Payroll Management and Recruitment Solutions

Human Resource is the most fundamental resource for any organization. It is responsible for each and every decision taken, each and every work done and each and every result. So,Recruiting or hunting the best possible skills for the organization has always been a great matter of concern for the employers to get the best possible throughput for the company.On the other side,employees should be managed properly and motivated by providing best remuneration and compensation as per the industry standards. Payroll processing is the backbone of an organization's employee operational and satisfaction focus.So,Recruitment and Payroll both stands very crucial for the employers as one is required to search the better out of the best,while another is required to retain that best within the organization.

   Payroll is defined as a method of administrating employees' salaries in the organizations. The process consists of calculation of salaries and tax deductions of the employees, administrating the retirement benefits and disbursements of salaries to employees. It can also be called as an accounts activity which undertakes the salary administration of employees in the organization. Administrating the employees' salaries is not a simple task, the HR and accounts department work together to calculate and give out the salary to the employees.Thus, payroll management can be further subdivided into two sub processes, i.e. Payroll Accounting and Payroll Administration.

   Establishment expenses constitute one of the largest expenditure areas, for any employer. Efficient management of the staff, coupled with prompt and accurate payment of salaries is one of the primary responsibilities of any organization.This function has traditionally been managed through manual registers, making the generation of the monthly payroll a cumbersome and often error-prone process. Implementation of technology based Payroll applications would provide the basis for the streamlining the entire payroll management processes. Payroll module can be used not only to generate the monthly payroll, but also to track and manage employee liabilities like Provident Fund, processing of CPF;Recoveries like TDS,PT and loans (both from the employer as well as bank loans).

   Recruitment gives birth to an employee in the organization.It marks the beginning of the employee life-cycle in the organization.This process is very crucial and requires lots of analytical and experienced approach to mitigate any risk that may harm in terms of revenue as well as security of the organization.Such solutions proves beneficial for both the employer as well as the candidates.The Recruitment Process Outsourcing services assist the clients in their recruiting process by conducting a thorough analysis of their needs,simultaneously,they offer the candidates a suitable position after a thorough examination of their expectations in terms of career perspectives. Iris-Corp deliver you best of flexible,worthy and cost efficient Payroll Management and Recruitment Solutions.