HR Transaction Services by Mynd

Manage your HR Services with "Mynd"

Employee Lifecycle Management

Mynd has been implementing HR shared services that standardize and centralize the employee life cycle processes like Onboarding, Employee Transfer, Confirmation, Separation Management and HR Helpdesk. Mynd also manages end to end travel and expense claim processing thus ensuring that we are there to support each HR related transaction requirements.

Onboarding Management

The first days and weeks on the job for new employees are critical to their ability to fit in and become as productive as possible, as soon as possible. Onboarding Management ensures that Mynd takes care of all pre and post joining activities of new employees. and deliver the best first few days experience to the new employees joining your organisation. The services include document management, Induction management, employee profile creation on client system or Mynd systems, and coordination for all administration activities such as asset allocation etc.

Employee Database Management

As part of Human Resource outsourcing offering, Mynd also provides the centralized employee database management. A team of professionals trained on different HR systems help in keeping all your employee records up to date. All our Human Resource Outsourcing offerings are supported by weekly and monthly HR Dashboard and analytics which provide meaningful insights to the clients for taking informed decisions.

Employee Movements

Mynd can also manage Employee Transfers and Promotions within any client organisation. This shall include monitoring such transfers, updating the relevant data in the system and keeping a track of the compensation details. Mynd shall also provide an online platform for tracking these movements where required

Separation management

Separation or exit management in itself is a combination of complex sub processes, like No dues clearance, full and final settlement etc. Our team helps you manage all these processes in a timely and hassle-free manner, removing the pain of handling multiple transactions.

HR Helpdesk

Mynd offers a robust HR Helpdesk to manage your employee query providing multiple ways to interact with the employees – web, email and phone, our team of HR process experts provide the best possible solution to all employee queries. A toll free number can also be provided for the client HR helpdesk

http://www.myndsolution.com/

Discover Mynd's Human Resource Outsourcing Services..

Mynd's HRO Services Horizon

The most promising challenge in front of any organization today is to reduce its human resource costs and optimize utilization of its existing resources, in order to maximize outputs and profits. This makes bespoke HR service delivery as the most important success factor for any organization. 

It takes significant amount of time and resources to execute human resource operations in-house. This may hamper concentration on other core business activities that are more important, be it bringing business into the organization, delivering products, goods or services or driving effective customer/client communication.

If you are considering opting for Human Resource Outsourcing to decrease your costs and enhance your efficiency, trust Mynd Solutions. As your company evolves and changes with times, maintaining an effective human resources department that scales in relation to the size of your employee base can become a challenge. Outsource some or all of your Human Resource operation’srequirements to Mynd and spend more time and resources focusing on other important business processes.

Our qualified & experienced professionals, each of whom are dedicated to providing personal, responsive service to both the employer and employees help clients improve efficiencies and save HR costs.

In fact, by leveraging Mynd Solutions expertise and relying on our range of HR outsourcing solutions, many clients discover that they can save 30 percent or more over the cost of maintaining a full staff of people in an in-house human resources department!

Compliance Adminstration Services

Statutory compliance administration is very crucial today, because the tax and finance world is changing at a rapid pace. Government is continually changing the laws and creating new rules very frequently. Hence, staying updated on constantly changing tax laws and regulations, meeting strict government deadlines, and avoiding costly fines and penalties can be an administrative burden for a company of any size. 

Statutory Compliance Management by Mynd Solutions

Mynd has a strong partner network to ensure that global statutory compliance services are provided in line with the local rules and regulations. We specialize in statutory compliance management and help our clients in complying with the local laws and procedures and maintain regular compliance to prevent any non-compliance issues thereby streamlining business processes that adds up tangible and intangible financial benefits for our clients. Mynd provided a single point of contact for India compliances and also for global compliances.

To ensure that the local requirements are fully compliant, Mynd provides the following:

Mynd Prepares and submits monthly/quarterly/yearly payroll related documents to various government authorities under the required name as per local laws. Wherever applicable, Mynd handles monthly / quarterly / yearly tax computations and prepares relevant statutory reports. Wherever it's applicable, an ESS (Employee Self Service) panel is provided for employee’s tax declaration purpose. Mynd Prepares and communicates year end submission guidelines document after confirmation with Client.

Mynd’s retirement benefits platform provides a one stop solution to our clients, whether they are with the Government run RPFC or they have their own trust. The entire process runs on a PF platform which brings transparency and accountability to the entire process. Mynd helps companies address the need to mitigate pension expense volatility and enhance investment performance by utilizing sophisticated asset allocation, hedging, risk management strategies and every other compliance management aspects. We utilize a strategic approach to help clients manage all aspects of their employee’s retrials benefits.

The spectrum of Compliance Management Services we offer includes:

• Provision of tangible and in-tangible benefits by setting up an in-house Fund to Client’s organization and its employees
• Drafting of trust deed and rules including all legal activities in this regard
• Handling complex activities related to obtaining approvals from Income Tax Department, Provident Fund Office and any other department
• Day to day administration services for Fund including accounting, legal and transaction
• Processing Services with latest automation techniques
• Transparent and IT enabled Help Desk Services for Members

Managing Your Company Payroll_Outsource

Confidentiality of Payroll Data and Process

Inter-organizational confidentiality is maintained well if a third party takes care of the processing of payroll. Using an external agency eradicates the business risks of leaking of confidential salary data through internal employees processing payroll.

 Devote Management Time to Productive Activities

Manual payroll processing is a tedious and unfruitful process. Outsourcing your businesses’ payroll operations enables business leaders and management to focus their attention to beneficial activities like revenue creation & growth along with strategic planning, instead of unproductive administrative tasks like pay calculation or accounting.

 Control Expenditure

The direct expenses incurred towards the process of payroll management are capable of being substantially decreased by taking the support of a payroll vendor.

 Avoiding errors and Tax penalties

Opting for outsourcing services enables preventing errors as well as incorrect or late payments and filings. Majority of the vendors comply by specific KPI’s and thereby are bounded by penalties, hence the entire responsibility for accurate payroll calculation and timely deposition of statutory payments rests with the service provider.

 Ease of Processing

Processing payroll manually is an arduous and wasteful task, which takes up a considerable time both for HR team and the approving management, especially in the case of small and medium enterprises wherein the primary focus should be revenue enhancement rather than backend jobs.

Stay updated with Technology and Statutory Changes

A persistent question that companies processing payroll in-house is often face is that are their systems updated in line with the latest tax changes and if they have a latest version of payroll software. Payroll outsourcing allows companies to breathe a sigh of relief and eases troubles associated with updation. This saves both time and effort for business owners.