Dear All, Our small company with 30 employees is based in Chennai and is involved in manufacturing. We are looking to outsource our payroll, which includes payroll calculation, PF, ESI returns filing, and maintaining registers and records as per applicable labor laws.
Consultant Fees and Representation
How much should we pay a third-party consultant for these services? Can we require them to represent the company during inspections related to PF, ESI, etc.?
Regards,
Rao
From India, Hyderabad
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7Consultant Fees and Representation
How much should we pay a third-party consultant for these services? Can we require them to represent the company during inspections related to PF, ESI, etc.?
Regards,
Rao
From India, Hyderabad
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Hi,
Yes, if you wish, you can include a clause in your terms of engagement to have the consultant represent the company during inspections. This is a common practice. How will you present an explanation for something an external expert has done unless you are rechecking everything they did, which would be counterproductive?
The cost of services depends on your location and company size. Costs are generally higher for smaller services like yours. Not being in this field, I cannot provide you with an estimate. Logically, the costs will be similar to having a person in-house, except that you don't need to monitor them all the time or worry about them leaving, etc.
From India, Mumbai
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Yes, if you wish, you can include a clause in your terms of engagement to have the consultant represent the company during inspections. This is a common practice. How will you present an explanation for something an external expert has done unless you are rechecking everything they did, which would be counterproductive?
The cost of services depends on your location and company size. Costs are generally higher for smaller services like yours. Not being in this field, I cannot provide you with an estimate. Logically, the costs will be similar to having a person in-house, except that you don't need to monitor them all the time or worry about them leaving, etc.
From India, Mumbai
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PF & ESI.zip
Presentation PF&ESI.ppt
Exp.and esi pf mis format.xls