REMUNERATOR (PAYROLL)
Human Resource is the most vital resource for any organization. It is responsible for each and every decision taken, each and every work done and each and every result. Employees should be managed properly and motivated by providing best remuneration and compensation in time as per the industry standards. The lucrative compensation will also serve the need for attracting and retaining the best employees.
Compensation is the remuneration received by an employee in return for his/her contribution/ services to the organization. It is an organized practice that involves balancing the work-employee relation by providing monetary and non-monetary benefits to employees. Compensation is an integral part of human resource management which helps in motivating the employees and improving organizational effectiveness.
REMUNERATOR Software has been designed to generate, manage and look after the Employee Details and payroll processes of medium to large-scale organizations. This Software is capable of importing & generating attendance, calculating unlimited Salary Components, generating Pay-slips, generating Attendance, Salary and statutory reports like PF, PTAX and ESI. It also supports export final salary data which could be imported to your accounts software. This software and services give employers and payroll service providers powerful, productivity-boosting their payroll solutions. This software is a complete payroll software package for small and mid-sized businesses, which maximize payroll processing productivity and enhance profits.
The Payroll module is a comprehensive system that handles the payroll operations of any organization effectively with efficient user defined analysis and reports about employees. The salient feature of this system is the flexibility of operating multi-category payslip processing along with MIS and statutory reports, which are laborious in nature.
This has a built in loan monitoring schedule, for loans availed by employees. Accurate information about the loan recovery is maintained automatically. This module coordinates with the Finance and Accounts module for the total data integrity.
Handling the payroll can be confusing and time-consuming, although knowledge of the basics and special software can help simplify the process. As your business grows, at least one of your employees should take on the responsibility of payroll management, or you can look into the cost-effectiveness of outsourcing the job,
What’s involved in running payroll?
It’s a multi-step process that involves:
- Calculating wages
- Deducting taxes
- Issuing salary
Many firms turn to specialized payroll companies to handle the job. After all, it is complicated, time-consuming and usually cheaper to outsource it rather than hire someone to take care of it in-house. Instead of outsourcing the process, you can automate it by just installing our Smart Pay software which ultimately reduces your huge Work load of calculating wages for all employees and generates salary in a single click by considering all leaves and other deductions if applicable, clubbed with cumbersome statutory reports.
Go in for Remunerator in order to have smart way of Business!!!!! |
