What are Payroll Services?

Payroll services are the most effective part of any business. Some business working on manually process like employee attendance, leave, salary process, etc. However, the use of the payroll services above all task is work automated, and you can grow your business. It is a system by which employer maintain and keep the complete financial record of the company. This includes details of the salaries of the employee's, bonuses, incentives, deductions, and net pay.

It seems to be a boring task but it includes many aspects like withholding of taxes from each payment and making sure, that accurate fund should pay to the correct government organization as due process established by law. At the same time, this work is very important as well as brainstorming because a small mistake can cost into a huge loss.

Features of the Payroll Services

• It manages information about the employees efficiently.

• It keeps the records of payments, debits, leave, etc.

• It creates a salary slip very conveniently.

• It creates and supervises the Payroll Process based on the salary structure of a particular employee.

• It keeps the records of the attendance /leave, payrolls, etc. of the employee.

Nowadays, many companies use Payroll software because these Softwares make the work easy for the companies having a large number of employee’s and it is not possible for them to maintain the record of every employee manually. It is also practically impossible. It simplifies the process of reporting, analysis and deals with the complete financial process of a company, which includes tax payment, collects employees PF and tax deduction, etc.

Job Consultancy

Nowadays, Job Consultancy in Bangalore is very normal because these job consultancy companies have tie-up or contracts with various companies to supply the workforce to the companies as per the requirements. In return, these companies charge some amount in the form of commission. Job Consulting companies advertise in newspapers or any job portal as per the requirements of the companies.

Role of Job Consultant Companies

Job Consultant Companies plays an important role in the end-to-end recruitment process:

•    Prepare a Job Description according to the mandate from the client.

•    Do job posting on different job portals and professional networking sites.

•    Contacting the candidates through cold calls or emails.

•    Handle the queries of the candidates over through phone or emails.

•    Guide candidates about the jobs according to their qualifications.

•    Screen the candidates’ profiles according to the mandate given by the client.

•    Follow up with candidates and schedule interview.

•    Coordinate with HRs for interview feedback.

•    Salary negotiations with selected candidates.

•    Sending offer letters to the candidates.

•    Keep a strict follow with the candidates until the time of the joining.

•    Maintain cordial relations with clients and candidates.

•    Managing the client and candidates database.

Moreover, in this competitive market, no company has time to do everything on their own that is why they hire these job consultant companies in the course of minimizing their workload.