ADP Payroll Around The World - Payroll in India

Payroll in India

09/13/24 • 34 min

Any company looking to expand their global reach must have India on their radar. With a population of over 1.4 billion people, it’s the world’s most populous country and well on the path to becoming the world’s fourth-largest economy. The country is also very young: 65% of India’s population is under the age of 35. This demographic has shaped work trends on the ground, with a strong emphasis on digitalization and personalizing benefits to meet employee needs. While India presents vast opportunities for multinational businesses, its payroll challenges are unique and require local expertise.

In this episode of Payroll Around the World, we travel to India to explore the world of payroll in this economic powerhouse. ADP experts Rahul Goyal and Ramesh Dayalan share their expertise on running payroll in India and give listeners detailed insight into what multinationals need to know about work and pay in the South Asian country. This includes understanding the compliance regulations around Aadhaar, the world’s largest biometric ID system, and the growing trend of offering employees personalized benefits packages. We also speak to Sindhu, a single mother who’s had to make some career changes in order to accommodate her children’s needs.

Subscribe to ADP Payroll Around the World to stay up to date on all things global payroll. Learn more at https://rethinkq.adp.com.

Follow ADP in India on LinkedIn at https://www.linkedin.com/company/adp-india-payroll-hcm/

Timestamps

Intro [00:05]
What’s exciting about payroll in India? [03:44]
Introducing Aadhaar [06:32]
Sindhu’s story [12:12]
What is ADP doing to help multinationals in India? [20:11]
India’s young workforce and their expectations [23:48]
The importance of financial wellness [25:03]
A “bouquet of pay components” [27:04]
How is ADP promoting financial wellness? [29:17]
Upcoming payroll trends [32:35]

Credits

Executive Producers for ADP: Nicola Smith and Kate Allen
Executive Producer for Storythings: Matt Locke
Recorded, edited, mixed and mastered by: Chris Mitchell
Scripted and hosted by: Luisa Rollenhagen
Guest interview recorded by: Kaukab Shairani
Project Manager: Aimee Perrinjaquet

Hosted on Acast. See acast.com/privacy for more information.

Subscribe to ADP Payroll Around the World to stay up to date on all things global payroll. Learn more at https://rethinkq.adp.com.

Follow ADP in India on LinkedIn at https://www.linkedin.com/company/adp-india-payroll-hcm/

Timestamps

Intro [00:05]
What’s exciting about payroll in India? [03:44]
Introducing Aadhaar [06:32]
Sindhu’s story [12:12]
What is ADP doing to help multinationals in India? [20:11]
India’s young workforce and their expectations [23:48]
The importance of financial wellness [25:03]
A “bouquet of pay components” [27:04]
How is ADP promoting financial wellness? [29:17]
Upcoming payroll trends [32:35]

Credits

Executive Producers for ADP: Nicola Smith and Kate Allen
Executive Producer for Storythings: Matt Locke
Recorded, edited, mixed and mastered by: Chris Mitchell
Scripted and hosted by: Luisa Rollenhagen
Guest interview recorded by: Kaukab Shairani
Project Manager: Aimee Perrinjaquet

Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

Payroll in France

In any global ranking of countries by payroll complexity, France will often occupy the top spot. This is because France offers its residents a high degree of social security, with people entitled to healthcare, a pension scheme, family benefits, and more.

In this episode of Payroll Around the World, ADP experts Carlos Fontelas de Carvalho and Emmanuel Prevost break down the inner workings of French payroll, explain why France is a lucrative destination for businesses despite the complexity, and share their insights from years of experience on the ground. We also speak to Rachel, a Paris-based expat from the U.K. who shares her experience of trying to decipher her first French paycheck.

Subscribe to ADP Payroll Around the World to stay up to date on all things global payroll. Learn more at https://rethinkq.adp.com.

Follow ADP on LinkedIn at https://www.linkedin.com/company/adp/

Timestamps

Intro [00:00]
Why is payroll in France so complex? [03:05]
Keeping up with legal regulations [07:06]
Rachel’s story [10:00]
Helping foreign workers navigate bureaucracy [12:52]
Remaining compliant during the hiring process [15:48]
Noncompliance penalties [17:19]
Reporting requirements [20:33]
What do you love about working in payroll in France? [22:53]

Credits

Executive Producers for ADP: Nicola Smith and Kate Allen
Executive Producer for Storythings: Matt Locke
Recorded, edited, mixed and mastered by: Chris Mitchell
Scripted and hosted by: Luisa Rollenhagen
Guest interview recorded by: Morgan Ayre
Project Manager: Aimee Perrinjaquet

Hosted on Acast. See acast.com/privacy for more information.

Next Episode

Payroll in the United Kingdom

The United Kingdom is a crucial launchpad for international businesses, with a globally renowned financial sector and home to the world’s most widely used legal system. While this makes the U.K. an appealing destination for multinationals, payroll professionals must also be aware of the country’s complex minimum wage and holiday pay laws as well as rapidly changing regulations.

We’re joined by ADP experts Sirsha Haldar and Ben May as they guide us through common compliance pitfalls and U.K. payroll regulations in this episode of Payroll Around the World. We’ll cover how minimum wage in the United Kingdom isn’t just about paying someone the correct hourly amount, and how holiday pay can quickly become confusing for seasonal and part-time workers. We also speak to Roberto, a minimum-wage employee at a cinema in London who takes on various roles at his job, which leads to regularly switching between different pay categories.

Timestamps