POS System: What Is It And How Can Your Business Benefit From It?
POS system implementation is especially evident in retail business to manage sales…
Congratulations! You’ve just finished the interview and selection process and finally onboarded twelve employees to start operating your small business.
That is great news, indeed!
Now, what next?
As a business owner you need to pay your new staff.
So what should you do after hiring someone?
Simply giving a check payment is not enough.
There is more to it than what meets the eye.
Payroll is one of the most important business processes and it is one that directly impacts the employees.
The process of doing payroll is definitely a lot trickier and more time-ensuing.
First, you need to come up with a system on how to pay your employees.
As a small business owner you may be the one doing payroll or perhaps you have assigned a staff member to be in charge of payroll.
Payroll essentially needs to be managed, thus, the term payroll management.
It is an administrative process of overseeing and managing employee onboarding, computing their monthly salaries, benefits, tax deductions, insurance, bonuses and retirement contributions.
It’s critical to carry out the process of payroll management efficiently and most importantly; timely, accurately and free from errors.
Additionally, an efficient payroll management system is dependable and reliable and most of all, establishes integrity and financial stability, which in turn, boost employee confidence and morale.
How do you establish an efficient payroll management system?
If you are having difficulty right now in handling your company’s payroll you can read on.
There is so much to learn about it and what it brings to the table.
Here is all you need to know: A guide to payroll management.
Furthermore, these are the benefits that you will reap if you get the most suitable HRIS.
Local and national labor as well as tax laws are regulated to be followed before a business can fully operate.
Hence, it is a legal requirement.
No one is above the law so staying compliant by having the right cloud based HR and payroll software in place is pivotal.
Another significance of proper payroll management is that it promotes a healthy and productive business.
If your HRIS and payroll systems are efficient, compliant, reliable, employee-focused and well-integrated with other systems, it will help create a positive employee experience, which in turn will boost productivity; garnering a total company growth and profitability.
After all, employee engagement and satisfaction is directly linked to better business outcomes.
Payroll management is not that daunting after all.
Now you know that a Human Resource Information System (HRIS) is up for the job.
Manage HR with ease through EasyHR.
It is a leading-edge HRIS software that helps your HR team manage employees through robust record-keeping and payroll functions through :
Grab this for only Php 5,500 a month! https://human-incubator.com/easy-hr/