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April 21, 2017

Payroll teams spend most of their time manually updating all the payroll related tasks, which is the most time consuming, monotonous, and expensive process.

What if these teams get an opportunity to use a system that can perform all payroll related activities anytime and anywhere? Not only this, the payroll system is scalable as well as user friendly. A system that ensures managing the end-to-end spectrum of payroll system with better control, flexibility, and accuracy. A good Human Resource Management System (HRMS) payroll system may help to revolutionize a workplace!

The payroll system often requires very little input from the employer, such as employee wage information and number of hours worked. After this, it handles all calculations on its own and performs withholdings automatically. The best part is most of the HRMS payroll software are automatically updated based on a tax law changes. It also helps notifying employers when to file different types of tax forms.

Selecting a payroll system

It is important that you choose a payroll system that suits best to your business needs. But what are the parameters that you should keep in mind when making a selection? An effective payroll system should have the following features.

  • A payroll system should have details of all employees and other details like number of hours they have worked on different tasks.
  • A payroll system should not only record number of hours the employees have worked but must be handle difficult operations, like taking care of government taxation.
  • There should be a feature of keeping detailed and correct records. Record-keeping helps in monitoring trends, like how much overtime is being paid.
  • An automated payroll system helps in organizing other tasks, such as helping employees to independently print pay stubs.

Conclusion

In today’s era where technology ecosystem is growing at an exponential pace, it is a time for the HR department to embrace new systems and tools managing employee engagement and communication, workplace culture etc. No matter which services you choose, the features should be customized to suit your business needs. An effective payroll system should be able to offer advantages in terms of time, cost, and accuracy.

An Integrated Payroll Solution can provide a seamless end-to-end experience

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By HR-One Team
May 23, 2014

The HR department of an organization is in command of recruiting new workforce. It is not an easy job to draw and pick the most competent aspirant to fill an open position. Often the employee offered in the resume is not precisely the one required in tangible situations. There are situations in which endless applicants post their resumes for the position and it becomes unmanageable for the recruiters to handle bulk applications. The process of recruitment begins with the selection of matching profiles, sorting applications, scheduling interviews, lining them effectively and recruiting the right candidate. Thus, recruitment effectiveness is highly required off the HR practitioners.There is no explicit method of determining recruitment effectiveness. However, the key parameter to judge recruitment effectiveness is time. There is an inverse proportionality between time and effective recruitment, i.e. shorter the time span taken for recruiting a candidate higher is the Recruitment Efficiency of the HR. Another important parameter of efficient recruitment is the kind of applicants attracted for the interviews. If the majority of contenders are sufficiently qualified, it shows that the HR is efficient enough in recruitment processes.The use of HRMS solution to manage recruitment process can prove to be an intelligent move for increasing the recruitment efficiency of an organization. HRMS solutions offer the tools for recruitment management. These help in interlinking HR professionals with candidate and consultation portals thereby, managing resumes online. Recruitment budgets and status reports can be easily generated through HRMS Software. Thus, recruitment efficiency multiplies drastically contributing to smart talent acquisition and financial gains.

5 Simple Hacks to Make Your Recruitment More Effective

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By HR-One Team