Payroll Outsourcing

Increasingly, organizations are choosing to outsource their payroll function as they can enjoy all the accessibility, flexibility and control of running their payroll in-house without allocating their staffing, equipment, time and resources to manage it and all for a surprisingly low cost.

Payroll Outsourced,Compensation & Benefits Streamlined.

Farsight provides you with a full-fledged payroll solution that reduces your processing costs while ensuring accurate, streamlined and consistent execution of your payroll and compliance needs.

Starting from the core payroll function of Payroll processing all the way to Tax Proof Management, Expense Management, Flexi Benefit Administration, Leave/Absence Management, Client Self Service, Employee Self Service, Query Management and Reports & Analytics are offered as Managed Payroll Services.

Payroll Processing

In addition to keeping up with constantly changing regulations, withholding rates and government forms, payroll processing is a time-consuming and costly task for most businesses. Taking cue of your needs Farsight does all the heavy lifting offering you the following benefits:

  • End to end services from payroll induction of new joiners to full and final settlement for leaving employees.
  • Fast and cost-effective payroll processing including reimbursement claims
  • 100% compliance for payroll related taxes and other statutory deductions while processing payroll
  • Delivery of bank advice statement and customized MIS reports

Payroll Statutory Compliance

Farsight has world class tools and processes essential to support rules and regulatory standards and specifically Payroll & Labor laws applicable to India, while ensuring a fast and cost-effective payroll processing. We are equipped to provide constant support and updates to help you manage all types of legal complexities arising of various legislations.

  • Generate statutory reports including preparation and filing of PF forms, challans and inspections.
  • Preparation and Remittance of Taxes as per the respective local statutory norms.
  • Prepare, send, assess, submit and coordinate ESI wages, while assisting on audits and inspections.

Reports & Analytics

Our payroll analytics provides secure, web based access to the labor and workforce data required to make sound business decisions. Customizable to fit a company’s specific usage it provides relevant, actionable workforce measures to help focus a managers’ attention to key business drivers.

  • Detailed employee pay/labor distribution details.
  • Understanding employee joining and Separation trends, and loan & recovery statements.
  • Analyze turnover and retention.

Employee Self Service

Farsight’s Employee Self Service Portal (ESS) is a comprehensive HR and process solution that enhances employee experience while minimizing time and effort. This service enables employees to view their personal details, change or update their information in real time and serves as a powerful medium for Employee communication.Key benefits include:

  • Employees can view / download their payslips and their tax computation sheets.
  • Employees can submit their investment declarations via the Online Employee Self Service Portal.
  • ESS serves as single online interface for all payroll and other HR activities like leave management, payroll related expense management and employee query management.

Query Management

Like it or not, managing employee queries is a critical activity that is time intensive, You want your employees to be worried about their productivity and not about unanswered queries.

So in addition to the comprehensive employee services, Farsight offers query management service for effective channelization of queries and resolving issues.A contact center team works rigorously to resolve queries rose. In addition, for remote operations, we do employ onsite resources to ensure timely and efficient management of queries & issues.


 

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