Karma Management Global Consulting Solutions Pvt. Ltd. Offers – Payroll Management, Compliance & Governance, and Human Resource Services
Emerging as a leading giant in Payroll Management, Compliance & Governance, and Human Resource Services, Karma Management Global Consulting Solutions Pvt. Ltd. offers a plethora of services starting from Payroll, Payroll Audit, Outsourcing, HR, and Training & Development.
Let us closely examine what is payroll audit all about and what are its far-reaching effects on the process if undertaken by clients in its own interest.
Briefly, it can be said that payroll audit is all about a similar kind of surveillance but not for some criminal investigation but for a fair deal of compliance observation, in the sense to take a closer watch over something that is not done correctly either consciously or unconsciously, and in both the ways of knowingly or unknowingly done, the effects of not doing properly as per law, can be disastrous in the long run.
Karma Management Global Consulting Solutions Pvt. Ltd. has been doing payroll audit along with vendor audit for a long long time, in fact, from the time that it evolved as a full-fledged consulting organization way back in 2004 and it just celebrated its 18 years in this April of 2022, of its successful existence.
Karma Management Global Consulting Solutions Pvt Ltd – Completed Over 10,000 Audit
Payroll audit is a very specialized job, and the capabilities of doing this, rest with very few people in the industry who have had their initial run either in payroll, HR, or compliance. The people do not come with ready-made skills but harness the skill sets over the years from the fundamentals and then divert into the skillful art of payroll auditing and Karma Management has groomed a number of experts in this field who have been marvelously carrying out payroll audit for various clients who have been majorly benefited from the audit results, giving them a sense of direction and purpose to reverse the gear and move into the correctness of all breaches, happened unknowingly.
Karma Management Global Consulting Solutions Pvt Ltd has completed over 10,000 audits across businesses of all sizes, in varied industries, using different strategies and methods for clients depending on the objective and requirements.
The concluding session of the audit is the most crucial phase as it leads to highlighting common payroll mistakes and compliance issues that business houses cannot afford to commit such blunders or continue doing blindly what they have been doing, as one fine day, such gaffes are bound to flare up and then the consequences will be too heavy to bear.
We always tell our prospective and ongoing clients to carry out an HR and payroll audit so that they can get payroll accuracy and payroll compliance right on stream, without the hassles of something bad happening or looming large in the long run, when it gets noticed by the authorities or external auditors or stakeholders.
There is no room for error when it comes to your payroll or compliance procedures to be strictly followed, regardless of the size of your company. Picking up on potential non-compliance early gives you the chance to rectify issues and step out from the back foot straight onto the front foot.
Karma Management Global Consulting Solutions Pvt. Ltd. Looks diligently at the high-risk areas that can easily be the cause of :
- Underpayments,
- Overpayments,
- Wrong Payments on Base Rates,
- Leave Accrual,
- Superannuation,
- Gratuity calculation,
- PF, ESI, PT, LWF calculations,
- Bonus calculations and payment,
- Filing of returns,
- International Worker Compliance
- Days of Pay,
- Allowances, Deductions, and Penalty rates,
- Attendance and Leave of Absence
- Personnel Records and On-Boarding documents including Employment Contracts
Karma Management Global Consulting Solutions Pvt Ltd offers – A Tailored Payroll Audit Program
Karma Management’s wealth of experience in undertaking payroll audits is unimaginable, headed by an expert analyst with over 30 years of experience in this field,
Karma Management offers a tailored payroll audit program to help you identify potential risks, address your issues and avoid heavy penalties for non-compliance.
Please do not allow complacency to set in, but allow compliance to set in, by allowing Karma Management to conduct the risk with controlled assessments as the first line of defense in your compliance system by monitoring and re-evaluating the lacunae that can creep in, unknowingly or unconsciously.
Reach us for more information.: +91-9223192906
Kush Modi – Marketing @ 9890398953 / enquiry@karmamgmt.com / www.karmamgmt.com