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Executing payroll on time is an essential part of an HR professional’s duties. One has to make ensure that the workers get paid in a timely manner otherwise you’d end up being inundated with complaints (and you’d most likely want to avoid that scenario, no?). You’d be pleased to know that most modern HR solutions come preloaded with a payroll management system. Let’s find out how a payroll management system goes beyond simply cutting down on menial tasks, smoothing out your onboarding process, and ensuring payments are quick and accurate, shall we?
A good payroll solution helps cutting down on errors that may occur in the manual filing of payroll. It helps calculate correct deductions, overtime pay, PTO, and commissions that affect an employee’s pay. Moreover, there’s no risk of mistyping a number or copying incorrect data as you won’t be entering data manually.
This is one of the major benefits of implement a payroll management system as it automates repetitive tasks such as inputting data, managing leave requests, or sorting through overtime request.
Keeping employee payroll data on spreadsheets isn’t secure. By switching to an automated payroll solution, you can safeguard your data through encryption, password protection, and other defenses. This will ensure that no one can gain access to the data except you or your team members.
Filing taxes is not a piece of cake, especially in India. Every year rules are tweaked, new provisions are implemented which can prove to be cumbersome to keep track of, not to mention time-consuming and costly. A top of the line payroll management solution keeps on top of all these changes in tax policy, calculates the correct tax amount due as well as adhering to deadlines for individual employees.
Payroll software worth their salt come equipped with an employee self-service system that allows employees to view and download their salary slips, edit their personal info, file reimbursement claims, apply for loans and advances, as well as leaves.
A good payroll software solution is a one-time investment that’ll help you execute a multitude of tasks including but not limited to calculation of employee salaries, reimbursement management, loans and advances meted out to employees, calculation of overtime, bonuses and gratuity, tax declarations, salary slips, as well as full and final settlement of employees. All of the above-mentioned tasks can be automated saving a ton of paperwork, time as well as headache for HR. And as it’s rightly said, time saved is money saved.
So there are a plethora of payroll solutions in the market but one of the best payroll management solutions in the Indian market is Webtel’s HR Pearls. It offers a ton of features such as salary calculation, reimbursement management, loan & advance management, overtime management, bonus calculation, full & final settlement along with a host of other modules that’ll help you carry out all activities pertaining to payroll.
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The question here is, whether your Payroll Management System is helping you for an effortless management of payroll operations. If yes, then it's excellent, but, if not, then transform your business with Best Payroll Management System in India - HR Pearls.
HR Pearls by Webtel is a complete HR management solution, trusted by leading businesses in India. Till now HR Pearls have helped businesses all over India to transform their HR & payroll management techniques.
If you also want to make payroll processing of your company effortless, then, get a free demo of HR Pearls by clicking on the button below or simply drop an email to firstname.lastname@example.org
To know more about HR Pearls, visit Webtel's HR Management Solution.