What Are The Key Features To Look For In a Payroll System?


Although complex, Payroll software is both good for businesses and their employees.

It helps ensure that employees are compensated the most accurate amount, at the perfect time, through the method of payment agreed upon.  

A dependable payroll system in the Philippines is advantageous for employees because they can make the most of the user-friendly interfaces to view their payroll and payment history and to easily update their personal information.

If they have some concerns, they can be addressed quickly by the payroll system thus, helping minimize work disruption.

It is therefore important to determine the key features to look for in a payroll system.

But before that, let us roughly run through the main benefits of cloud payroll. 

Payroll software in the Philippines can either be on-premise or in the cloud.

One of the great benefits of cloud payroll systems is that valuable data can be accessed from anywhere with any device such as a desktop computer, iPad or other mobile devices.

When you are considering getting payroll software for your business, look for one that offers a simple, consistent experience across all platforms.

For instance, when an employee tries to search for some information in the system, what appears on their mobile phone should be the same as that one shown on the desktop.

This helps in saving time for queries and makes HR more productive in other areas of development.

Another far-reaching advantage of cloud payroll software systems is their intelligence which is already built in to meet the demands of HR and anticipate needs and reduce errors.

Onboarding new employees is much easier this time since it can already be automated.

This will pave the way so that every newly hired employee for a given position is hired properly, given the same checklists and same processes, making sure that everything is seamlessly done. 

Payroll requirements differ from country to country.

There are some changes from time to time.

With a dependable payroll system in the Philippines,  there is continually updating so one can be made aware of local, and regional laws pertaining to taxes and certain regulations on labor. 

On-premise solutions are much more susceptible to inaccuracies while Cloud payroll systems are more accurate and can scale easily, maintaining simplicity no matter how many deadlines, approvals, task owners, and dependencies are involved in a given payroll process.

Having mentioned the main advantages of a payroll system in the Philippines, let us now delve deeper into what key features to look for in a payroll system when choosing a payroll system software.

These key features make payroll a breeze and will ultimately lead to a more productive HR team with more satisfied and happy employees.

1. Management of Payroll 

Payroll software has the ability to calculate mandatory salary deductions in the Philippines.

It likewise automatically calculates bonuses,  computes employee expenses, as well as overtime and holiday pay.

Printing of checks for those other employees who don’t enroll in direct deposits can be easily prepared through a reliable payroll system.

Also, reporting is a must.

Payroll report generation is easy to produce, making business operations more productive and efficient.

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Automate your payroll processing with easyHR’s cloud-based software solution

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Automate your payroll processing with easyHR’s cloud-based software solution

Click to Learn More.

2. Direct deposit

The payroll system allows management of your team’s direct deposits without you having to think about it.

It will deposit directly to their accounts the salaries of your employees automatically and accurately — most significantly lesser errors.

Direct deposit also makes it more convenient to both your HR team and employees. 

3. Time and attendance recording

One of the perks of having an automated payroll system in the Philippines is that it also helps you maintain employee time and attendance records.

With biometrics integration, this key feature allows your HR department to look at daily activities or easily and quickly run payroll reports to decipher overall employee leave information within a pay period.

It also tracks the time-in and time-out (clock in /clock out) of employees. Buddy punching is eradicated. 

4. Filing of Income tax

Payroll system software makes filing income tax a breeze.

It calculates taxes, withholdings, insurance, and retirement contributions and it can also generate tax payments and payroll forms for you without the hassle and the time involved.

See? You can just imagine the time you will save when you don’t have to manage these things.

5. Employee Self-Service

Many payroll systems Philippine software options allow employees access to update their own information.

Granting access to employees leads to transparency and trust and will help enable them to handle questions and changes independently.

Any employee whatever the position can be able to view their payment history, update their personal information, and change payment preferences as the need arises. 

Do you want to have an HR team that is efficient, productive and resource-driven?

Are you looking forward to a more satisfied and happy workforce?

Consider these features with EasyHR

EasyHR is an HRIS (Human Resource Information System) in the Philippines with a wide array of features that will help your HR team manage employees through robust record-keeping and cloud payroll functions.

Book a demo now: https://human-incubator.com/easy-hr/

EasyHR Logo

Automate your payroll processing with easyHR’s cloud-based software solution

Click to Learn More.
EasyHR Logo

Automate your payroll processing with easyHR’s cloud-based software solution

Click to Learn More.

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