Businesses lose their focus from the core objectives because of laborious and resource-intensive HR activities like payroll and compliance.
Are you facing any of these challenges with your current payroll system?
- Access to accurate and timely payslips
- Scalability during expansion to multiple geographies
- Escalating cost due to in-house payroll maintenance
- Security and confidentiality of payroll and employee data
- Compliance with the latest laws and regulations
Posterity provides an end-to-end payroll outsourcing solution that reduces processing costs with a streamlined and consistent execution of your payroll, statutory, and compliance needs.
Posterity is an experienced Payroll Specialist supported with a smooth technology platform and Services that cover Payslips, Filing of Returns, Answering Staff's Queries, Leave Attendance, Statutory compliance, Time & Attendance, TDS Compliance, Payroll Compliance, Income tax return.
Posterity provides a simpler, affordable way of paying employees, filing taxes, and performing other activities associated with payroll administration.
Statutory labor compliance is gaining importance each passing day as the government is focusing to widen the scope & definition of organized sector employment.
It has been an ongoing demand for reforming various labor laws to generate more employment with flexibility, this also brings simultaneously accountability on part of employers to compliant on the labor regulatory front.
As the economy is heading towards a developed economy state, employers desire to be ethical and comply with local laws of the land to avoid any judicial interventions.
What we do
Posterity has got qualified & experienced labor law consultants to meet the needs of the industry. Many players especially SMEs and start-up segments are yet to catch up to compliance standards and lacks in-house capabilities to meet changing laws. Also, it does make economic sense to develop in-house capabilities.
We cover almost all 44 central acts and local state acts based on client locations as labor laws are concurrent subjects under the Indian constitution.
Posterity does following as part of service.
How we do – process & activities
- One time set up
- Registration, renewal & Licence acquisition
- Liaison with Government authorities
- Record maintenance offshore as well as onshore
- Remittance & Challans
- Continuous Advisory & Audit
Clients need to outsource it for the following compelling reasons
- Batter to outsource critical legal activities to experts
- Cost rationalization & Flexibility
- Ethics, governance & compliance
- To avoid litigation and raids from government officials
Posterity act as a reliable partner to make its client a compliant corporate citizen by enabling them fully compliant in local law of land.
Our Plug & play service is primarily meant for SME and Startup segment, India is one of the largest SME segments, and at 40 + Million SMEs are the true strength of the economy. The Indian start-up ecosystem is among the top 5 globally and continues to grow robustly.
However, majority of these SMEs& Start-ups lacks standardized HR set up resulting obstacle to business growth.
Posterity enables this segment with customized solutions.
Packaged Onsite/Offsite HR Solution- Posterity outsource HR function with People, Process, and Technology and offer a seamless blended service, Clients retain posterity for complete HR work such as hiring, payroll, compliance, employee life cycle, and HR Operations.
Build & Transition- In this model, Posterity builds the HR team and handover the HR function to the client where the client retains ownership of the HR process. Posterity does one-time HR reengineering and then does the transition to the client.
SMEs and start-ups can continue to focus on their core businesses and Ideas and posterity brings expertise to enable you for the next level.
India continues to be the back office of the world, the top FDI attractor globally, and among the top five startup ecosystems globally. Many MNCs with global growth ambitions are still to enter India or in various stages of entry in the Indian Market.
Posterity has got experience in executing such assignments and facilitating the smooth entry of foreign players from an HR & Staffing perspective.
Our team capabilities have been instrumental in helping many Foreign players (ICT-Captive/GICs/ Subsidiaries ) in their first Phase Indian Plan on the below Areas.<!--
HR function related Specific Primary Research & Mapping
Total Reward/Compensation Insight
Competitors Analysis - ( B2B OR Talent Pool basis)
Macro Legal Framework for HRM (Labor Regulations and Employment policies) in Local Law of Land
Talent Availability and Challenges
First phase hiring – Local key Leadership hiring who can anchor local Indian operations
Connect & Liaison- helps connect with other potential partners such as legal, accounting & facility etc.-->
Posterity collaborates with clients to make it happen.
Posterity helps in generating deep insight based on a mix of primary and secondary research related to talent acquisition & Staffing; we conduct studies that are contextual and keeping the competition segment in mind. We have carried out studies and analysis on the below outlines variables for various of our clients.
- Locations Study
- Regulatory & Labour Laws
- Geo-Political Scenario
- Demographic Analysis
- Talent Pool Analyses
- Academic Ecosystem Analysis
- Total Reward Study
- Retention& Attrition
- Organization Structures
- Connectivity –Transport
- HR Policies
Posterity provides insight to clients to enable them to take strategic shifts in their people-centric plans.