{"id":4340,"date":"2020-07-24T15:38:00","date_gmt":"2020-07-24T10:08:00","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=4340"},"modified":"2020-07-24T15:38:00","modified_gmt":"2020-07-24T10:08:00","slug":"ebook-payroll-processing-and-compliance","status":"publish","type":"post","link":"https:\/\/razorpay.com\/payroll\/ebook-payroll-processing-and-compliance\/","title":{"rendered":"Ebook: Payroll Processing and Compliance\u00a0"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Payroll processing is one of the most complicated tasks for each and every business. Processing payroll manually, the ever-changing regulations, data security troubles, and many more reasons contribute to the flaws in the Indian payroll system.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Over <strong>57%<\/strong> of businesses in India still rely on <strong>paper<\/strong> or <strong>spreadsheet-based<\/strong> payroll management and processing<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Based on a study, about <strong>37%<\/strong> of payroll <strong>errors<\/strong> occur due to <strong>manual<\/strong> data entry<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Manual payroll <strong>errors<\/strong> occur almost <strong>twice as often<\/strong> with in-house solutions as opposed to third-party solutions, at 11.4% and 6.1% respectively<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Nearly <strong>1 in 5 employees<\/strong> who process payroll manually spend a considerable amount of their day with <strong>data entry<\/strong><\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A major overhaul of the payroll system is definitely needed to put these problems away. And, payroll automation is key to solving all problems.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What\u2019s inside the Ebook<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Problems with payroll processing<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Apart from manual errors and compliance miscalculations, businesses tend to spend a lot of time on payroll computations. They use old, outdated tools or outsource payroll to an agency, resulting in little\/no visibility in terms of how payroll is calculated.\u00a0<\/span><\/p>\n<p><strong>Learn how to identify problems and tackle them before they spiral out of control.<\/strong><\/p>\n<h3><span style=\"font-weight: 400;\">Evolving needs of Indian businesses<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">No business remains the exact same way throughout its course. Market conditions, the ever-evolving tech, growing consumerism, and other conditions often push organisations to incorporate change.\u00a0<\/span><\/p>\n<p><strong>Understand how these changes can impact payroll.<\/strong><\/p>\n<h3><span style=\"font-weight: 400;\">Change management<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Many organisations are under the impression that they have to spend a lot of time and resources to move their manual payroll process to an automated one.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although a little groundwork is necessary, <strong>we\u2019ve talked about the steps you need to go through to move to an automated payroll software.<\/strong><\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Decoding payroll<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Payroll impacts various stakeholders in a business, from HR professionals and founders, all the way to the employees.\u00a0\u00a0<\/span><\/p>\n<p><strong>Learn how payroll automation can bring your time spent to 10 minutes every month.<\/strong><\/p>\n<h2 style=\"text-align: center;\">Download now!<\/h2>\n<p><!-- [if lte IE 8]>\n<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/v2-legacy.js\"><\/script>\n<![endif]--><script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/v2.js\"><\/script><br \/>\n<script>\n  hbspt.forms.create({\n\tportalId: \"5558946\",\n\tformId: \"92cccd16-1956-4eb1-a56e-0ac8fbc741fd\"\n});\n<\/script><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reduce your payroll processing from days to minutes! Learn how to simplify your payroll and compliance calculations via automation.<\/p>\n","protected":false},"author":32,"featured_media":4341,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[66],"tags":[],"class_list":{"0":"post-4340","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-payroll"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/4340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=4340"}],"version-history":[{"count":0,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/4340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/4341"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=4340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=4340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=4340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}