‘Payroll’ constitutes complete records of all financial entities like salaries, wages, bonuses, tax components, and retirement benefits. Payroll has two stages, Payroll Accounting and Payroll Administration. Accounting involves computing all the salary components and Administration is managing the process. There are monthly payroll cycles which dispense the monthly salaries and payouts. The yearly payroll cycle deals with annual increments and bonuses. Large scale companies choose to maintain their payroll department…

This is a series of blog posts that will address the most important points related to managing payroll. The third in this series will focus on “Understanding technology trends via Payroll” Understanding Technology trends via Payroll. 76. More than ever, it’s essential for payroll professionals to stay current and understand trends in technology that can impact payroll and the business overall. 77. The evolution of systems will make the execution…

We all have this great fad for comparing things. The more we examine, the better we are supposed to be at our analytical skills, exercised with oh-I-am-out-of-the-world-attitude. Moreover, you also have a boss who always wears his holier than thou attitude, because he believes only in facts, numbers, and charts. Also, he is armed with the magic wand of your next appraisal. So when your organization asks you to give…

We bring more life to people There are many reasons for which organizations outsource their payroll, to TalentPro. Most often, it is the cost-cutting and optimization of critical resources that are mandated as the reasons to outsource payroll to TalentPro. However, there are many more benefits to outsourcing payroll. As a small and medium enterprise business owner, there is so much on your plate that you hardly have time for…