HRMS Labour Compliances

Managing Labour Law Compliances under Federal structure of governance is not an effortless task. The numerous labour legislations and frequent changes in labour laws in every state due to changing social and economic environment have made more difficult to keep abreast with all labour laws changes on real time basis.

Given these challenges the HR department often spend a disproportionate amount of time on HR Labour compliances, rather than focusing on Core HR functions such as strategic HR planning, transformation, change management, team building, risk management etc. Spectra Statutory Compliance Team consist of qualified professionals from varied background including Legal, Compliance, Human Resource and Technology.

Spectra provides wide range of HR Labour Compliance Services on PAN India basis through a team of highly experienced professionals and wide network of Local Associates and Partners having strong hold at local level liaison.

Spectra HR Labour Compliance Services are as follows:

• Filling of Statutory Returns and Forms
• Maintenance of Statutory Records and Register
• Ensuring Statutory display / extract at notice board
• Due Diligence / Labour Compliance Audit
• Site Compliance / Contractor Compliance / Vendor Compliance Audit
• Registration, Licenses and renewals
• Department Liaison & Litigation
• Labour Law Consulting

Spectra broadly covers the following statutory compliances under various Labour laws:

In recent times, Govt. Of India, Digital India Initiative have brought a paradigm shift in working style and has brought greater transparency, visibility into the systems which has left no scope for non-disclosures for anyone. Now it becomes mandatory for every company to ensure its site compliance / vendor compliance / contract ‘Labour Compliance’ are in place apart from routine compliances. We offer a complete end to end compliance solutions for site compliances / contractor compliances / vendor compliance.

Our vendor compliance process covers all compliance aspect under Contract Labor Act.

The Vendor compliances helps the principal employers in reducing compliance risks, bring transparency and visibility and helps in exercising better control and monitoring over contractors. In most of time the principal employer is liable for any non-compliance for its contractor / sub-contractor, therefore it becomes imperative for principal employer to push its vendor / contractor for compliances so to maintain brand value and to minimize statutory claims & departmental litigations. Know more...

HRMS Solutions

Spectra provides software licensing and delivery model popularly known as software as service (SAAS) in which software is licensed on a subscription basis and hosted on cloud. Where a company not interested in off-site payroll outsourcing for any internal reasons may opt for software as a service “SAAS” model and manages the payroll on its own by leveraging same technology and the same set of processes which are otherwise available in offsite payroll outsourcing. Spectra “SAAS” solution provides 100% data security, data accuracy and 24X7 access to company and its employees through internet protocol.

Spectra provides a comprehensive Human Resource Management Solutions popularly as HRMS / HRIS covering the complete Employee life cycle right from hire to retire. Spectra HRMS /HRIS Platform abetted the organisations to transform the HR processes from man driven to tech driven process by automating the entire employee life cycle right from Recruitment, Leave & Attendance, Offer Letter & Appointment generation, on boarding, employee documents management, payroll process, KRA’s , performance management (PMS) and exit interview etc.

Spectra collaborated and futurist approach sensed the need and power of information technology in the very early years when companies started thinking on the line of process automation by leveraging technology. Spectra timely collaborated its functional & process expertise with the technology through an IT Partner (Minerva Technology) to cater upcoming demand of industry for evolving technologies.

Spectra robust implementation process makes us different from others. Our functional and tech experts work closely with HR internal team for Go Live

HRMS- Implementation Process

Spectra functional and process expertise, and technology blends strengthen our commitment in delivering complete HRMS / HRIS solutions at low cost and minimum time frame. Our functional and tech team work with the HR team to transform the HR transactional operations into a seamless process and thereby helping HR to focus on core HR activities. Know more...

Why we need Payroll Services in India?

Nowadays, payroll service is very important for every company. All organizations with representatives run a type of finance so as to get their staff paid. In today’s world, online method is used for payroll service which makes the process simpler and more convenient for everyone.

You have a little work in front of you. You need to pick the best payroll service for your company according to your needs and your company environment. Your company needs the best payroll provider on whom you can trust by providing your private data and depend for help.

