process typically includes three to four stages and involves tasks such as defining salary structures, gathering employee data, accounting for components like deductions and allowances, and setting up necessary policies related to taxes and other adjustments. Beyond disbursing salaries, payroll processing also involves filing, reporting, and providing payslips to employees,…

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Payroll: Employee benefits and compensation in India

Payroll: Employee benefits and compensation in India In India, employee benefits and compensation are significant aspects of the overall employment package. The structure can vary across industries, companies, and job roles, but there are some common elements. “Payroll in India involves the management of employee benefits and compensation. This encompasses various elements such as basic salary, allowances, variable pay, and statutory components. Basic salary forms the fixed part of an…

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Differences Between HR (Human Resources) and Payroll functions

HR and payroll service divisions within a corporation typically handle distinct tasks. HR often oversees employee relations, while payroll is responsible for managing employee salaries. To learn about the specific distinctions between payroll and HR responsibilities, take a read through the rest of this blog. There’s a fine line between HR and payroll, which make employee pay decisions, and the team that processes employee pay. Sometimes, it’s indistinguishable. The difference…

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A Guide to Payroll outsourcing services in Pune

A Guide to Payroll Outsourcing Services in Pune

Payroll outsourcing services in Pune: Payroll management is an essential function of every organization. Getting the right payroll is vital for a growing business. Payroll, essentially, is what you pay your employees for the work they do for your organization. It includes the disbursement of salaries on time and accurately withholding taxes, the payment of benefits and compensation, social security payments, and other perks, if any. By outsourcing payroll services…

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A Guide to Payroll outsourcing services in Bangalore

A Guide to Payroll Outsourcing Services in Bangalore

Payroll outsourcing services in Bangalore: Payroll management is an essential function of every organization. Getting the right payroll is vital for a growing business. Payroll, essentially, is what you pay your employees for the work they do for your organization. It includes the disbursement of salaries on time and accurately withholding taxes, the payment of benefits and compensation, social security payments, and other perks. By outsourcing payroll services in Bangalore,…

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how-to-streamline-payroll-management-in-hr-importance-of-payroll-management-in-hr

How to Streamline Payroll Management in HR? Importance of Payroll Management in HR

What is Payroll management in HR? Payroll management in HR is a critical function of HR which involves paying employees accurately on time. It includes the administration of financial records related to employee salaries, wages, bonuses, and deductions. In payroll management, HR professionals typically handle tasks such as calculating employee salaries, withholding taxes, managing employee benefits, and distributing payslips. They must ensure that payroll is processed accurately, and that all employees are…

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