What is Payroll Management System?
Payroll management system is a collective process consisting of several other modules of HRMS and can be used by organizations of all sizes to manage payroll processing. A software which manages salaries, TDS, PF, EMIs, bonuses, etc. as a cohesive mix is payroll management system, and automation enables a clear-cut and seamless functioning. A modern payroll management system entails of the following components to ease the HR team functioning:
- Payroll Compliance in association with ESI, PF, professional taxes, labour welfare fund, loans, EMIs, etc.
- Automated Payslips
- Slab allocation as per the CTC
- Preview payroll before final run
- Paperless and hassle-free functioning
- Seamless integration with other HRMS modules like attendance and leaves, etc.
- Fully automated HRMS solution with availability on-cloud.
- Organizational size adjustable
- Zero ambiguity
- Dedicated managed services
Post Your Ad Here
Comments