Payroll

Why Are Payroll Management Services A Good Thing For Your Company?
Why Are Payroll Management Services A Good Thing For Your Company? 1000 667 Hiren Joshi

A payroll management system has become a major tool that is useful for finance control. It deals with different kinds of business concepts that deal with everyone in the office like the employee’s salary, deductions, gross pay, and net pay among other things. It is popular as it is convenient and easy to use.

Therefore, in many business scenarios, we find many applications of payroll software. It further guarantees an accurate salary processing system. This paves the way for several other benefits. It functions as great human resource software for small businesses.

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4 new HRMS software taking over the market
4 new HRMS software taking over the market 1024 536 Hiren Joshi

Human Resource Management System or HRMS software solution is an umbrella concept for all the HR related issues and activities that a company has to take care of. Starting from the grassroots level of recruiting and training to archiving and maintaining employee records to payroll management system – a comprehensive HRMS software entails everything.

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Payroll Software System
What to expect from a human resource software?
What to expect from a human resource software? 700 400 Hiren Joshi

Human resource software is revolutionizing the way we do business. Human resource software for small business or big techno giants is essential for maintaining an efficient supporting background. HRMS human resource management system can help in improving the overall functioning of the company.

What to expect from a human resource software?

So here a few benefits of human resource management software explained in a clear and concise manner:

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Payroll automation
Payroll automation 300 200 Kanhai Chhugani

Intro: Save time, save effort and stay compliant

Are you still doing manual payroll calculations?

Manual reporting can be extremely time-consuming, tedious, boring and not to forget, prone to all sorts of human errors. Payroll management is a critical internal function. It must be rendered on-time and error-free, otherwise, experts have discovered that it can lead to a lot of staff discontent.

The second main challenge with manual timekeeping is that it can be heavily labor-intensive. From an employee’s punch card, the payroll manager has to extract the number of work hours put in; and then enter those numbers into his spreadsheet to arrive at the entitlement. Making the calculation more complex is – overtime, unpaid breaks, absences, etc. Imagine having to do this for each employee, at every monthly pay cycle! Won’t that be taxing and an inefficient use of a payroll manager’s time, that can be spent on more important, strategic tasks.

EasyHR can help. Whether your head count on your payrolls is 15 or 1500, we can automate your system so you don’t have to rely on manual calculations. It’s crucial for medium and enterprise-level organizations, as in their case, payroll often accounts for 50% of their total budget, according to one estimate.

With global cutback still the order of the day in a recession-recovering world, in order to remain viable and profitable, managers are often confronted with difficult choices. While many businesses have been forced to cut payroll costs by resorting to layoffs, there are those who are taking a more ethical route of cost reduction, simply by streamlining the payroll process with an automated solution, resulting in more accurate time and attendance tracking. This cuts down the wasteful expenditure on weak timesheet controls and human errors, especially in case of companies with staff spread out at multiple locations, at different sites and projects.

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