Payroll generation is an integral part of any business, but it can often be a time-consuming and complex process. We see payroll managers struggling every month, coordinating between accounts departments, HR managers, line managers. We see them losing their mind over calculations of salaries, uploading Excel sheets and many other mundane tasks.
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We are an HR Tech company making cloud-based HR software for SME businesses. In a recent internal survey we found that business owners prefer automating payroll processes over other HR activities?
Why is there a preference for payroll automation software? We asked. And the answer was plain and clear–
Because payroll involves business owners and startup founders, too. And it is so tedious and complex that they lose much of their time in checking and rechecking, and talking to their HR friends about new compliances.
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Here is an interesting fact–
Many SME business owners postpone the implementation of payroll and HR software till they come to a certain size. They think that manual payroll processing, or a limited desktop software, is sufficient for their organisation.
But startups go for the automated HR solution early. Even when they are just a 20-person team.
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For startups looking to streamline their payroll processes and manage employee compensation efficiently, a payroll software is the perfect solution.
With payroll software, startups can eliminate the need for manual calculations and paperwork, reducing the risk of errors.
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Business owners have a general sense of most HR terms, but still some questions keep coming again and again.
In particular, the relationship between payroll and HR often creates confusion.
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We are often asked, should SME businesses go for integrated HR and payroll software?
The quick answer is: It depends on what kind of business you run and what is your business philosophy.
As a small or medium-sized enterprise (SME) business owner, you juggle multiple responsibilities at once. From managing your staff to handling finances, there’s never a shortage of things to do. One critical aspect of running any business is handling payroll accurately and efficiently. And that’s where choosing the right online payroll software solution comes in.
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Small and medium-sized enterprises (SMEs) face unique challenges managing their human resource (HR) functions. Often, these businesses have small HR teams. So business owners also get involved in HR tasks.
Let’s be straightforward here. This poses multiple challenges.
First and foremost, the business owner gets distracted from the core business, & the business suffers.
Secondly, HR is a specialised function. Admin and junior HR persons get overwhelmed with the complexities involved. This leads to inefficiencies in managing attendance, payroll, leave management, recruitment, & onboarding. And errors in adhering to compliance.
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Dear sir,
Thanks for being a good boss all these years, but no more.
I have been your payroll manager for many years. 12 years to be precise.
Now I wish to go.
A great payroll management software is the key to fixing all salary related problems for HR managers and business owners. The payroll system provides the easiest and most efficient way to maintain records, manage profiles, sort out payroll taxes and provide analysis with zero human error!
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