Payroll is a multi-layered business process. Contrary to the common misconception, it is not just about disbursing paychecks on time, but it also entails extensive amount of statutory compliance and tax management framework to deal with.
Come the last week of every month and you are sure to witness HR folks running helter-skelter in an attempt to process payroll. For most of the human resources personnel, it is often a chaotic period of the month.
Here are three quick yet clever ways HR can leverage to simplify the process. No rocket-science required:
1. Get All The Policies On The Right Foot
The Indian payroll as we know is a bit complex, since it entails multiple reimbursement regulations and benefits. Nevertheless, it is important for the HR to define all the policies clearly. Segregate your staff into diverse groups followed by aligning respective compensations for every group. This would take tons of load off your shoulders. Nowadays, most of the human resources personnel resort to cloud based payroll software to centralize and manage all the employee data at the click of a button.
2. Automate Time/Attendance
If your employees are still signing in the muster, then you certainly must be experiencing inaccuracies and inconsistencies in tracking attendance every month. As we know that attendance is the basis of calculating salaries and thus, if you want it to be done the right way, then attendance tracking has to be error-free. Having an automated attendance management system will help you handle this in a seamless and hassle-free manner. In fact, a cloud based attendance tracking system even allows remote employees to clock in and clock out from multiple locations. Most importantly, creating critical attendance, HR MIS reports and timesheets become cakewalk when using automated attendance management software.
3. Efficiency is the Epicentre
If you automate attendance and your policies are lucid enough, the next crucial thing to do is to integrate these with your payroll. And nothing can work best than a payroll software here when it comes to integrating these two and running the entire process in a manner like never before. Yes, using a centralized and cloud based payroll software makes the entire process a lot more efficient whilst curbing errors thus, paving way for a redundant-free paychecks.
Payroll needs may evolve as a business scales. Thus, it is advisable to have a scalable payroll solution that can accommodate the growing payroll needs of your business.
To find out how a cloud based payroll software can provide an upper hand to your HR, contact us or SMS SAGE to 56767. You can also write to us at firstname.lastname@example.org or simply give us a shout-at Twitter or Facebook.