Table of Contents
Introduction
Managing the payroll of employees is not an easy task. It entails many things such as enrolling employees and maintaining the records till they exit. There is no room for error in payroll management. HRs and payroll professionals are now looking toward payroll management system software to help make their job easier. Payroll software is secure and easy to use making it an ideal option.
Here are a few factors to consider when you are choosing the right payroll software for your company –
- Free trial
Make sure the software has a free trial feature. This will help your team determine whether the software will be a good fit for your company. A huge mistake could go into investing in software that does not work out for you in the long run. With software featuring a free trial version, you could test the software and see its advantages and disadvantages. You could also see whether it meets the criterion for the employee data and payment record.
- Ease of use
Make sure the software you have purchased is easy to use for the whole team. Some software features complicated functions that are not practical and leads to confusion. The software should be easy to use and should be easily accessible. The users including the payroll managers and employees should be able to track and access their records from their computers as well as their handheld devices.
- Scalability
The software should have scalability. It should be able to grow with your company. Software with limited features will only prove useful for a short while. With time, your company will widen its reach and its employee base. As such, it is necessary that the software can scale up to the required needs and requirements.
- Support and Customer Service
A must for any software that the company acquires is for the software company to have good support and customer service. As the new software is being put to use, the HR and payroll managers might have a lot of queries about its functions and accessibility. Here, it is important that the software company can respond promptly and clear all doubts. The software itself should have customer service features to respond promptly to doubts or queries of its users.
- Security
It is crucial that the software provides the required security. The software will hold all the important and personal information of the employees and it can be very unfortunate if any information is leaked out. Conduct detailed research on the software vendor or company and see what security certificates they provide. Also, make sure that the software comes with a backup feature so that important data is not lost in times of an accident or disaster.
- Integration
The software should be able to integrate easily with different features. The different features needed could be such as importing or exporting information. Situations could arise where it is necessary to link the payroll software with other software in use by the corporation. Examples can be taken of a biometric machine wherein it might be necessary to keep track of the employee’s in and out timings to calculate the total pay.
- Generation of reports
Reports are an essential part of the functioning of any organization. Reports are needed for audits and for year-end reviews. As such, it is important that the software should have a report generation feature. The report could be about a particular employee’s details or of many employees. The report could be used to study the statistics of growth and productivity. It could be used to monitor the expense and losses.
- Timely transactions
A complaint that can often be heard from employees is delay or untimely payment of salary. Such matters will not have to be a factor for worry with payroll software. The software systematically ensures timely and accurate payment of salary for the employees. Partnerships can be made with desired banks for the salary payment.
Conclusion
Whether you are a company that is just starting up or an existing company, having HR and payroll software will make management a lot easier for you and your staff. It is not only beneficial to the company but to the employees as well. For the company, it becomes easy to manage the personal details of each employee and keep track of their payroll systematically. For the employees, they can have access to detailed information on their payroll, what cuts are being made or what is being added as a result of their efforts. When looking for the right payroll software, make sure that it has a free trial feature, that it is easy to use, and is secure. The software should also be able to integrate with other software and scale up with the company’s growth. It is important that the software should be able to generate reports.
