Overview
For a Japanese company's Indian subsidiary, HR is usually the first function that has to work. The firm builds it, structures pay and runs payroll, keeps in order the deductions, contributions and records Indian law asks for, and reconciles payroll with the books.
What we do
The HR function
The HR function provides end-to-end HR solutions that help businesses manage people, payroll and compliance efficiently.
- HR policy design and implementation, in line with the company's business, culture and ethics, its requirements and Indian regulations
- Employee records: employees' documents and records maintained to meet DIPP and other compliance requirements
- HR policies, procedures and practices aligned with business requirements
- Automation of policies, procedures and practices for easy access
Compensation and payroll
End-to-end payroll, compensation structuring, payslips, reimbursements and employee payments.
- Compensation structure aligned with income tax and labour law
- End-to-end payroll process, starting with employee attendance and ending with the final payout on time
- Preparation and confidential distribution of payslips
- Necessary recording and adjustment of employees' loans, advances and reimbursements
- Automation of input and output data for accuracy and easy reference
Statutory payroll and labour-law compliance
Payroll compliance, statutory deductions, contributions and labour-law requirements.
- Payroll-related statutory registration of the employer and employees
- Compliance and management for tax, provident fund, employee state insurance, professional tax and others
- Statutory deductions made and deposited with the government on time
- Maintenance of statutory employee and employer records and documentation
- Forms issued and returns filed
- Automation of recording, deduction, deposit and returns
Payroll accounting, reporting and reconciliation
Accurate payroll accounting, reporting, reconciliation and statutory payment controls.
- Comprehensive recording and recognition of employee costs
- Payroll-related financial and management reporting
- Reconciliation of payroll data with the accounting books
- Ensuring statutory deductions and deposits with the government match the payroll data and the books
The practices it works with
- 02LegalThe legal practice advises on labour law; this practice carries it into pay, policies and records.
- 04RecruitmentRecruitment finds the people and sees them through onboarding; this practice then runs their payroll.
- 06Accounting and taxationPayroll is reconciled with the accounting practice's books; employment tax, including expatriate tax, sits there.
Next step
Not sure which practice you need?
Describe where the company is and what it is trying to do. The firm will say which practice, or which combination, fits.
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