Everything You Need to Know About Third-Party Payroll Services

Your employee strength will increase as your firm expands year after year. In this case, it’s preferable to contact a contract staffing agency that provides third-party payroll services.

To deal with the surge in demand, startups, corporations, and small and medium-sized businesses use third-party payroll services offered by Beyond Human Resource.

In the long term, this step aids organisations in becoming more cost-effective and time-efficient.

How exactly? Let’s dive in and take a look.

Benefits of Third-Party Payroll

Contract staffing is a relatively new concept in India. It’s a relatively new method of hiring that has gained popularity and success among organisations in recent years.

Mostly because of the services provided, which are tailored to match the needs of businesses.

Contract staffing businesses in India handle onboarding, compliance management, 3rd party payroll services, providing offer letters to temporary employees, and even termination requirements.

They do, after all, charge a fee. Hiring a contract employment agency for 3rd party payroll services, on the other hand, makes a lot of sense because you gain a lot of perks.

Here are some benefits offered by Beyond Human Resource’s Payroll services.

Time-efficient

Prospecting, screening, and hiring the proper personnel, as we all know, is a time-consuming and lengthy process. As a result, outsourcing payroll handling to BHR saves time.

Reduced Expenses

Beyond Human Resource has a ready data pool and infrastructure, which allows it to hire at a lesser cost, thanks to payroll and compliance expertise.

Experts at Work

We are known for having an in-house team of experts who handle everything from recruitment to payroll and compliance to employee management.

Who Should Opt for Third-Party Payroll?

Any company that contracts with a reputable contractual employment agency that provides exceptional third-party payroll services stands to benefit.

Some organisations that advocate payroll services are listed below:

• Employers and businesses who are unable to manage salary, benefits, and tax processes.
• Employers who don’t have enough time or don’t have a trained in-house team to hire candidates or manage the entire recruitment process.
• Candidates with a desire to work with high-value clients but an insufficient hands-on experience. Freshmen, students, and recent graduates make up the majority of the group.
• Candidates that are prepared to work on a contract basis for a short period.

Companies Ideal for Third-Party Payroll Services

• IT Companies (Including Banking, Hospitality, Finance etc. domains)
• Non- IT Organisations (Including Retail, Construction and Pharma etc. domains)
• BPO Sector (Including Voice/ Non-Voice/ Customer Support and Service domains)