Highlights
- TCS Chroma’s Talent Pay streamlines claim processing with a uniform approval process aligned with organization policies along with managed payroll.
- Benefit management attracts and retains top talent with tangible benefits, setting organizations apart from competitors.
- Compensation management enables planning, control, and distribution of compensation by benchmarking against market data for competitiveness and equity.
On this page
Overview
Seamless compensation and managed payroll
Managing employee expenses, benefits, and compensation shouldn’t be complex—it must be smart, effortless, and compliant. The Talent Pay of the TCS Chroma HRMS suite delivers a fully integrated solution that optimizes financial operations, ensuring accuracy, transparency, and compliance with labor laws.
The Talent Pay streamlines claims processing with a uniform approval process aligned with organization policies. Its AI-driven outlier detection speeds up verification and disbursement, saving valuable time. The benefit management component attracts and retains top talent with meaningful benefits, differentiating your organization from competitors. Compensation management enables planning, control, and distribution of compensation by benchmarking against market data for competitiveness, fairness, and equity.
TCS Chroma: Talent Pay visualization
Components
Expense management :
- Claims management: Streamline expense claims with real-time tracking
- Outlier detection: Use AI-powered insights to identify anomalies
Benefits management :
- Food coupons and benefits: Provide tax-saving meal vouchers and flexible benefit plans
- Employee loans and advances: Simplify loan request processing and tracking
- Insurance processing: Automate premium deductions and manage employee insurance policies efficiently
Compensation management and payroll :
- Compensation budgeting: Plan and allocate budgets for increments, incentives, and bonuses
- Letters generation: Auto-generate pay slips, tax documents, and compensation letters
- Provident fund and tax compliance: Automate EPF, professional tax, and other statutory contributions
- Labor welfare compliance: Ensure alignment with legal standards for employee well-being
Managed payroll:
- Integrated payroll: Enable a touchless payroll system encompassing the payroll setup, pre-payroll process, payroll processing, post-payroll activities and payroll-related compliances
- Payroll setup: Set up the required legal entities for payroll processing, establish employee grades and pay structures. Configure company specific payroll business rules
- Payroll Management: Manage changes to employee pay structure due to life cycle events, increments, and so on. Capture deductions including third party deduction like LIC, club membership
- Compliances: Calculate employee income tax relevant to statutory laws, generate pay slips and tax computation sheet. Generate monthly/quarterly income tax filling reports as per pre-defined deadline
TCS Chroma: Talent Pay visualization
Features
Optimize financial operations. Maximize employee satisfaction. Drive business impact.
- Ensures consistent organization policy for employee expense reimbursements
- Rapid and simplified claims submission
- Real-time budget utilization tracking
- Balanced mix of monetary and non-monetary rewards
- Faster business benefits and improved ROI
- Single point of accountability
- Multi-directional benchmarking using salary survey insights
- Better planning and control of expenses to ensure compensation stays within budget
Benefits
- Minimize errors and enhance efficiency
- Gain actionable data-driven insights
- Automate compliance
- Secure and scalable platform
Transform payroll management with TCS Chroma’s HRMS suite—where finance meets automation for a seamless experience.
Get in touch today and discover how TCS Chroma HRMS can streamline operations, boost employee engagement, and future-proof your workforce.
