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