Functions of HR Payroll System

Functions of HR Payroll System

  HR Payroll System

HR Payroll system is mainly referred to a list of employees that receive compensation from a company.HR Payroll system is a team used to describe the payroll function that fall under the umbrella of human resource.HR Payroll system helps HR professionals with the identification and selection of the Human Resource Information System.
The main function of the Payroll system is including automatic calculation of deductions for withholdings, like taxes, insurance, and retirement contribution. The main function of HR Payroll System is managing people within the organization and also responsible for calculating reimbursements, bonuses, overtime and holiday pay. The primary responsibility of the human resource department is, hearing the new employees and this involve attracting the right candidates for available positions.

Functions of HR Payroll System:

  • Payroll process is one of the single largest expense for most companies; it is very efficient and reliable.
  •  Payroll system used to simplify and save some labor time.
  • There are different types of payroll systems, HR will be take that option  based on assistance that you need with payroll
  • The payroll department is taking care of wage deductions; maintain the record and verifying the reliability of pay data.
  • Mainly function of payroll involves balancing and reconciling the data, Delivers payroll checks, Depositing and reporting taxes.


How to avoid payroll errors?

  • Track the leave start and end dates in employee record.
  • Check or ensure the all employee’s data are correct.
  • Check the employee’s insurance premiums.
  •  Review and maintain the report of processing payroll for employees. 

Enterprise Resource Planning Software Features

Enterprise Resource Planning



Enterprise Resource Planning is business process management software. It allows the organization to use a system of integrated applications and help the business to manage and connect information from all core area of the organization, and it helps to improve the effective decision making, and back-office functions and human resources. In this ERP have different types of modules now we introduce our topic is the HR Payroll system in Enterprise Resource Planning. ERP software can improve productivity, and increase efficiency and decrease cost.

Enterprise Resource Planning software has some features they are;

Mobility:

Mobility is one of the advantages of Enterprise Resource Planning, it will be used to access the centralized database from anywhere you work, like Home or office etc.. It is a mobile friendly application.

Cost Savings:

Enterprise Resource Planning application software is reduced to administrative and operating costs. In this application helps to make a decision more quickly, and it will allow manufacturers to proactively manage operations, breaks up information logjams.

Integrated Information:

Enterprise Resource Planning software is one of the integrated applications. It will help to more issues in spreading across the separate database. All information will be stored in a single location.

Security:

Data Security is very high in Enterprise Resource Planning application. Data Restrictions can also be enhanced by managers of solutions, so you can make own software as secure as you would like.

Customer Service:

It provides high-quality customer service using Enterprise Resource Planning application. It will base on work wise ERP solutions, and it will help people can interact with customer service through better and improve the relationship.

Advantages of Enterprise Resource Planning:

ü  Advanced e-commerce integration is possible in Enterprise Resource Planning.
ü  ERP System provides a better visibility on companywide, and hence enable faster collaboration across all the departments.
ü  ERP system makes it easy to track the orders and inventory tracking and sales forecasting and related activities.
ü  It is possible to integrate other systems to ERP system through an API(application program interface).

employee database management software

Employee Management Software: WIN HRM Payroll is a powerful Cloud-based Employee Database Management Software Provider in India. WIN HRM Payroll Employee tracking Software simplifies employee management and reporting. Easily manage payroll, employee leave, attendance in a single dashboard.

Collect and store all your employee data place in one Centralized Database,With Excellent employee database management software, the user can easily track the Employee Leaves, Attendances, Time Sheets, and more.
  • User-friendly and organized Profiles

  • Data Securely on the Cloud
  • Unlimited cloud storage

List of HR and Payroll Software Companies list

Are you looking for a HRM and  Payroll software company that fits your business needs?
If yes, we are here to help you. This article provides 10 top payroll software companies in the market.


Below are the leading payroll software companies in 2018?

  1. WINHRMPAYROLL
  2. Gusto
  3. OnPay
  4. Keka HR
  5. ADP Workforce Now
  6. XERO
  7. Dayforce HCM
  8. Wave
  9. ZENEFITS
  10. Sage HRMS
      


In small and medium-sized companies, the HR staff have to process payroll which increases their workload
the calculation of each employee’s salary can be difficult as you have to consider their pay scale, variables, deductions etc

Top 10  Payroll Software Companies in 2018

Gusto:


Free hrms software
Pricing: Gusto has 3 pricing packages:

  • Core Plan: $39/mo base + $6/mo per person -Full- Payroll Services.
  • Complete Plan: $39/mo base + $12/mo per person -Full- Payroll Service + Advanced HR Tools
  • Concierge Plan: – $149/mo base + $12/mo per person- Full- Payroll Service + Advanced HR Tools + Certified HR Advisors


OnPay:

free hr payroll software


Pricing:

OnPay has a simple pricing scheme.
 Your first month is free and after that the base fee is $36/month for online payroll. Each user costs $4/month will be added to the base fee. 

