{"id":815,"date":"2017-12-07T07:10:58","date_gmt":"2017-12-07T07:10:58","guid":{"rendered":"http:\/\/www.timelabs.in\/blog\/?p=815"},"modified":"2024-03-30T06:20:54","modified_gmt":"2024-03-30T06:20:54","slug":"6-benefits-of-using-hr-payroll-software","status":"publish","type":"post","link":"https:\/\/www.timelabs.in\/blog\/6-benefits-of-using-hr-payroll-software\/","title":{"rendered":"6 BENEFITS OF USING HR PAYROLL SOFTWARE"},"content":{"rendered":"<p align=\"justify\">Maintaining and accessing employee records continues to be a challenge for HR departments in many companies. The traditional way of maintaining employee records was to adopt a HR system on site that was accessible by only a select few HR personnel. Although these are now also available in cloud, numerous companies still manage their teams by relying on a jumbled system of post-it notes, documents and spreadsheets. This costs companies valuable time and money.<\/p>\n<p align=\"justify\">The best solution is to implement an <a href=\"https:\/\/www.timelabs.in\/Payroll-Software\" target=\"_blank\" rel=\"noopener\"><strong>HR payroll software<\/strong><\/a> program. Companies can gain the following advantages by employing this system:<\/p>\n<p align=\"justify\"><strong>1 Efficient Administration<\/strong><\/p>\n<p align=\"justify\"><a href=\"https:\/\/www.timelabs.in\/Payroll-Software\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.timelabs.in\/blog\/wp-content\/uploads\/2017\/12\/payroll-scarbble-e1512629921454.jpg\" alt=\"payroll Software\" width=\"600\" height=\"400\" \/><\/a><\/p>\n<p align=\"justify\">Tracking basic details of just a dozen employees can quickly convert into a nightmare, especially if you utilize a paper based system. Even simple employee requests such as \u201cMay I have a copy of my previous paystubs?\u201d or \u201cHow many days off do I have left for the year?\u201d can become a time-consuming task, leading to loss in productivity.<\/p>\n<p align=\"justify\">An automated HR software program tracks all relevant employee details which can be accessed within just a few seconds.<\/p>\n<p align=\"justify\"><strong>2 Reduce Expenses<\/strong><\/p>\n<p align=\"justify\">An efficient HR system will actually save you money. How? The standard number of full time HR personnel in a company with 100 employees is one. However, with an <a href=\"https:\/\/www.timelabs.in\/Payroll-Software\" target=\"_blank\" rel=\"noopener\"><strong>HR payroll software system<\/strong><\/a>, the ratio can increase to 1 full time HR staff person to 140 employees. This means fewer full time staff are required to manage workforce information, which results in thousands of dollars saved on an annual basis.<\/p>\n<p align=\"justify\"><strong>3 Information Accessibility<\/strong><\/p>\n<p align=\"justify\"><a href=\"https:\/\/www.timelabs.in\/Payroll-Software\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.timelabs.in\/blog\/wp-content\/uploads\/2017\/12\/outsourcing-payroll-tax-finance-1024x682.jpg\" alt=\"Payrool Systems\" width=\"600\" height=\"400\" \/><\/a><\/p>\n<p align=\"justify\">Companies that rely solely on documents and spreadsheets to track employee information end up creating large files filled with information. In such cases, security and sensitivity of the data becomes a concern. However, by making this info accessible through an HR software, the staff are able to access their data via a central HR system.<\/p>\n<p align=\"justify\"><strong>4 Informed Decisions<\/strong><\/p>\n<p align=\"justify\">By having all your employee data in a single, consolidated place, you create analytical opportunities that can help you make knowledgeable decisions. For example, your company may have a department where there is a high employee turnover rate. By looking at the data, you can determine if the person leaving worked under the same manager, whether they required more training, if they shared similar characteristics and if they were recruited from the same source? You can use this data to make informed choices such as improving hiring efforts, implementing necessary training programs for the manager in that particular department, etc.<\/p>\n<p align=\"justify\"><strong>5 Improved Communication<\/strong><\/p>\n<p align=\"justify\"><a href=\"https:\/\/www.timelabs.in\/Payroll-Software\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.timelabs.in\/blog\/wp-content\/uploads\/2017\/12\/three-advantages-of-online-payroll-1024x682.jpg\" alt=\"HR payroll Software\" width=\"600\" height=\"400\" \/><\/a><\/p>\n<p align=\"justify\">HR systems have an employee directory. Although employees who work in one team tend to share their contact information, sometimes their task might require communicating with team members from a different department. If this contact information can only be accessed via a filing cabinet, it slows down communication. Accessing contact information through an HR software program is faster and more efficient.<\/p>\n<p align=\"justify\"><strong>6 Mitigate Risk<\/strong><\/p>\n<p align=\"justify\">Sometimes a legal dispute might arise where an employee states they weren\u2019t aware of a specific policy. Although you might have sent this employee an email and a hard copy of the policy, they can deny ever seeing it. HR software systems utilize a \u2018read and accept\u2019 option that leaves a trail showing that a staff member was sent a specific message and they also accepted the contents of message.