Payroll Management can be a complex function, as labor laws around Payroll can be elaborate and vary from state to state. Overseeing the process can be a time consuming, tedious task, primarily if you’re relying on outdated tools like Excel to do all the work. Among all HR apps and frameworks, using HR Payroll Software will explicitly cater to your expectations and increase your company’s productivity to a high level. Automating the entire set of processes around Payroll is the first step towards streamlining your HR Operations and ensuring better statutory compliance.
Payroll Management – Advantages
Payroll Module defines, captures and structures various payroll components like fixed, variable, flexi-benefits and deductions during monthly payroll activity.
Quick and error-free processing and a centralized system for employees from different locations.
Level based benefits administered and changes updated as per employee promotion and job role change.
Create pay structure as per company policy, along with level and location based benefits.
Full & Final Settlement
Online approvals from respective departments for quick settlements and information sent to payroll.
Up-to-date compliances like Taxation and PF and generation of periodic statutory reports.
Flexible Benefits Plan
Role and location based benefits plan can be created and updated during annual increments and promotions.
Income Tax Calculator
Employees can view their income tax calculations online and plan annual investment accordingly.