Keka HR:
best free payroll software

Pricing: Keka HR offers 3 pricing plans:
  • Foundation Plan –$74 Or  INR 4,999/month for up to 100 employees. $0.44/ INR 30/month per additional employee.
  • Strength Plan – $104 / INR 6,999/month  for up to 100 employees. $0.89 / INR 60/month per additional employee.
  • Growth Plan – $148 / INR 9,999/month for up to 100 employees. $1.33 / INR 90/month per additional employee
ADP Workforce Now:

employee database software

Pricing: ADP Workforce Now’s pricing info is available only on request. Contact their official sales or support to get pricing details.

XERO:




top hr software

Pricing: Xero offers a 30-day free trial and 3 pricing packages:
·         Starter Plan – $9/month
·         Standard Plan – $30/month
·         Premium 10 Plan – $70/month

Dayforce HCM:

complete hr software

Pricing: Dayforce HCM pricing info is available by quote only. Contact the company to get a custom quote for your specific needs.

Wave:

best hr software in india

Pricing: Wave is absolutely free to use. The company offers paid payroll and credit card processing services in select countries.

Zenefits:

payroll processing software

Pricing: Zenefits offers 2 pricing packages:
  • Standard Plan: monthly contract -$40 base fee/mo + $6/mo/employee (or) annual contract - $5/mo/employee
  • Advanced Plan: monthly contract- $40 base fee/mo + $12/mo/employee  (or) annual contract - $9/mo/employee 
Sage HRMS:
list of payroll companies


Pricing: Sage offers tailored pricing plans for the needs of each client. Contact the company for more details.


WINHRMPAYROLL:
top 10 payroll software in india

Pricing: WINHRMPAYROLL  has 3 pricing packages:
  • Silver Plan: One Month Free Service
  • Gold Plan: INR 2000
  • Diamond Plan:- INR 3000/month.






Cloud HRM And Payroll Application with one month free trial

Cloud HRM And Payroll Application with one month free trial

Manage every aspect of employee information, like salary and employee benefits. Process payroll quickly and efficiently and print payroll checks. Ensure full tax compliance and completely manage government reporting. Maintain real-time workflow communication by automating customized messages to clients and customers as well as employees for specific system events, via email, on-screen messaging or SMS.

  • Organizational Management
  • Employee Management
  • Record the job details for the employees
  • Time and attendance management for the employees
  • Leave Management System
  • Integrated Approval System
    • Payroll Processing(Project / Non-Project Based)
    • Calculate taxes and other deduction as per the Indian tax law
    • Compensation and benefits
    • Payslip with Leave & Loan details

    • Employee Login
    • Role-Based Information Access
    • Transaction provision
    • Broadcasted message & Links provision
    • Notifications from Administrator to Employees





    Advanced HRM and Payroll Software

    Advanced HRM and Payroll Software

    Winhrmpayroll is the world’s most popular HR management system.
    Today Winhrmpayroll is used across India from Start-ups, SME’s and large multi-national corporates.
    Winhrmpayroll is a Cloud-based secure edition, a professional edition, and an enterprise edition.
    Winhrmpayroll offers HR management, Payroll Management, leave management, time and attendance management, performance management, recruitment, and many other HRM components all in one user-friendly, robust Cloud-based solution.
    REQUEST A DEMO – https://goo.gl/MNxmUc

    Advanced HRM Software Solution with WIN HRM PAYROLL

    WINHRMPAYROLL  is a complete cloud HRM software for end to end HR Management Processes. With its scalable and robust payroll processing along with automated HR Solution, shun the necessity for thorough going work and spreadsheets. Formula based mostly earnings and deductions feature of Winhrmpayroll HRM software helps you get eliminate payroll connected redundancies permanently.

