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The Benefits Of Implementing Payroll Software In An OrganizationThe Benefits Of Implementing Payroll Software In An Organization

Relax with our payroll software

Human resource is important to any organization and to keep them happy and upbeat is the job of the HRD and if HR department is busy in calculating payroll, and salary related work then it takes a hit on the overall health of the organization. By saving time the HR is now more dedicated to other core areas of HR like recruitment, appraisal, employee motivation programs and other productive activities.

Payroll software has taken burden off the HR shoulders and made payroll very easy task and "anybody can do" task. Payroll Software many times also referred as salary calculator not only helps in payroll related tasks but also assist the finance department of the organization with various reports. These reports help in determining the payroll outgo department wise/ branch wise/ employee type wise etc. Payroll software has taken burden off the HR shoulders and made payroll very easy task and "anybody can do" task. Payroll Software many times also referred as salary calculator not only helps in payroll related tasks but also assist the finance department of the organization with various reports. These reports help in determining the payroll outgo department wise/ branch wise/ employee type wise etc.

Leave records are mandatory to be kept as per government regulation and for this employer needs to maintain leave records for each employee on an annual basis and for each employee in the organization on a monthly basis. On top of this leave encashment is to be done on the payable days monthly or annually. These activities drains out HR's energy and the HR takes a lot of time to do these non-intelligent and non-productive tasks manually. A good payroll software helps in all this, it will automatically leave record of each employee and generate monthly leave report as per rules and thus HR's time is saved.

Features of Payroll Software

With the advent of SAAS based software online payroll software has made job of HR very simple. The employees now don't have to necessarily depend on the HR for salary slips, form 16, leave balances and other reports. The employee himself can log in to employee portal and download all the related documents. Moreover, employee can apply his leave application from the employee portal itself. This has made organization agile and productive and decreased the friction between HR and employees. With complex payroll software one can also generate provisioning reports on various factors like gratuity provisioning, on leave encashment, on salary increment etc.

One can also implement complex formula in the payroll software, including conditional formula. Say for example, if an organization wants to give an attendance bonus to employees having no leave and a lesser bonus for say one leave, then it can be implemented as a conditional formula in the payroll software. Similarly, if late coming charges are to be deducted from the employee salary, then it can be made simple by providing late mark data from attendance and implementing conditional formula.

by Sunil Agarwal
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Article is about The Benefits of Implementing Payroll Software in An Organization.
Reference from-http://intellipayroll.com/

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