Payroll Managed Services for Largest Aircraft Manufacturer
About the Client: Largest Aircraft manufacturer operating in the South regions
Complex Payroll Operations Requiring Immediate Intervention
The client faced multiple operational challenges in their payroll and compliance processes, requiring a comprehensive solution to address systemic inefficiencies and regulatory gaps.
Compliance Gaps & Delayed Remittances
The organization was dealing with a few non-compliances in terms of exemptions and delay in remittance of payroll-related compliances, creating potential legal and financial exposure.
Complex Gross-up Calculations
Multiple Gross-up Pay elements required constant re-grossing up as per changes in tax slab due to changes in income, additional one-time payments, and early termination or resignation scenarios.
Manual Processing of Variable Pay Elements
Manual processing of one-time pay elements computation, including Notice period, Leave encashment, Gratuity, Overtime, Shift allowances, and other variable components led to errors and processing delays.
Multi-Stakeholder Coordination Complexity
Managing multiple stakeholders across different departments and locations without a unified platform created coordination challenges and lacked proper maker-approver workflows for governance.
MYND's Comprehensive Payroll Transformation Approach
We deployed our integrated payroll managed services platform, combining process optimization, system automation, and governance frameworks to address each challenge systematically.
Compliance Correction & Rectification
Non-compliance issues were immediately highlighted through comprehensive audits and corrected with proper exemption calculations and timely remittance protocols, establishing ongoing monitoring mechanisms.
Automated Gross-up Configuration
Multiple Gross-up pay elements were configured directly into the payroll system, enabling the system to deliver computation in Auto mode, eliminating manual recalculations for tax slab changes and variable scenarios.
Complex Pay Element Automation
Manual computations were fully automated, including multiple overtime payment logics, shift allowance calculations, Leave Encashment (LE), Gratuity, and other complex pay elements, ensuring accuracy and speed.
Unified Stakeholder Platform
Implemented a single centralized platform for managing multiple stakeholders with robust maker and approver processes, ensuring proper governance, audit trails, and accountability across the organization.
Measurable Outcomes Delivered Across Operations
MYND's integrated payroll managed services delivered tangible improvements across compliance, process efficiency, risk management, and employee experience.
Compliance Uplift
Achieved improved compliance score across all payroll and statutory parameters, establishing a foundation for ongoing regulatory adherence and reducing exposure to penalties and legal challenges.
Process Standardisation
Established uniform and transparent compliance processes across the organization, creating consistency in payroll operations and enabling better governance through standardized workflows.
Risk Mitigation
Minimised legal and financial exposure through proactive audits, automated compliance monitoring, and systematic rectification of historical non-compliance issues, protecting the organization from regulatory penalties.
Employee Experience
Ensured smooth, timely closure of employee queries through the implementation of a dedicated ticketing portal, improving employee satisfaction and reducing HR workload for payroll-related inquiries.
Why This Transformation Succeeded
Three critical success factors enabled MYND to deliver comprehensive payroll transformation for the largest aircraft manufacturer in the South region.
Automation-First Approach
By automating complex calculations like gross-up pay elements, overtime logic, and variable pay components, MYND eliminated manual errors and accelerated processing times while ensuring computational accuracy.
Proactive Compliance Management
Rather than reactive fixes, MYND's proactive audit and continuous monitoring approach identified and corrected non-compliance issues before they escalated, establishing systematic processes for ongoing regulatory adherence.
Unified Governance Platform
The single platform with maker-approver workflows brought transparency and accountability to multi-stakeholder coordination, replacing fragmented communication with structured processes and audit trails.
Transform Your Payroll Operations Like This Leading Aircraft Manufacturer
Are you facing similar challenges with compliance gaps, manual calculations, or multi-stakeholder coordination? MYND's payroll managed services can deliver the same level of transformation for your organization.
