Obstacles in Automated Payroll Management

A payroll is an organization's list of its employees, but the phrase is commonly used to state the total amount of money that an organization pays to its employees. A company’s record of its employee’s salaries and wages, gratuities, and pending taxes is called payroll management. An employer, irrespective of the number of workers they employ, must keep all records relating to payroll taxes (income tax withholding, Social Security and federal unemployment tax) for at least four years after the tax becomes due or is paid, whichever is later.

Payroll for a small company is a simple task with a good one-write system. Several office supply store can show you samples of one-write systems, which most accountants vouch for because they are time saving and reduce errors in creating payroll entries.

Payroll Management can be fairly challenging for the new business owner. There are many federal and state laws modifying what you have to track associated to payroll. Failure to do so could outcome in heavy fines or worse.

Many business owners use external payroll services. These companies assure compliance with all the applicable laws. This retains the business owner from getting into trouble with the law and saves time that can be dedicated to something else in the business. If you want to do your own payroll, it’s recommended that you acquire automated Payroll Software. It will be more efficient and fast.

PeopleQlik’s Payroll Software that helps your organization to manage salaries, benefits/compensations and taxes through an online system.

PeopleQlik’s Payroll Software is a comprehensive solution that is difficult to substitute. It has unmatched skills. Its design is user-friendly and can be modified for personal needs of every employee along with HR. HR can manage their salaries and payroll requirements and PeopleQlik supports concerning in obeying regulations for over 45 countries internationally and globally. It absolutely brings prosperity in your organization and boosts the performance of HR mangers as well with less cost and result is high maintenance in their recruitment process.

With PeopleQlik’s HR Software you can generate your key HR processes faster. PeopleQlik aids thousands of companies with a lot of professional remunerations. Every startup benefit from its streamline HR procedures and management tools. It has easy interface, which every employee can learn and manage. It streamlines human resource department’s management capabilities and also handles employee skills and proficiency well.

Improve Payroll Management with Payroll Software

Payroll refers to the actual total amount of salary that organization pay to its employees and it’s managed and calculated by human resource management department. It is record of employee’s salaries, wages, allowances, bonuses and taxes. Payroll is “money paid to employees” which plays an important role in an organization for several reasons.

Everything has some pros and cons and it’s very important for one to understand what is right and what is wrong. On one hand where there are lots of advantages of payroll, there are also some drawbacks too which effects the organization.

DISADVANTAGES:

Some of the disadvantages of payroll system are given below but it can match and also differ from organization to organization.

1. In-House Manual Payroll:

Start-up organizations may need to process payroll using a manual in house payroll system. It’s an attractive opportunity to expand the business because it does not have any expensive service fees or expensive software packages involved. However in result manual pay roll system can give inaccurate and unauthentic wrong results and can make payroll process wrong. Tax calculations are always difficult and complex. Manual system have no built in algorithms to catch the mistakes. It’s a time consuming procedure.

2. In-House Software Payroll:

In-house software payroll system can simplify the payroll process for some officers of Human Resource Management department. After the officer initially enters information, payroll software saves employee and payroll data. However, the processor is still responsible for the result. If the officer doesn’t enter right data, payroll reporting could be incorrect.

3. Outsourcing Payroll:

Third-party payroll companies offer to take the difficult task of payroll processing off an organization’s plate. These services typically file payroll returns on behalf of the company so officers don’t have to worry about costly late fees.

However, service comes at a price. Third-party payroll providers may not be worth the rates they charge if the company has payroll already covered. In addition, most payroll companies require the company to electronically submit payroll information, which is time consuming.

Companies concerned with confidentiality are also at a disadvantage. Disloyal employees don’t take confidentiality measures seriously and may leak sensitive pay information. He may leave documents with pay information in public places or in unsecured files.

Employers have a few options regarding payroll system. When deciding a system it is important to consider the nature of the employees and complexity of the payroll. Organizations, which have low number of employees on salary basis mostly, have simplest payroll processing.

Automated payroll options are better at making the payroll information useful. PeopleQlik's Payroll Software calculates taxes and makes deductions and deductions in accordance to those taxes. 

PeopleQlik's HR Software secures your employee information and with cloud centralization of data you will never be dependent on places, time and devices. It’s a user-friendly way to manage payroll and HR.

Reasons to choose Automated Cloud HR Software

Successful organizations choose competent employees, who are diligent, hardworking and honest. Half of success of your organization depends on capable employees, half depends on planning, management and resource handling. Once done with the team by picking exceptional and talented people then running business is not a burden. Picking a right person for right job is not a child’s play. HR managers and other recruiters involved in applicant management try their best to pick best. But it takes a lot of

·         Time

·         Effort

·         Cost

·         Human resources

Recruitment Management is one of the difficult task out of all the HR responsibilities. Because it takes much time and struggle to filter a person or two from a huge pile. Human have such intelligent minds that computer systems cannot replace, doing a task recursively, make them bored resulting in chances of errors and omissions.

Computer software application are programmed and tested in such a manner that there is rarely a chance of error. Top ten reasons to choose automated Cloud HR Software are:

1.         Reducing cost

Hiring an applicant cost around 1.5 month’s salary of employee. Hiring an employee include advertising cost, HR manager time-cost, technical person interviewing applicant’s time-cost.

2.         Reducing HR managers burden

Filtering resume based on expertise and experience, calling out applicants, taking interviews, analyzing personality and taking record of these test and results calculation and hiring with some formal paper work is a huge burden to manage.

                       

3.         Managing massive resume upload

Sorting applicant’s resume and applications keeping in view required skills is a hectic task. Consider a position opening and people applying from different campuses, organizations and cities and some just applied even if they have not desired skills but just have a knowhow and they mention it on resume. Human alone cannot filter reading one by one, as it takes time and is a weight on HR part.

4.         Maintain queue for applicants

Hiring employee is needed all the time. To start from scratch like figuring out job responsibilities, advertising, calling, interview take time and budget. Applicants with good performance in interview can be called later if not selected

5.         Succession planning

Pre-existing employees waiting for promotion or interested in newly posted job can be managed by succession planning

6.         Pure screening

All the data is stored in system, so there will be no chance of biased behavior from your organization

7.         Efficiently capturing applicant data

Optimized databases and efficient computing helps in capturing and processing data in minutes rather than weeks

8.         Offer letters generation

Offer letters can be generated easily along with payroll working hours, leaves allowed all mentioned and can be further processed if hired.

9.         Managing and testing different skill aspects

Events happened in recruitment and their results can be recorded and used to compare applicants on many basis.

10.   Picking best and competent candidate

Finally all these screening, succession planning, HR analysis done by automated software leads to picking best candidate

PeopleQlik's HRMS Software helps your organization in picking the best candidate as it possess all the above mentioned qualities along with Timesheet and Attendance Management and payroll module. So, PeopleQlik made easy the hiring and employee management process.