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We would
urge you to consider outsourcing
payroll to TIBS on account of the following. |
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Strict
adherence to service levels, ensuring process efficiency |
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TIBS
commits to time lines in its service level agreements, and follows up
with clients for inputs in order to ensure payroll process efficiency. |
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Statutory compliance expertise |
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TIBS has accumulated significant domain expertise over the last few years,
in terms of ensuring compliance to the extent of 100%. TIBS takes
responsibility for calculation accuracy with regard to both MIS and
statutory reports, and even provides clarifications to statutory
authorities when a need arises. |
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Employee
convenience |
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TIBS delivers its payroll services by way of HRWorksTM,
a proprietary web enabled software platform. We provide login IDs to
all employees in customer organizations, and allow employees to
view/print payslips and submit tax related declarations online. |
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Cost
effectiveness |
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TIBS works on a shared services model which enables us to recover our
payroll processing cost towards people, software etc. from across
customers. Hence, customers invariably realize a lower cost of payroll
processing by outsourcing the payroll process, than if they were to
invest in people and comparable IT infrastructure in-house for managing
payroll. |
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Significant
track record |
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TIBS processes about 9,000 employee
records each month, and has customers from across
sectors. |