Megasoft Wins "Best HR Outsourcing Company Of The Year" Award From World HRD Congress

After being ranked as a Leader in Compliances & HRMS and winning GlocalizedHR Who's Who Award for long-term association with clients, in-house capabilities & expertise in the same, Megasoft bags top award for Best HR Outsourcing Company of the Year at the Human Resources Vendors Awards 2016 event organized by World HRD Congress in Mumbai, India on 16th February 2016.

The long running event was graced with the presence of Union Minister for Road Transport & Highways and Shipping Shri Nitin Gadkari as a chief guest. At his valuable presence, Sanjeev Jain, Founder & CEO - Megasoft Solutions received the award for Best HR Outsourcing Company of the Year on Tuesday evening. The HR Vendors 2016 awards ceremony in India was organized by World HRD Congress to honour companies, which offer best solutions in the field of human capital.

Acknowledging the award, Mr. Sanjeev Jain, CEO, Megasoft Solutions, said, “We are very excited to triumph the most coveted HR award in APAC against global majors. While most HR vendors are endeavoring to comprehend the nuances of the multi-cultural, multi-lingual APAC market, we pride in bringing international best practices with local compliance through a comprehensive, yet refreshingly simple HRMS application. The Best HR Outsourcing Company award is a testimony of the customer belief and solutions/ service capability built over the years. With the launch of Megasoft HRMS in Dubai and Africa, we have been creating disruptive waves across the globe”.

Furthermore, Megasoft was chosen as the winner over 3 other HR service providers. A jury of over 8 senior HR leaders from some of Asia’s largest employers assessed all nominees based on level of innovation, the fine quality of its solutions & services, and valuable feedback given by its national as well as international clients. By combining all these parameters, the verdict of the jury was Megasoft as the best HR Company of the Year.

Winning this prestigious HR Outsourcing award proves that Megasoft is not only recognized for the innovation and first-rate quality it offers through HR solutions & services, it also confirms that our strategy, services and people are capable to help companies and their HR departments to become better employers, in a highly competitive and swiftly changing business environment.

This recognition confirms our strategic choices as well as objectives and encourages us to continue being the favorite supplier for our esteemed customers. Hence, we want to thank all of them for their confidence in Megasoft Solutions.

Megasoft Solutions (India) Pvt. Ltd. is the leader in providing Payroll, Compliances, HRMS, and Finance & Accounting services ranging from small to Fortune 500 companies worldwide. Coalescing the power of people, process and technology, Megasoft has been a pioneer in this industry for the past 20 years. Our helpdesk engine resolves more than 20,000 queries in a month and we keep about 2.5 Lakh employees of our clients happy every month by managing back office activities. Moreover, Megasoft is complaint with statutory and taxes across globe including Singapore, Dubai, Hong-Kong, Australia, Ghana, and Germany.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

Demystifying RPO Business Model

What is actually RPO business model? For comprehending this model, firstly let’s endeavor to chase its industry standard definition.

It is a kind of Business Process Outsourcing (BPO), where an employer transfers slice of or all its recruitment responsibilities as well as processes to an external provider. The RPO provider or external service provider mainly takes up the jobs of the human resources division of the company, but this particularly relates to recruitment merely. This exemplifies that the company with recruiting services (RPO provider) is more like a consultative as well as tailored extension of the parent company.

Some RPOs think all the recruitment functions and procedures of its esteemed clients while others are accountable only for meeting particular hiring requirements of a division or segment of employment. In either case, the RPO provider takes ownership of the whole recruitment life cycle. By vigilantly planning a strategy, they design as well as handle to enhance the hiring process of the client company. Few services rendered by the RPO provider : -

Quality Candidate Research:

A well planned hiring procedure is developed by RPO providers to acquire a best-quality talent pool. This results in maximum turnover, lesser attrition rate at initial levels, and thus, cost savings.

Compliance Tracking:

Subsequently a vigilantly structured, thorough hiring process makes sure compliant hiring method as well as streamlined results.

Reporting and Audits:

Best compliance trailing establishes the grounds for better reporting procedures as well as audits.

Hiring Manager Training:

Along with excellent quality hires, RPO providers see to it that the client emphasizes on premeditated HR initiatives for handling training and adding business value.

Process Mapping:

The RPO service providers plan to do more with less. Therefore, they make a creative, fully tailored as well as organized mapping method that helps them excel by using the individual strengths of esteemed clients to their benefit.

Technology Consulting:

RPO providers comprehend the technology, the market, and the client necessary to drive for the company’s team management requirements. Consequently, delivering actual results by leveraging advanced technology solutions forms a significant responsibility by RPO providers.

RPO providers do not only design and handle; they provide recruitment results. Thus, it makes work much simpler for companies as the RPO providers are held responsible to get quality hires on board.

For companies that want to enhance their recruitment procedure, RPO is absolutely the solution; and for good reason. The benefits of this business model are several. Let’s have a look at some of them.