Basic requirements for Payroll Services in India:

1. Payroll includes the information with regards to the pay package of every employee for hiring.
2. It will incorporate the quantity of days the employees were available for work.
3. Computation of extra time
4. Computation of leave and non-attendance.
5. Computation of PF/ESI alongside retained assignment and others.

Along with these requirements, the pay of the individual worker is determined and paid for the specific timeframe.

Read more:- Payroll Services in India

you can see Related blog on Tumblr:- Payroll Services in Delhi NCR

Like on Facebook:- https://www.facebook.com/Spectra-Outsource-Solutions-Pvt-Ltd-330236937173537/

Business Setup Services

Spectra give Business Arrangement Administrations in India on "Turnkey Procedure". We help remote speculator/business people/outside organizations to set up legitimate substance/open contact office/branch office and so forth to maintain its business tasks.

We embrace a definitive and comprehensive methodology while encouraging to set up any business element in India, which begins from starter dialog, the kind of business element whether association/Organization/LLP, determination of geographic state area in India, value investment regarding rate, industry type and so forth. We take of all procedural endorsement right of joining, enlistment and authorizing, lawful compliances so as to give a prepared to work arrangement in briefest conceivable time period. Our Business Arrangement Administrations are

provide a ready to operate setup in shortest possible time frame.

• Incorporation of Companies / Partnership Firms and LLP (Limited Liability Partnership) on PAN India Basis
• Setting-up Liaison Offices / Representative / Project / Branch Office of Foreign Companies
• Liaison with Registrar of Companies, Company Law Board / Central Government, FIPB (Foreign Investment Promotion Board)
• Registration under Employee Provident Fund, Employee State Insurance and Shop Acts / Factory Acts / Professional Tax / Labour Welfare Act etc.
• Income Tax Registration for Permanent Account No (PAN), Tax Identification No, (TAN)
• GST Registration / Customs Registration etc.
• Providing Corporate Law Consulting and Compliances, ROC filling, Commercial Laws and Tax Laws
• RBI Approval and RBI Compliances

Labour Audit & Consulting

We often suggest our customers for periodic ‘Labour Compliance Audit to ascertain all hidden / probable compliance risk so to minimize compliance risk and to take corrective actions.

Spectra ‘Labour Compliance Audit Services aims to simplify the ‘Labour regulations under Government of India initiative “Ease of Doing Business” to facilitate the entrepreneurs including start-ups with a view to educate and bring them under compliance framework to curtail the unnecessary departmental inspection.

Spectra’s Due Diligence (Third Party Certification) ‘Labour Law Audit services benefits our customer in many ways.

The purpose of labour due diligence is to conduct a comprehensive health check-up from the labour law perspective in order to identify any non-compliances related to the inappropriate application of labour law regulations and to allow our clients to correct these errors and potential deficiencies thereby preparing efficiency for a departmental labour audit.

We follow a systematic approach for ‘Labour Compliance Audit”, which are as follows;

• Identification of Industry wise applicability of labour laws
• Making available / Provide detailed Act wise checklist of applicable labour laws
• Detailed Scrutiny of Statutory Return, Payment Challan and statutory register and records
• Validity of Registrations, Licenses and approvals
• Employee Welfare Scheme & Health and Safety Provisions
• Employers Liability & Financial & Punitive Risk Assessment

Here you can see Related Blog on Tumblr:- Recruitment Services Faridabad

GST Compliances - GST Compliances Services in Gurgaon

Govt. of India introduced Goods & Service Tax on 1 July 2017, with a vision of One India One Tax. Initially it was a matter of debate amongst different political parties, finance & tax professionals, Scholars and Industrialist, whether GST will be a game changer or game spoiler. The idea behind was to bring India on a Global platform by simplifying Indirect Tax Laws by merging central and state taxes so as give equal business opportunity to every Indian state.

