An HR Payroll software is a system through which the HR personnel do companies manage the salaries of their employees.
With the help of HR Payroll software, the HR team can manage various employee salary-related functions such as salary deductions, salary,
and allowance management, payslips generation, in a systematic, professional and organised manner.
Today, Human Resources forms a crucial aspect of every business and business growth and management.
With continuous developments and technological advancements in the working world, employee management and record/task handlings have biome tedious for HR teams.
To make the working of their HR team easier and for a smooth workflow within the organisation, businesses have linked their HR activities with their payroll system giving birth to HR Payroll software.
What Does An HR Payroll Software Do?
An HR Payroll software integrates HR activities with the payroll software for providing a superior level of task management for organisations. Activities such as:
a.Employee Payment & Tax Filing
b.Keeping Track Of Working Hours
C. Tracking Attendance
e.Printing and Delivering Paycheck
f.Completing Direct Deposits
How HR Payroll Software Influences Your Business:
- Timely Payments
HR Payroll systems are not only for correcting errors and discrepancies.
Employee payment is another very significant function of your HR Payroll systems, timely payments boost employee morale and confidence, enticing them to work hard and better,
thereby having a positive influence on your business. These systems streamline and automate direct deposits procedures, making timely payroll easy and uncomplicated.
- Eliminates Payroll Errors
Manual Payroll calculations can cause several payroll errors and problems. It is HR’s responsibility to head the payroll function, and manually calculating every employee’s payroll can be exhausting, error some and tiring. Nobody notices payroll unless there is an error, and addressing those errors can be time-consuming and stressful. Installing an HR Payroll system eliminates these errors, resulting in a simple and smooth payroll calculation process.
- Employee Self Service
Employee self-service options make life easier for HR personnel in companies. Via self-service employees have complete access to their personal information related to pay history, deductions, worked hours, benefits and time-off requests. Employees can automatically request changes, review information instead of having to contact the HR department directly.
- Strategic Planning
Payroll software forms an important aspect in strategic planning and decision making of your company. It provides important information, helping your HR management take important decisions on financial matters and finalise important matters. The software can also predict future payroll finances, and helps the board to state future goals and objectives, directing the organisation in the correct path.
- Effortless Record Keeping
Record keeping with manual payroll systems can be difficult and cause many problems in your business’s day to day workings as it requires lots of files and paperwork. Record keeping with payroll software becomes effortless as all files are stored electronically and can be accessed, deleted or updated in the push of a button.
- Easens HR Work Procedure
HR is burdened with tons of work procedures. Payroll system eases out HR work procedures by:
a.Erasing payroll errors and simplifying payroll calculation
b.Overtime management. Payroll systems track employee hours, after employee work time is over, the extra/overwork time gets added to their overtime account automatically. Easily auto-fetch both regular work time and overtime information for calculation of payroll.
c.Managing Rate Charges. Unseen changes in costs and rates form a big challenge for the calculation of payroll. A payroll software simplifies it by offering mid-period rate changes and calculating on the HR Team’s behalf. Once the calculations are completed, get them verified by your employees and carry out future transactions.
Payroll Software India
3Equals offers affordable, high-quality, safe & secure HR Payroll Software in India.
Why Invest in 3Equals Payroll Software:
- Tax Form Filling Support
- Generate Quick And Precise Payslips and Reports
- Highly Affordable And Easily Updated
- Credible To Install iN-House Software
- Integrated With Tax Reporting Tools