India, July 8 -- India PR Distrribution

Chennai (Tamil Nadu) [India], July 8: SBS HR has released an internal payroll cost benchmark based on anonymised observations from its client engagements across multiple sectors, including IT, manufacturing, retail, healthcare and professional services.

Key message

SBS HR has released an internal payroll cost benchmark based on anonymised observations from client engagements. The benchmark indicates that selected SME cases may reduce payroll administration costs by up to 40% after outsourcing, depending on headcount, state coverage, payroll complexity, HRMS maturity, internal team structure and compliance history.

The benchmark highlights a common challenge faced by Indian SMEs: the actual cost ...