• 04Aug

    How is Payroll Outsourcing Helpful?

    Outsourcing Destination Sri Lanka, Things you need to know about Outsourcing, Why hSenid should be your Outsourcing Partner, hSenid's Capabilities No Comments

    Outsourcing payroll accounting has become more common with the emergence of companies offering outsourcing services. It is beneficial to outsource payroll processing if you wish to save on your company costs, manpower and resources. It is very beneficial for small and medium scale companies to outsource payroll accounting because meeting the expense of payroll software is usually difficult for them. Outsourcing helps them in saving money and allows them to manage their records as well.

    With the help of a payroll service you can easily minimize the quantity of work you need to do as a business owner. Running a company is not a cake walk and you need to focus your energy right to get the desired output. Being a small company you cannot take best care of everything and most essentially your payroll accounts. Outsourcing them leaves you with less responsibility of handling other ongoing processes and keeps you from hiring more amount of staff that you can handle. Payroll outsourcing companies can take care of employee related issues together with state and federal regulatory issues. It is essential to ensure that you pay your tax in time and you have complete knowledge of profit and loss that your company has incurred in a particular financial year. It will help you to manage your accounts well and give you an idea as how much liquid assets you have in hand.

    They will fill all the essential forms on your behalf and keep your payroll accounts up to date. Outsourcing your payroll will also reduce the requirement for you to gain knowledge on topics like FICA, withholding amounts, labor laws and unemployment insurance. These companies also assist you to avoid financial penalties from underpayments, late filings, incorrect paperwork submission etc. Small business payroll services are benefitted the most as being emerging companies they cannot keep with the changing and the new rules of payroll accounting and filing. Once you hire outsourcing companies you are relieved from the tension of maintaining payroll and filing it. These companies take care of everything and allow you to focus on increasing sales of your company.

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  • 02Aug

    hSenid automates SPC HR

    Outsourcing Destination Sri Lanka, Things you need to know about Outsourcing, Why hSenid should be your Outsourcing Partner, hSenid's Presence in Events No Comments

    hSenid signed up with State Pharmaceutical Corporation (SPC) to automate SPC’s human resource operations with hSenid’s HRM Enterprise – Corporate Edition.

    From left- SPC Manager MJS. Ajith Liyanage, SPC Board of Directors and General Manager Dinusha Dassanayake, hSeni CEO Managing Director Dinesh Saparamadu, hSenid Director and General Manager, Sampath Jayasundara and hSenid Sales Manager Firaaz Fysal.

    hSenid’s HRM Enterprise – Corporate Edition, is a fully customized HRIS solution based on a modular architecture and designed as an integrated platform for effective and efficient management of human resources. This solution will bring the industry’s best HR practices to SPC and will streamline the HR processes covering all employee requirements of SPC.

    hSenid is currently operating in the United States, Singapore, Malaysia, India, East Africa and its main R and D centres are situated in Colombo. It provides its solutions to a customer base that currently exceeds 600 clients both, locally and globally.

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  • 02Aug

    What Is HR Outsourcing?

    Outsourcing Destination Sri Lanka, Things you need to know about Outsourcing, Why hSenid should be your Outsourcing Partner No Comments

    Whatever your company’s human resources requirements, there’s an HR outsourcing firm to meet those needs. Some HR outsourcing firms are generalists, offering a wide variety of services, while others are specialists, focusing on specific areas such as payroll or recruiting. Depending on the size of your business and how much control you want to maintain over HR functions, you can either outsource all your HR tasks or contract for services a la carte.

    The basic services offered by HR outsourcing firms may include:

    • Overseeing organizational structure and staffing requirements
    • Recruiting, training and development
    • Tracking department objectives, goals and strategies
    • Employee and manager training
    • Benefits administration
    • Employee orientation programs

    Businesses who outsource HR are typically small to midsize firms with between 25 and 1,500 employees. These businesses view HR outsourcing as a strategic tool that relieves them of HR responsibilities and enables them to focus on what they do best. In addition to allowing you to concentrate on your core business activities, outsourcing provides some key benefits, including:

    • Providing you with skilled professionals who are focused specifically on HR
    • Helping you reduce and manage operating costs
    • Improving employee relations

    If you need to hand off the entire HR function, consider a professional employer organization (PEO). A PEO becomes the employer of record, handling employee relations, payroll, benefits, workers’ compensation and all the other areas that fall under the HR umbrella, while you manage the employee’s everyday business responsibilities.

    If you don’t need the comprehensive services of a PEO, you can contract specific projects through an HR outsourcing firm to help you:

    • Implement a human resource information system (HRIS)
    • Create or update employee handbooks and policy manuals
    • Develop and implement a compensation program
    • Create or review a performance appraisal system
    • Write and update affirmative action plans
    • Provide sexual harassment training

    Referralsd and the Web are the best resources for finding an HR outsourcing provider. You have the option of working with an international, national or regional provider. Any one of those may be able to meet your HR needs.

    Whether you’re looking to outsource the entire HR function, a portion of it or a specific project, it’s good to know you’ve got options — lots of them.

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