Frequently Asked Questions 1. How is payroll outsourcing useful for startups? Startups already have a lot on their plates, and adding payroll functions (with all the tax laws and regulations) to their list worsens the situation. Payroll outsourcing saves startups from these hassles and frees up their time for the core business. 2. What are the common payroll errors that can cost you a hefty sum if committed without expertise? Incorrect employee details, entering wrong amounts, errors in time tracking & overtime calculation, underpaying or overpaying employees, etc., are some common errors that can cost you a hefty sum and raise questions on your credibility as an employer. 3. What payroll inputs are required from the HR team? For payroll processing, the HR team needs to keep updated records of sensitive employee data, including PAN & Aadhaar card numbers, bank account details, rent agreements, and savings, etc. 4. Why do we need payroll outsourcing? Outsourcing payroll-related tasks can help you save time, money, and manual labour. Reducing the time spent on administrative operations, like collecting employee details, maintaining salary records, framing a payroll schedule, tracking work hours, marking attendance, overseeing deductions, etc., increases work efficiency and allows your employees to focus on the important tasks at hand. Team at BC Shetty & Co. can help you avoid errors and costly penalties. We assist you in making accurate calculations and informed decisions regarding employees' paychecks. 5. What is the quick way to access payroll outsourcing services? Look online for reputable payroll outsourcing services providers like BC Shetty and Co. or ask for recommendations from industry leaders.