{"id":4324,"date":"2021-02-25T12:09:02","date_gmt":"2021-02-25T06:39:02","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=4324"},"modified":"2021-02-26T12:58:47","modified_gmt":"2021-02-26T07:28:47","slug":"payroll-and-compliance-highlights-of-opfin-webinar","status":"publish","type":"post","link":"https:\/\/razorpay.com\/payroll\/payroll-and-compliance-highlights-of-opfin-webinar\/","title":{"rendered":"Payroll and Compliance – Highlights of the RazorpayX Payroll Webinar"},"content":{"rendered":"

Payroll and compliance are among the most challenging tasks for a business. <\/span><\/p>\n

Can you believe 57% of businesses in India still rely on paper or spreadsheet-based payroll management? No, Right? We couldn\u2019t believe either! \ud83d\ude49<\/span><\/p>\n

We organised a webinar, \u2018<\/span>Payroll in India – Why Compliance is Important and How to Get it Right<\/b>\u2019 on the 18th of July.\u00a0<\/span><\/p>\n

Anuj Jain<\/b>, Director of Engineering at Razorpay along with <\/span>Samarth Masson<\/b>, Cofounder of Dockabl and <\/span>Rohit Venugopal<\/b>, Senior Business Manager at Razorpay, teamed up to put on a show. They discussed the flaws of the current payroll processing and management in India, and the complex compliance requirements. Further, they talked about how to tackle these problems too!<\/span><\/p>\n

Here are some highlights from the webinar.<\/b><\/p>\n

Problems with payroll processing in India<\/span><\/h2>\n

Businesses need to process payroll effectively<\/a> with minimal human intervention. But, payroll processing with the help of spreadsheets and other paper-based calculations are causes of concerns in more ways than one.<\/span><\/p>\n

Human error<\/span>\u00a0<\/span><\/h3>\n