Payroll Software Makes Thing Easy for HR
Mar 16 2012 06:24
Time is precious and so is the cost you
put behind to complete some work in an organization. Human Resource
management or HR, in all aspect of an organization holds an important
place in an organization as everything related to the employees, be
it recruitment, ESS, PF, reimbursement, ESI reports, taxes and other
things is handled by the HR department of the company.
For large organizations, they can put
extra resources and cost behind the management of HR. However, for
midsize and small organization where cost and time means profit to
the company, you need to cut down on the HR cost as well as employee.
It is hence advisable to you to outsource or find an alternative to
the non-core activities like payroll. The HR & Payroll software
has come to rescue you from the tedious job of calculating the taxes,
employee’s salary, advances, PF and other subsequent activities of
HR department.
The biggest question is how a
Payroll software works – handling, and how HRs can benefit from
using the software?
Payroll software is a web-based
solution to for the payroll activities which isn’t the core
function of an organization. In small and midsize organizations, HR
has to look after too many things and putting HR to manage complex
Payroll activity means the organization is losing on the more
objective functions of the company.
Marking attendance, calculation of
Salary Components, generating Pay-slips, PF reports, ESI reports, Tax
calculations and reports is what Payroll software can easily manage
and process for the HR.
Payroll Software manages:
Tax calculation
Pay slips
Attendance count
ESS (Employees Self Services)
ESI reports
Leave Applications
PF calculations
Gratuity
Income tax deduction
Keeps a count of bonuses
Reimbursement records
Other data and record regarding
employees
The benefit or advantage of having the
web-based Payroll software is that it is easy to handle and it
doesn’t require to be installed on the user’s system. You can
manage and access it from anywhere in India. The software manages,
processes and generates employee’s details and is genuinely capable
of payroll processing of mid-size and small organizations.
The other advantages of payroll
software which most of the HR will find a greater help is that of
importing the records whenever required. They can easily import the
Employee Details, their Salary Structure, Attendance, Tax Documents,
other Tax Details, structure of the salary, ESI, HRA, previous salary
and other needed information about the employee.
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