Payroll Processing | Hr Audit | Payroll ServicesMarch 17, 2022 ⚊ 1 Min read ⚊ Views 104 ⚊ BUSINESS
In-house payroll: When a company establishes its payroll processing and maintaining records. Using standard templates for calculations, preset mathematical formulas for compliance and salary. All information is handled manually. In India, 57% of payroll processing management is done through paper or spreadsheets. Not efficient if employee increases.
Outsourcing: Payroll processing companies offer services to help out the other companies by providing 100% accuracy. More businesses opt for payroll processing agencies if there is an absence dedicated person.