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Other Services

Helping Clients Place Their Staff on our Payroll

At Wallclock, we offer Resource Management Services (Temporary staffing services), where we help clients place their staff on our payroll and we completely administer the employee benefit plans for such staff.

Temporary Staffing Services

Today’s changing business environment warrants innovative solutions for meeting your staffing requirements. Wallclock offers Resource Management Services (Temporary staffing services in India), where we help clients place their staff on our payroll and we completely administer the employee benefit plans for such staff. We also manage the necessary statutory data for these employees on temporary services. We can also provide industry standard benefits customized to clients requirements for ensuring parity in employee benefits between company’s staff and temp staff.

While offering these temporary staffing services, Wallclock works across several industry verticals, catering to requirements of leading names in BFSI, Consumer Durables, Retail, Telecom, Chemical, Manufacturing, e-commerce, Pharmaceuticals and healthcare sectors.

A combination of the right people, proven processes & the right investment in technology enables us to enhance business productivity for our clients. They outsource their temporary staffing in India requirements to us (we are not a recruitment firm) and this allows them to focus better on their operations and growing their core businesses.

Process

Enabling our clients to outsource their temporary staffing requirements

Standard Benefits offered while offering Temporary Staffing Services include

All employee HR benefits administration taken care of by Wallclock
Temp staff eligible for same benefits as permanent staff, but without the admin hassles

Reports That We Provide To Client

CTC based Salary statement for each employee
Details of retained amounts per employee
Details of Salary register
Compliance confirmation report for each month with supporting challans / returns
Loans and Advances Register for employees
Retrials liability for provisioning and payment
Full and Final settlement in case of separated employees

FAQs

Amidst market volatility, it is common for clients not to commit to long term projects. In such a scenario, the company who takes up such projects has to deal with challenges of managing additional workforce in case the client decides to exit the contract. To avoid risk, till there is some element of stability in the contract, companies offer to go the route of temporary staffing services. They do not employ the people in their company and this gives them the flexibility to hire and fire people at short notice. Temporary staffing services offer clients the possibility to hire people with the necessary skills without having to take care of any of their HR formalities. These HR formalities could include joining formalities, benefits administration, payroll, leave management etc.
With an external agency managing all the HR formalities and benefits, companies can just focus on the task on hand and move on. They are able to hire on temporary contract skills that they need without having to worry about who will manage all their benefits administration and formalities.

Across the Country, organisations small, medium and large enterprises struggle to deal with increased Government regulations and volatile market demand. Organizations require Temporary staffing when things are uncertain, when they do not want to hire candidate for full time basis, they want Good resource for a certain period of time.Temporary staffing solutions that offer the ability to build staff strength without hiring them full time, these resources assist the overloaded employees during critical times and keep projects moving.

Wallclock has over 17 years of experience in the payroll domain. They offer end to end payroll processing and payroll compliance solutions. With the experience that they have gained across industry verticals, they are capable of managing all the HR benefits administration that is needed for temporary staffing services.
With temporary staffing services from Wallclock a company can just go ahead and source the talent that it is looking for and enrol it on Wallclock payroll and have him focus on the work related to the project. The employment terms remain flexible so that in case the projects do not continue, then you can relieve such staff quickly. All the HR formalities including joining, benefits administration can be managed by Wallclock. This helps put the temporary employees on par with full time employees in terms of HR benefits and administration. This makes it attractive for these employees to join on temporary term.
Benefits offered in Temporary Staffing services include:
• C T C including different components of earnings / deductions
• Group Personal Accident Assurance Benefit
Clients staff taken on Temp would have the Benefits similar to Other staff as to:
• Leave Policy
• Retrial benefits Policy
• Reimburses and Claims policy

CFO Support Services

A CFO may suggest many types of tactics to make your operations more profitable with regard to your business goals. For example, a CFO may prepare a financial strategy to attract investors in a business.

Package Inclusions for CFO Support:

Management of Finance &Treasury
Risk Management
Performance Management
Operational Excellence
Corporate Governance
Start-up support
Build a financial plan that works
Minimize your business risk and get better Return on Investments
Avoid major financial disasters.

Virtual CFO Services

Digitization has brought out dynamic changes in the way in which businesses work. More businesses worldwide are implementing technologies such as Artificial Intelligence, Data Analytics, and Data-Driven software. Businesses that require financials to be submitted regularly need a finance department. The head of the finance department is the CFO. However, specific businesses do not have the resources to have an in-house finance department. These businesses either outsource the work or use Virtual CFO Services.

Package inclusions:

Virtual CFO Software Services
Budgetary Control Mechanisms
Management of Debtor and Creditor Systems
Calculation of Goods and Services Tax (GST)
Tax Deducted at Source (TDS) Compliance
Human Resource Services
Income Tax Return Services (ITR)
Compliance with Registrar of Companies (ROC Compliance)
Legal Compliance
Management Information System Reporting (MIS)
Other Virtual CFO Services

Financial Consultancy

Wallclock, the top Financial Consultancy in Chennai, assist professionally steering your firm through challenging times while allowing the owners to focus on other critical business issues.

Our team of experts provides financial and management consulting services to assist businesses in increasing their performance. We assess the current state of the organization and devise a strategy for improvement. Our diverse clientele has given our team enough experience to provide superior management consulting services. We have a trained, experienced, and dedicated staff of financial advisors and experts that are dedicated to working meticulously to ensure that all financial-related support and project reports satisfy our extremely high standards.