    The human resource management system combines various systems and processes that are used to connect the human resource management and the information technology. The use of Human Resource Software (HRM)in becoming increasingly popular in many organizations due to the many benefits this technology offers.
    Features of an ideal HRM Software Solution:
    Payroll Management System:
    Payroll management system is AN accurate and productive system for integration with the employee database with the payroll Information. this Process helps in managing the payrolls of assorted Employees as per their individual operating hours. this Process allows you to make changes within the figures and scheduling of the payouts. 
    Leave Management System:
    The leave management system is a crucial a part of HRM Solutions. It permits the HR professionals to profitably manage the leave policy and helps the Employees with the clear leave application system.
    Features of WIN HRM Payroll Software:
    • Automated payroll management system
    • Track over leave entitlements
    • Increase workforce productivity
    • Detailed review of employee performance
    • Detailed view of employee database with electronic storage
    • Smarter workforce
    • Automated benefits and reimbursement management



    Automate Your HR And Payroll From Hire To Resign

    Automate Your HR And Payroll From Hire To Resign

    Winhrmpayroll Software gives you a Complete Hire to Retire Solution. We have only one aim to provide world class HR solutions, to meet out 100% client needs. If you are looking for a complete Cloud-Based HR Software, then WINHRMPAYROLL is one of the best HRMS for small, medium and large organizations. We are making human resources management smarter and more efficient than ever by targeting all fields including recruitment, leave management, employee records, Payroll Process, and much more.
    Winhrmpayroll software contains lots of features which are following:
    • HRM and Payroll Software easy to use and manage.
    • It is fully customized software.
    • Fully secure and has future enhancement capabilities.
    • Future Rich & Affordable Software
    • 24/7 Availability.
    attendance
    Cloud Payroll Management Software

    Cloud Payroll Management Software

    Pay Slip

    Payslip includes Pay Category Details like Salary Code, CTC, Variable, Fixed, Professional Tax and type of salary (Earning/Deduction).
    Statutory Compliances
    Statutory compliances contains different panels like ESI (Amount which comes under ESI applicability, employer contribution to ESI (%).), PF(enter the amount which comes under PF eligibility), professional tax etc..

    Full & Final Settlement

    This is used to define the reason behind the Resignation by the employee. This list will reflect in the activities and process of the full and final statement.

     



    Statutory Compliances

    Provident Fund – PF

    Employer PF percentage and component selection is setup based and employee PF amount 12% will be calculated on basic component. Both contribution amounts will be deducted from the ctc every month.

    Employee State Insurance - ESI

    ESI amount will be calculated 4.75% from employer side and 1.75% will be calculated from employee side. These amounts will be calculated on monthly gross and limit can be set up based. If the gross amount is less than the setup limit amount those people will eligible for ESI.Both contribution amounts will be deducted from the CTC every month.

    Income Tax (TDS)

    TDS will be calculated on CTC. Slabs will be defined based on age and CTC ranges this will be reflected in the tax part. The user can check declaration form multiple times in their perspective. Actual is the final one to submit the documents and file the income tax to the government

     

    Profession tax (PT) For Most Indian States

    This slab used to set the professional tax for state wise with salary ranges. PT amount will be deducted from the salary every month based on salary ranges define in the slabs.


    How to reduce the HR functions cost

    How to reduce the HR functions cost

    How to reduce the HR functions cost

    In a challenging economic scenario, it is imperative to reduce costs while increasing employee productivity. To achieve these basic goals HR must revisit its policies make changes whenever and wherever possible. However, before examining other departments and functions they must try and identify the ways and means as for how to reduce the HR functions cost?
    HR professionals can strategies in multiple ways to cut HR costs before it becomes an issue. The same can be attained without sacrificing employee satisfaction or threatening any employee retention. Below mentioned are some successful strategies to cut HR functions cost and while improving employee productivity.
    Risk Management:
    Minimize risk by human resources outsourcing. There are several firms those who perform outsourced work.  The ever-changing employment and labor laws can make things difficult for employers to remain up-to-date on regulations that affect the workplace. Outsourcing firms employ HR professionals whose purpose is to stay abreast of numerous central and state employment laws. HR firms maintain and audit company policies and practices to ensure the organization and its employee's best interests remain protected.
    Hire & Retain Top performers:
    High employee turnover can result in considerable costs and loss of productivity. This also saves cost involved in training. Statistics reveal an employer loses about six days of productivity due to attrition of a tenured employee. To avoid high turnover without increasing costs significantly, conduct periodical evaluations of every staff performing HR activity.
    Improve Training And Mentoring:
    Appropriate training and mentoring is the key to reducing costs in HR functions. Appointing a supervisor with poor knowledge can cause internal conflicts within the HR team and within the organization. HR supervisors need to train its staff so that they understand every finer nuance of the organization and organizational policies right from hiring to training and mentoring.
    Process Automation:
    Process automation is one of the best ways to cut costs. Automating manual processes, like providing an employee portal can help streamline processes related to employee requests. Digitizing documents such as employee handbooks can eliminate copying costs and make distribution easier. Such modern human resources strategies can truly help.
    Process Outsourcing:

