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Consequence, it can also reduce administrative costs. It is therefore essential to train staff properly, and implement procedures and disaster recovery plans to ensure payroll system continuity.
Payroll is a business-critical operation for every organization - people must be paid accurately and on time. Using payroll software can speed up the process of calculating pay accurately and making payments on time. It can reduce the burden of understanding complex payroll legislation and payroll systems operation. As a consequence, it can also reduce administrative costs. It is therefore essential to train staff properly, and implement procedures and disaster recovery plans to ensure payroll system continuity. Unlike most other business functions, payroll software needs to be updated regularly, not for support of help when things go wrong, but also for regular updates when tax and other figures change, and when there are alterations to legislation.
In most large and medium organizations payroll is an essential monthly activity, which is fairly routine in nature. Depending on the size and nature of the organization, this activity can be fraught with complexities related to calculations, deductions and statutory regulations. There also exist several routine processes like leave management, income tax calculation and deductions, reimbursements and routine HR communication which are time consuming and error prone. Pocket Payroll is a complete HR payroll software that not only offers organizations value for money but is also universally applicable irrespective of industry vertical, unlike most other payroll applications.
In manual data processing, errors cannot be controlled and employee and company data can be compromised. If leave and attendance are mismatched, employees can get less or more salary and excess disbursal, posing unnecessary issues. To add to this, physical data entry takes cumbersome hours and toil to create and is susceptible to mishandling.