The Govt. thrust while implementing GST (Goods & Service Tax) relied more on technology so as to make the process secure, smarter and faster. It helped small & medium entrepreneurs, business houses and industrialist to transform traditional tax reporting / tax filling into electronic filing (e-filing) by way of filing monthly state-wise returns, transaction-level data upload, revenue reconciliation, reconciliation with vendor, GSTN invoice matching etc.

In the initial phase of implementation, every law has to undergo some changes, likewise GST is also not untouched with this evolutions. The frequent changes in GST laws, rules & procedures in the initial phase resulted due to varied Industry representations at GST council which has forced the Law makers to embed changes in GST Laws to stabilise business and Industry. This process is still on and will be continue till GST stabilises. It is very difficult for small and medium entrepreneurs to keep abreast with such changes on regular basis due to lack of proper professional support and process expertise. Spectra sensed & realised there is a definite need of strong compliance partner who can help them to run through the process and implement the procedural and technology changes for managing the GST compliances.

Foreseeing the technology is inevitable for managing compliances under GST, therefore, Spectra joined hands with technology company, Minerva Technologies Ltd. (An IT Partner of Spectra) who has successfully developed and implemented GST Compliance Solutions which are customizable as per requirements.

Spectra manages GST compliances in a very simplified manner and owns the end to end responsibility for GST Compliances. Our methodology is take the relevant ledger dumps and process the input and output liability by reconciling the books of accounts on monthly basis. We prepare periodic customer and supplier reconciliations and report the gaps to accounting team for follow-ups and reconciliations. We handhold our customer for procedural GST changes and assure our customer from all GST compliances.

We notify our customer from time to time about the recent changes in GST Laws. Our GST Advisory and consulting team interact with customer on regular basis to resolve their queries on GST. Apart from GST Advisory services, we undertake GST procedural activities such as;

• GST Registration
• GST Registration Amendments
• Apply and Generating way bills
• Applying LUT (Letter of Undertaking)
• Calculation of Monthly / Quarterly Tax Liabilities
• Input Reconciliation on monthly basis FORM 2A
• Preparing and filling of monthly GST /quarterly return & provide data for Annual Audit
• GST Consultancy and Tax Planning
• Departmental Lesioning& representation in assessment / appeal proceedings

Payroll Outsourcing - Payroll Services in Delhi NCR

Though the Payroll Management is an integral function of HR Department, however, the intricacies involved in payroll processing requires not only core HR expertise but also requires blend of Tax expertise and technological platform to ensure confidentiality, data security, timely delivery and accurate payroll reporting.

Spectra payroll solutions aims to provide seamless payroll services, unparalleled value propositions, ease in payroll operations and minimum human intervention. Spectra payroll outsourcing services constantly strive for 100% customer delight and employee friendly interphase (ESS) with help of latest technology and by offering personalized payroll services and customizable payroll reporting.

Spectra provides centralized payroll outsourcing services to Indian and MNC Corporates on PAN India basis and ensure payroll compliances under Income Tax, Professional Tax, Employee Provident Fund (EPF) , ESI, Labour Welfare Fund etc. Spectra robust Salary process first ensure correctness of input data through prefixed “input validation process” followed by “output payroll validation process” to deliver error free payroll and timely salary disbursement and to conclude post payroll compliance and reporting in a time bound manner.

Spectra comprehensive HR & Payroll solutions answered the question “why to Outsource” by showcasing the real and visible benefits of our Payroll Management services

Spectra varied industry experience in payroll services coupled with highly skilled payroll team and ability to leverage technology enable us to help the HR Team to focus on core HR Activities and to leave all payroll worries to us. Spectra payroll solutions offers:

• Employee Friendly Interphase (ESS) to access self-data anytime anywhere
• Query solution session through dedicated support via automated e-tickets
• Play & Plan your salary TDS without impacting real payroll
• Online submission of tax declaration and other documents
• Timely and error free payroll services and PAN India services
• Real time secured authentication to HR to access Payroll data and reports
• SLA driven approach and customizable reporting
• Integration with any HR and Finance Local / Global platform