Crucial Features To Look For In An HR Payroll Management System
HR Payroll Management System is highly beneficial for any type of organization or educational institutions. Accounts department perform various activities such as payroll processing, maintaining salary details of every employee, keeping track of deductions and installment details, etc.
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Devu seo3
SEM, SEO and SMO analyst
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Cogxim Technologies7
Software Development Company
To pick the right tool, it depends on the following factors
Employee count
Salary compensation structure
Attrition Rate (For frequent terminations proration is tough to calculate manually)
Bonus and hikes - Retro calculations
Reports
Pushing the data to General Ledger to mark salaries as expenditure
Form 16, Form 12BB to be provided to employees
ESI,PF challan generation
In case if the need is as simple as payroll calculation for a fixed or variable salary where in there is no dependency on any