In order to achieve such success with employees you need to ensure a healthy working environment, a worthy salary and on-time payments.
Management of payroll can become complex if not properly handled since a salary involves several perquisites and benefits instead of only wage calculation for example leave, vacation expense, insurance, medical benefits etc.
In order to simplify the process and divert your main focus to growth of the business instead of wasting time on research of laws and regulations regarding salaries and wages, hire Enterprise House.
- Employee Database Management – All the employee information and data will be uploaded in the system accurately. Separate employee files will be created and regular information updates will be performed.
- Leave Management – We will do the leave balance calculation for you which might get complicated at times. The leave application by the employees and the approval workflow will also be managed by our team.
- Payroll Processing – We will manage the pay cycle as well as reconcile the current pay with the previous month’s pay. The payroll processing includes calculation of regular pay, vacation pay and the full and final settlement. Before finalizing the payroll, our team will ensure that you review it and approve it for further procedures.
- Salary Disbursal – We will use the Wage Protection System (WPS) to generate the employee file as well as the pay slip. The employees will be paid on your behalf automatically through the WPS on time.
- Statutory Compliance Support – Social insurance or security provided by the state (if any) will also be managed by our team. All the documentation and authorization will be done on your behalf after your approval.