Businesses are as much about products and services as they are about money. Handling their internal financial matter has become a multi-faceted task for businesses today. It now involves payrolls, international tax rules, compliance management, multiple tax filings and more. Getting specialized service providers for the same has now become imperative for companies.
Addressing the financial as well as HR requirements of companies for their seamless performance is ABS Business Services Pvt. Ltd. The firm is an exciting new venture in the booming human capital industry, driven by India’s prominent HR services leaders. After getting massive support and trust from the clients from all strata of the industry, for its group/parent company Right Advisors Pvt. Ltd. ABS was founded in 2015 to provide Contractual Staffing Services, Pay roll and Compliance Management, Bulk Hiring and Field Mobility Solutions to our clients.
The company’s vision is to provide temporary and flexible workforce solutions encapsulating end-to-end staffing needs. In today’s scenario, organizations want to focus on the core areas and want to stay away from legal issues. Hence they are trusting and opting Contractual Staffing over Permanent Recruitment.
The company is bootstrapped and has seen a vertical growth since inception. Year 2020-21 is going to be a landmark in the Company’s journey as it looks to expand its business aggressively with making its national presence stronger and plans to enter into the unorganized unskilled manpower services.
The Director, Shalu Singhal, is a qualified Chartered Accountant and Company Secretary with more than 18 years of work experience. Here, she shares details about the workings of the company and how it has been standing by its Global clientele, helping them create and deploy customized solutions. Shalu has worked with companies like ICICI Bank, KPMG and Deloitte, prior to starting her own venture.
The experience and knowledge of the founders helps the clients to be Law Compliant in the same cost. Their varied background from the fields of HR, accountancy and law plays a vital role in providing solutions to the clients.
ABS Business Services is a one stop shop for all HR needs from HIRE to RETIRE. Our clients don’t need to look for different partners for their HR related needs.
Please list the popular products/solutions that make your company standout from the competition.
End to End Technology based process. Competitive pricing with better and streamlined operations. Flexibility and customizable business models to adjust clients’ needs, expert and knowledgeable team give us an edge over others. We visualize, plan and create personalized solutions before we deploy them. We are adept in formulating and aligning solutions with the company’s strategy and operate with a focus on value maximization and growth. We provide ESS models and mobility tracking solutions. Our in house IT team can devise any IT solution as per clients’ needs. We follow maker and checker concept to run pay roll and compliance.
As the Director, what is your opinion on the impact of the current pandemic on the payroll services market and other industries in general? Â
It’s not hidden that the pandemic has hit the economy severely and it will take another couple of years for businesses to return to normal. At the same time, it is also true that organizations have started looking for better, efficient and cost effective methods to manage their manpower and the overall productivity. This gives us the staffing industry, a leverage to offer project based, need based, time based solutions to the clients. Companies can scale up and scale down their businesses as per the requirement and situation – this is the best advantage of staffing. The same manpower can be engaged in another project with another client any time. This gives job security as well as cost effective solution, both.
How necessary do you think it is to align business with the latest technology?
Very important. Especially during these difficult times, technology has become the backbone of many businesses. Covid-19 has given many lessons and it will change the course of businesses forever, for good. More and more use of technology will become a part of everyone’s life.
How do you envision on sustaining your company’s competency in this ever-cutthroat and volatile business ecosystem?
The best way to succeed in this cutthroat and volatile business ecosystem is to go your own way, the new way! We don’t try to compete with any company. We focus majorly on delivering business satisfaction, not services, to our clients. Flexibility, customized solutions and cost-effective models are the key to sustainability.
As an established business leader, what would be your advice to the budding entrepreneurs aspiring to venture into the payroll services industry?
I would advise them to understand and study the market conditions thoroughly and accordingly make customized plans for their customers. Staffing Industry is still doing well and has huge potential in future too. Systematic approach, step by step planning are the keys to success! Our important mantra is to find a solution to every problem.