<\/p>\n<link rel=\"stylesheet\" href=\"http:\/\/blog.timelabs.in\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-share-buttons.min.css\">\n\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256C504 119 393 8 256 8S8 119 8 256c0 123.78 90.69 226.38 209.25 245V327.69h-63V256h63v-54.64c0-62.15 37-96.48 93.67-96.48 27.14 0 55.52 4.84 55.52 4.84v61h-31.28c-30.8 0-40.41 19.12-40.41 38.73V256h68.78l-11 71.69h-57.78V501C413.31 482.38 504 379.78 504 256z\"><\/path><\/svg><br \/>\n\t\t\t\t\t\t\t\t\t\tFacebook<br \/>\n\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg><br \/>\n\t\t\t\t\t\t\t\t\t\tTwitter<br \/>\n\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg><br \/>\n\t\t\t\t\t\t\t\t\t\tLinkedIn<br \/>\n\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 496 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M496 256c0 137-111 248-248 248-25.6 0-50.2-3.9-73.4-11.1 10.1-16.5 25.2-43.5 30.8-65 3-11.6 15.4-59 15.4-59 8.1 15.4 31.7 28.5 56.8 28.5 74.8 0 128.7-68.8 128.7-154.3 0-81.9-66.9-143.2-152.9-143.2-107 0-163.9 71.8-163.9 150.1 0 36.4 19.4 81.7 50.3 96.1 4.7 2.2 7.2 1.2 8.3-3.3.8-3.4 5-20.3 6.9-28.1.6-2.5.3-4.7-1.7-7.1-10.1-12.5-18.3-35.3-18.3-56.6 0-54.7 41.4-107.6 112-107.6 60.9 0 103.6 41.5 103.6 100.9 0 67.1-33.9 113.6-78 113.6-24.3 0-42.6-20.1-36.7-44.8 7-29.5 20.5-61.3 20.5-82.6 0-19-10.2-34.9-31.4-34.9-24.9 0-44.9 25.7-44.9 60.2 0 22 7.4 36.8 7.4 36.8s-24.5 103.8-29 123.2c-5 21.4-3 51.6-.9 71.2C65.4 450.9 0 361.1 0 256 0 119 111 8 248 8s248 111 248 248z\"><\/path><\/svg><br \/>\n\t\t\t\t\t\t\t\t\t\tPinterest<br \/>\n\t\t\t\t\t\t\t\t<svg viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z\"><\/path><\/svg><br \/>\n\t\t\t\t\t\t\t\t\t\tEmail<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maintaining and accessing employee records continues to be a challenge for HR departments in many companies. The traditional way of maintaining employee records was to adopt a HR system on site that was accessible by only a select few HR personnel. Although these are now also available in cloud, numerous companies still manage their teams [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42],"tags":[184,200,201,212],"class_list":["post-815","post","type-post","status-publish","format-standard","hentry","category-hr-payroll-software","tag-hr-payroll-software","tag-payroll-hr-systems","tag-payroll-software-systems","tag-payroll-systems"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>6 BENEFITS OF USING HR PAYROLL SOFTWARE - Latest HR and Payroll Software News &amp; Updates | Timelabs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timelabs.in\/blog\/6-benefits-of-using-hr-payroll-software\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 BENEFITS OF USING HR PAYROLL SOFTWARE - Latest HR and Payroll Software News &amp; Updates | Timelabs\" \/>\n<meta property=\"og:description\" content=\"Maintaining and accessing employee records continues to be a challenge for HR departments in many companies. 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Although these are now also available in cloud, numerous companies still manage their teams [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.timelabs.in\/blog\/6-benefits-of-using-hr-payroll-software\/\" \/>\n<meta property=\"og:site_name\" content=\"Latest HR and Payroll Software News &amp; Updates | Timelabs\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-07T07:10:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-30T06:20:54+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.timelabs.in\/blog\/wp-content\/uploads\/2017\/12\/payroll-scarbble-e1512629921454.jpg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.timelabs.in\\\/blog\\\/6-benefits-of-using-hr-payroll-software\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.timelabs.in\\\/blog\\\/6-benefits-of-using-hr-payroll-software\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.timelabs.in\\\/blog\\\/#\\\/schema\\\/person\\\/973d145dc71c6ebb2f4d96543c9d7ad8\"},\"headline\":\"6 BENEFITS OF USING HR PAYROLL SOFTWARE\",\"datePublished\":\"2017-12-07T07:10:58+00:00\",\"dateModified\":\"2024-03-30T06:20:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.timelabs.in\\\/blog\\\/6-benefits-of-using-hr-payroll-software\\\/\"},\"wordCount\":550,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.timelabs.in\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.timelabs.in\\\/blog\\\/6-benefits-of-using-hr-payroll-software\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.timelabs.in\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/payroll-scarbble-e1512629921454.jpg\",\"keywords\":[\"hr payroll software\",\"Payroll Hr Systems\",\"payroll software systems\",\"Payroll Systems\"],\"articleSection\":[\"HR Payroll Software\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.timelabs.in\\\/blog\\\/6-benefits-of-using-hr-payroll-software\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.timelabs.in\\\/blog\\\/6-benefits-of-using-hr-payroll-software\\\/\",\"url\":\"https:\\\/\\\/www.timelabs.in\\\/blog\\\/6-benefits-of-using-hr-payroll-software\\\/\",\"name\":\"6 BENEFITS OF USING HR PAYROLL SOFTWARE - Latest HR and Payroll Software News &amp; 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