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Payroll Management System is the unique software developed for HRs and payroll professionals to manage the salary of employees. The system manages the increment in due time, and additionally, it can also calculate different deductions or additions like ESI, PF, TDS, TAX, Loan Advance, Arrears, Gratuity, and Bonus. Moreover, the software also helps in ‘Dues Clearance’ at the time of resignation of any employee.
The Payroll Software is linked with Time Office Software for the detailed monthly summary (no. of days present, holidays, weekly off or leaves) of any employee and it also allows to import the data of employees through excel file.
This reduces the human effort and almost every process is done in a single click. Only the need is to enter a few basic details of the employee.
There are also some unique features that make it more valuable and worthy to be used in any setup. This software for payroll can calculate the salary in the manufacturing units or production units where salary is calculated on the basis of no. of products made by an employee or where there is a policy of salary on Piece-rate.
The Star Link payroll management system can also calculate the salary on a daily-wages basis & linked the database with biometric attendance software.
However, the settings of Payroll Software can be changed according to the requirement. There is the option of Dynamic Date setting, which defines the date from which the report is generated. (For ex: 1-30 of a month or 25-24 or whatever date the user wants to fix).
Furthermore, another feature is the Policy of Formula Setting for salary, which allows the user to add or deduct some additional amount by simply changing the formula depending. The formulas can be implemented as a whole for a department or section or a team or even between employees (based on your Policies).
We all agree on the fact that being human at times can bound to make mistakes. But with an automated and advanced version of a payroll management system such as the one offered by Star Link, you can get manage and compile all of your employees’ payments and collections in a single go, and that too irrespective of the location and multiple levels of management.
However, one of the biggest drawbacks of manually managing and compiling the payment and payroll of your employees is the vulnerability to human errors. But with the integration of payroll management systems in your business organization, you can simply get rid of human errors.
With the exponential rise of technology advancements in almost all sectors and industries, the payroll management system benefits also unfold.
There are many amazing benefits of this best payroll software in india, but the most amazing remains that it has improved and enhanced the security level of business organizations by ensuring that all the sensitive, crucial and confidential data is encrypted and safe from security threats and cyber-attacks.
It would be no wrong to say that successfully managing the operations and processes of a small & mid-size business can be a complex task as you constantly juggle the controlling and management of multiple tasks and that too with a limited budget at hand.
Also Checkout: Savvy HRMS