The Payroll
Management Software from Hourglass IT Solutions is
an ideal solution, for tracking and managing payroll related functionalities
for HR managers, for the employees of enterprises of all sizes and industries.
The software comes with an inbuilt option to enable site-wise management of
personnel; both employees under the company’s payroll as well as contracted
labor.
With our Payroll
Management Software, in the Employee Data Repository, you can
add, manage and append as many employees as desired, with their personal,
banking and other general information. The HR administrator has the option of
predefining designations with their corresponding salary bands. Employees who
are added to the organization can either directly be assigned to these predefined
categories, or to dynamically custom-created roles. All critical information along
with the computation of monthly employee compensation, like CTC, allowances,
incentives, deductions etc., can be separately stored here.
The defining feature of this product from HGIT is its robust pay
slip computation and generation system, which takes into account all related
data points for effective Payroll
management. The CTC split can be conveniently carried out, by defining the
amounts for Basic pay, HRA, DA and other types of allowances for every
employee. All four statutory deductions as stipulated by the Government of
India can be seamlessly made for Employees’
Provident Fund (EPF), Employees’
State Insurance (ESI), Professional
Tax (PT) and Income Tax Deducted at
Source (TDS).
The Payroll software also
gives the HR administrator to track and monitor amounts issued in advance to
employees, as well as define custom time frames and deduction percentages for
cutting back the same from the said employee’s salary over a period of time.
The HR admin can separately generate monthly pay slips for employees, who in
turn with their individual login accounts can access and download their
respective statements, apart from using our software for marking their daily
attendance. The time of capturing the attendance is recorded, and late entries
can be factored into the system too.
Best
Leave Management Software
The Payroll Software also empowers
companies to manage multi-site operations with separate site supervisors. These
supervisors will also have a unique login access to manage the attendance,
leave, pay slip generation and salary disbursement via direct bank transfers
for every laborer under contract. This maintains transparency for the central
HR team to ensure that there are no malpractices in the system.
Custom
reports can be generated to view important information across the entire
organization. There are separate reports and summary for attendance, pay slips,
PF, ESI, tax deductions, banking etc., which simplify the process of
maintaining voluminous records.
The Payroll software solution from one of
the best Payroll companies in Chennai
is a highly cost effective system with employee calendars that give you a super
easy way to manage sick leave, absences and overtime. In a glance you can see
how long employees are away for, whether they should be at work, what type of
leave they are currently on, how much leave they are entitled to etc. There is
a lot of time and money that can be saved, once the admin use this system regularly,
and the costs of having an in-house system is far less expensive than
outsourcing payroll to a third party. Our software also makes simplifies and
automates your need to update tax changes and minimizes human error that plague
manual HR systems. Our comprehensive validation procedures and checks stop you
from entering the wrong information. When our software is used for your payroll
demands, anyone with a good understanding of IT can manage the payroll
requirements of the company effectively. This is particularly good for MSMEs
that want flexibility.
Along
with our state-of-the art product, we also provide comprehensive support
services to help with software issues or with providing the know-how to deal
with any aspect of Payroll management Software.
Keywords:
·
Payroll
management Software
·
Hourglass
IT Solutions
·
Payroll management.
·
Employees’ Provident Fund (EPF)
·
Employees’
State Insurance (ESI)
·
Professional
Tax (PT)
·
Income Tax Deducted at Source (TDS).
·
Payroll software
·
best
Payroll companies in Chennai
