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We must appreciate HR for one thing– It is quick to embrace technological progress. — When HR tech companies brought desktop HR software, HR managers lapped it up. Computer systems replaced manual record-keeping. Spreadsheets replaced paper files; databases stored employee information electronically.
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Payroll processing is a complex task that every organization must handle with care. Accurate and timely payroll generation ensures that employees are paid correctly. It also keeps the company compliant with evolving tax laws and regulations.
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Payroll calculation is one of the most important activities in any organisation. For payroll managers, ensuring accurate and timely salary disbursement is crucial—not only to keep employees satisfied but also to comply with numerous legal and tax regulations.
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Young employees often get confused between different salary terms. It is important to understand these concepts when joining a new company. We will clarify these terms and provide an example of take-home salary calculation to help you understand salary structures.
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We often wonder why business owners don’t invest in payroll software. Even when they know that a payroll system automates complex calculations and reduces the risk of human error.
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Ask any business owner in private, and they will agree: payroll generation is a headache. And we are not talking about generating funds for salaries every month. Even payroll processing is a complex and lengthy process.
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Payroll processing refers to the series of steps an organization undertakes to calculate and distribute wages or salaries to its employees. This includes: determining how much each employee earns, and also managing various deductions (such as taxes and benefits) before arriving at their final take-home pay.
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Employee Leave is a period of time during which an employee is permitted to be away from work. Employee leave is important for many reasons: Leave period gives an employee time to rest, to recover from illness, and also to manage personal matters.
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Time is not just money; it’s the lifeblood of business. Yet, many SMEs overlook a crucial piece of this puzzle: The timesheet feature.
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Just implementing Employee Self Service portal is not enough. HR must assist employees in using it. Here are tips from experts!
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