    Several organizations have moved some in-house HR functions to an external service provider. This helps in cutting costs of HR functions drastically. Most of the HR related and operational expenses are saved by outsourcing few HR functions. 

    10 Leadership Skills in Human Resource Management


    10 Leadership Skills in Human Resource Management


    Human resource professionals must inculcate the habit of leading from the front. They could be involved in multi-disciplinary roles in an organization. To attain maximum growth and successful human resource professionals must tap the intrinsic skill of each employee. Human resource managers must be champions in recruiting the right resource, planning, and coordination, supervision, and handling staff issues. They should also possess ancillary skills like developing training modules, learning and development modules must be champions of performance management, change management, and employee management.

    Below mentioned are the top 10 mandatory leadership skills essential for driving organizational success.

    1. Ability to Lead:

    A leadership skill that is must for every HR professional is the ability to lead. An HR leader should set his vision and share it with employees that will inspire and bring the best out of them. An HR leader should motivate his employees to attain the organizational objective. He / She should instill faith among employees that if they achieve their goals they will be rewarded. The employees should be motivated enough to have a sense of purpose.

    2. Effective Communication

    All HR leaders are good communicators. They must understand how to get their point across. They must explain the company’s vision to their employees; explain tasks and how it is to be done. He / She must facilitate office communications and conversations. HR Leaders must also be able to communicate a job requirement before someone is hired and explain the reasons in case someone is fired.

    3. Performance Management:

    Performance management is the ability to manage and ensure that goals are consistently being met in an effective and efficient manner. In the context of an HR leader performance management is to focus on the performance of an organization, every department and each and every employee. It is basically the process by which HR leaders, managers, and employees work together to plan, monitor and review an employee’s work objectives and overall contribution to the organization. 

    4. Adapt Change Management:
    A leader should always be prepared for change and manage them to achieve continuous improvement Change management is the adaptation of tools and techniques to manage the people side of change and to achieve the required result. Change management incorporates organizational tools that can be utilized to help employees make successful transitions resulting in the adoption and realization of change.

    5. Recruitment & Selection of Employees:
    Recruitment & Selection is one of the core functions of any HR Leader. From the management stand point a HR leader should formulate an effective recruitment strategy. It plays an integral role in the success of any organization. Mapping open positions to an appropriate pool of potential candidates with the desired knowledge, skills and experience will certainly allow an organization to flourish.

    6. Conflict Management:
     The role of a HR leader is critical to ensuring everything goes well within the organization. A HR leader is required to shield the company from the potential liability that comes with unprofessional behavior and allegations. There should be no discrimination or harassment and leader must mediate disagreements between colleagues. Apprehending to situations in black and white is an integral part of conflict management.

    7. Program Development & Implementation:
     HR leaders must design the frameworks for learning and development. They must formulate a core team to collaborate and design programs for the betterment of the company. An HR lead must initiate and execute training programs, leadership programs, wellness programs and compensation programs through launch and beyond.

    8. Time Management:
    Time Management is one the most critical aspect for every HR leaders, though it is important for everybody. Great HR leaders not only have to manage their own time but will have to manage an entire organization’s time and efforts. Time management skills help understanding how employees spend their time, how each department should spend its time and on what objectives each department should spend its time on.

    9. Problem Solving:
    All HR leaders must possess problem-solving skills. There could be a problem in a team or with the company HR leaders must lead from the front on such occasions. An HR leader must come forward to solve a particular problem for their clients, employees and all other stakeholders of the organization.

    10.  Organizational Development:

    HR leaders must display Organizational Development skills. They must assess and identify an employee’s strengths and weaknesses and devise a plan to nurture and expand their skills. It is the duty of HR lead to strengthening individuals those who make up a company. The organization as a whole can be transformed into an innovative force by evaluating staff on a continuous basis and providing ample opportunity to learn new ideas.