HRMS or Human Resource Management System is the most important and useful application for any organization. HRM system is is responsible for every decision taken, every work done and every result that is achieved. Success of an organization depends on how employees are managed and motivated with good working environment, best remuneration and other facilities. It is therefore, you may say, Payroll Management is the backbone of an organization's employee operational management.
Payroll is defined as a method of administrating employees' salaries in the organizations. The process consists of calculation of salaries and tax deductions of the employees, administrating the retirement benefits and disbursements of salaries to employees. It can also be called as an accounts activity which undertakes the salary administration of employees in the organization. Administrating the employees' salaries is not a simple task, the HR and accounts department work together to calculate and give out the salary to the employees.
Eresource HRMS system allows you to work fast which in turn saves lot of time. Payroll Management module help you to save time by reducing the hours spent producing payroll information and preparing payroll registers. With the growing market demand, Payroll Management in HRMS is an application that definitely an application that is value for money. As a whole eresource HRMS is a product that is intelligent and efficient to be able to process a few hundreds to multi thousands of employees' records quickly and accurately.
Payroll accounting in Profmax Payroll Management ERP, involves calculations of employees' salaries and tax deductions. It also undertakes the activities such as preparation of tax returns, maintaining the payroll records, etc.
Lack of accurate and timely information can make your administrative work suffer a lot. In a HR division it causes delayed decision making, which ultimately affects the functions of the whole organization.
Payroll Management module in eresource HRMS can handle complex payroll processes in compliance with current legal regulations. Predefined reports can help you address various legal and compliance issues, increase the visibility and transparency of your HR processes, and simplify overall management of compliance-related concerns.
Payroll Management module in eresource HRMS enables real-time data, global reach, and integration within and outside of HR systems. eresource HRMS can help you improve collaboration and efficiency across your entire organization.
Key benefits of Payroll Management system in HRMS
- Standardize and automate HR processes to increase efficiency
- Manage an increasingly diverse workforce
- Reduce the time and costs associated with HR administration, while setting the stage for talent management processes and future innovation
- Increase visibility and transparency into your HR processes
- Increase compliance with ever-changing legal regulations