Compensation, benefits & Payroll

In general practice, every employee is getting motivated with right compensation and benefits beside nonfinancial rewards and good life and work integration. Providing competitive and fair compensation packages is a great way to establish the people are valued in the company. Nexus undertakes this sensitive task with their expertise and create more vibrant and motivated team. This will help to leverage external expertise, streamline processes, reduce administrative burden, and ensure compliance with regulatory requirements. 

Salary and Wage Administration

Nexus develops and implements competitive salary structures and compensation plans based on market trends, industry standards, and organizational budgets.

Benefits Administration

Nexus manages employee benefits programs, including health insurance, retirement plans, paid time off, flexible spending accounts, and other fringe benefits etc.,

Compensation Benchmarking

Nexus conducts benchmarking studies to compare compensation and benefits packages with industry peers and competitors to ensure competitiveness and attract employees also retaining the existing talents.

Incentive Programs

Nexus designs and administers incentive programs, bonuses, profit-sharing schemes, and performance-based rewards to motivate and incentivize employees.

Employee Recognition Programs

Nexus develops and implements programs to recognize and reward employees for their contributions and achievements.

Nexus undertakes the task of payroll process for organizations, offering various services and expertise that help streamline payroll operations including individual tax assessment with strict confidentiality.

By outsourcing payroll processes to Nexus, organizations can streamline operations, reduce administrative overhead, ensure compliance with tax and regulatory requirements, 

Compliance Management

· Nexus stays updated on relevant tax laws, regulations, and compliance requirements related to payroll.

· Nexus ensures payroll processing adheres to tax regulations, minimizing the risk of non-compliance and penalties.

Direct Deposit and Payments

· Nexus facilitates direct deposit payments to employees' bank accounts, offering a convenient and secure method of salary disbursement.

· Nexus ensures confidentiality and data security in handling sensitive payroll information and financial transactions.

Employee Self-Service Portals

· Nexus provides employee self-service portals where employees can access their payroll information, view pay stubs, and update personal details.

· Nexus’s Employee Self-service portals empower employees to manage their payroll-related tasks independently, reducing administrative workload for HR and payroll staff.

Data Management

· Nexus maintains accurate payroll records and generate reports on payroll expenses, tax liabilities, and employee earnings.

· Nexus provides customized reports and analytics to help organizations track payroll trends, forecast expenses, and make informed financial decisions.

· Nexus supports with payroll audits and provide documentation and support during audits conducted by tax authorities or regulatory agencies.