| Payroll: A must need to accelerate in 2010 | | | | giving them the power to focus on their core |
| As a business owner visibility in the business in | | | | business. The Payroll solution is highly scalable |
| terms of human talent has become a key | | | | adapting to the growing organization demands |
| parameter to analyze the business changes. | | | | may it be in terms of adding new employees or |
| Organizations are accelerating and setting new | | | | rightsizing the human strength. Roles and rights |
| milestones to advance ahead and be a leading | | | | are custom build to meet different demands as |
| runner in the competition. As a result the | | | | per the roles categorized by the management. |
| emphasis is strong on ensuring job satisfaction for | | | | Tedious calculations related to attendance, |
| employees and equally motivate them to be a | | | | advances and loans are meticulously designed to |
| part of the winning team. The complexity drives | | | | accommodate and run the payroll accordingly. |
| deeper for the management to identify and | | | | Statutory compliance at a click of mouse: payroll |
| nurture the best breed of talent. Streamlining of | | | | takes care of all the statutory compliance in |
| core payroll process in the organization today is | | | | terms of all the government body reports. |
| termed as first critical step in managing the | | | | Submission of reports on time to the government |
| business for the top management. | | | | body has improved and saves lot of time for |
| Need to Change: | | | | other core activities. It is highly recommended to |
| It is interesting to observe the way business | | | | have all the reports at the click of mouse in the |
| functions have changed drastically in the last | | | | desired formats to present to the authorities |
| decade. Organizations were people dependent. | | | | sending the message of being a professional |
| Adhesion mechanism was core in practice | | | | organization. Form 16 is readily available for |
| resulting into shunted growth, high attrition rate | | | | disposal on demand from employees. |
| and unstable organizations. As the paradigm | | | | Experience the Easiest way to Run Payroll: |
| shifted from people to process and system | | | | 4 Simple steps to run Payroll |
| dependent, the shape of business shined with | | | | 1) Approve Leaves |
| streamlined processes resulting in stable | | | | 2) Approve Loans |
| organizations with growth as a prime agenda. This | | | | 3) Generate Salary |
| blooming of new orientation has given the top | | | | 4) Deduct STD and Payroll is processed!!! |
| management a view to measure and quantify | | | | IT Module: A topping on the Payroll |
| several business parameters with human touch. | | | | The computation of income tax and registering |
| Drive on the Highway: | | | | the same in systems has become easy with |
| Its now or never, as said by the strategists it | | | | payroll it module. Tracking of the investments of |
| seems to be the best time today to drive on the | | | | the employees and their proof submission related |
| highway and get ourselves aligned to accelerate. | | | | for income tax computation is much easier now. |
| Payroll is one such booster for the organizations | | | | Based on the checklist of submission of |
| to automate its payroll processes. Hansel free and | | | | necessary proofs for the investments and tax |
| quick formula based computation through payroll | | | | exemption by employees can be well documented |
| has made the life easier for business owners | | | | in systems now. |