• Lessens time to fill
• Minor recruitment price
• Enhanced candidate experience
• Constant and predictable recruitment procedure
• Relief of complex recruitment divisions / segments
• Enable the client company to emphasize on its chief business

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

Megasoft’s Customized Service Delivery For Small To Mid-Sized Business Owners

As a small and medium-sized enterprises (SME) business owner, we comprehend that you have a sturdy penchant for evolution and a rock solid perseverance to stay forward in the game. As your company expands, do you search yourself investing a lot of time in your non-core business and not enough time on your core business? That is the reason, you require business cohorts who can anticipate your needs, rather than simply try to keep pace with your thinking.

Our petite to mid-size business solutions can support you with responsibilities such as small business accounting, bookkeeping, controller, etc as well as integration and accounting systems automation. We assist you free-up your time to emphasize on operating your company by providing a complete array of business solutions. We have designed a solution that is perfect for all businesses rather it small or mid size. Also, the solution is completely customized as per your requirements as well as specifications.

Further, our tailored small to mid-sized business solutions could also comprise of functions like data entry and proffering dedicated workforce.

Our custom solutions assist SMEs to overcome their unmatched set of challenges as compared to the bigger players comprising of:

• How do we get practical, germane, and implementable advice?
• How can I make the most of the restricted resources we have?
• Can anyone assist me to plan big but implement small?

We at, Megasoft Solutions (India) Pvt. Ltd., would like to transform that scenario by creating simply implementable advice accessible to SMEs in cost effective way on an ongoing basis. We bring with us immense experience acquired during our careers with big consulting firms and will leverage the same to advantage your business. This will contain assistance in diverse business domains with the objective to facilitate you to be more competitive in the market. We have a custom made version for SMEs that can easily scale once you rise and expand into bigger organizations.

Specialized services offer by Megasoft to SMB owners:

• Outsourcing – HR, Payroll, Compliance
• Specialized Manpower
• Finance & Accounting services on different platforms
• Taxation

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions 

Quick & Easy Solution With Business Process Outsourcing

With business procedure outsourcing services outsource the unsuccessful processes or processes in which the company does not have a specialization for best optimization of other processes. Business procedure outsourcing not only takes of the load for definite processes, but also enables in lessening price of operations of handling such processes.

Additionally, in the current scenario BPO management companies proffer few of the best end-to-end services and provide swifter and unique solutions for all your queries pertaining to diverse procedures such as HR, accounting, payroll, and finance services.

Business process outsourcing services proffer numerous benefits such as:

• Cost Benefit
• Round the Clock Service
• Improve your Bottom Line
• Dedicated Manpower
• Quick Turnaround Time
• Readily Available Infrastructure

Business procedure outsourcing services proffers a huge number of advantages for its users apart from the ones stated above. Business procedure outsourcing have a better turn-around time as they work round the clock and have committed manpower to manage any kind of contingencies arising.

Megasoft Solutions is one of the leading BPO management companies, with expertise in domains such as HRMS, Finance, Accounting, and Payroll. Over the years, we have allowed our esteemed clients with integrating services and proffered them several advantages like flexibility, scalability, and lessened costs.

Over the years, we have delivered impactful services that have led to huge modifications for the betterment of our precious clients.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

Top 6 Reasons To Outsource Payroll In 2016

Payroll is an essential slice of business as well as companies. Businesses of all sizes either it small or large are recognizing the merits of outsourcing payroll functions. It is a best business decision that permits companies to emphasize on their core business activities as well as issues instead of spending time and money to handle the hassles of payroll related activities in-house.

Let us have a look at the top six reasons for outsourcing payroll functions:

Time : - Payroll processing is a time taking procedure that demands miniature attention for details. One of the main benefits of outsourcing payroll functions is that it saves a lot of time. For a senior officer or an owner of a company who in in-charge of overlooking payroll activities, outsourcing this task means freeing-up valuable time that could be utilized for any other important works of the company.

Cost : - Handling an in-house payroll division needs funds. For small businesses an in-house payroll services could be a very costly matter. The investment need in terms of printing expenses, employee hours, report generation expenses, training expenses, payroll software costs, and other relevant costs can add-up to become a large amount. Outsourcing payroll related activities can considerably lessen costs for a business or company.

Resources : - Processing of payroll functions in-house needs a huge proportion of workforce resources. If the workforce is not well-trained to manage the payroll activities then the need arises to hire new team members or to prepare the existing ones. But outsourcing of payroll activities frees the in-house workforce resources who could then be involved in other important works of the business or company.

Expertise : - Outsourcing payroll functions means trusting your payroll related activities in the hands of specialists. Usually an outsourced payroll function crew consists of specialists who have broad experience in dealing with intricate payroll processes at great speed. Such a workforce also makes sure better accuracy as well as minimization of errors as compared to in-house staff, who might not be experts at such a task.

Security : - Payroll Processing is a difficult and risky activity that needs thorough supervision of the payroll related documents. With in-house payroll team there is always a risk of identity theft, payment manipulation or tapering with the company records to acquire personal gain. Outsourcing payroll solutions proffer better security for confidential payroll data. Such service providers or agencies use particular technologies to spot payroll frauds as well as alert the company regarding any such shady activity.

Legal Compliance : - Usually several business owners are not that much proficient or skilled to deal with complicated matters of government tax regulations. They might not be aware of the modern changes in the regulations. But an outsourced payroll service provider involves experienced and capable professionals who possess the skills required to manage all kinds of legal compliance and transforming legislation and tax obligations allied with payroll processing.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.