Glam Media is the pioneer of vertical media-a revolutionary new media model that combines flagship properties with curated publisher sites and their passionate, engaged audiences.
By pairing 1400+ publishers worldwide with their own large and growing properties: Glam.com for women; Brash.com for men; and Tinker.com for real-time conversations on social media sites across the Web, the vertical media model enables premium brands to connect with millions of passionate audiences online.
Collecting investment declarations
Glam India's payroll was done in-house by the finance department. The payroll process was in a disorganized state and there was a lack of understanding on PF and other statutory matters. The calculations were incorrect and filing of statutory dues was not done.
TopSource Worldwide took over the payroll for Glam India in a short period of time
To make matters worse, their payroll person was long term sick and eventually had to leave the organization at short notice. Their Finance departments had to deal with a lot of payroll related queries and interaction to collect investment declarations and other documents. Glam India approached TopSource Worldwide to provide a comprehensive payroll solution that needed to be delivered on time, accurately and be able to respond to their growing needs. TopSource Worldwide took over the payroll for Glam India in a short period of time.
Submitting investment declaration
TopSource Worldwide set up proper CTC structures and assisted HR in putting policies in place. Guidance was provided on all statutory matters, especially PF. A process was put in place to capture investment declarations from employees that assisted them in getting maximum benefit in reduction of tax. An online web portal provided access to employees to submit investment declarations and modify them as and when required. TopSource Worldwide has demonstrated flexibility in its relationship with Glam India by helping them restructure its compensation plan and executing its one-off requirements.
Glam India has reduced it risk due to payroll liabilities by handing over the payroll processing to experts. They have also eliminated the risk of issues caused due to employee dissatisfaction with payroll and are now getting their payroll reports on time and accurately. They also have the added benefit of a flexible service provider to meet their adhoc reporting requirements.
