July 14, 2024
Human Resources

Are You Investing In The Right Payroll Software? Check Now! Ft. HROne

Since the outbreak of COVID-19, more and more companies are inclining towards technologies like never before. As a result, there is no dearth of HR-tech solutions in the Indian market today. Employers can get their hands on hundreds and thousands of options. However, sometimes employers may end up investing a large amount of money in a solution without knowing what they are putting their hands into. While the whole decision of incorporating technology such as HROne is great but if gone wrong, a business may have to pay a huge price along the way. So, it is crucial to have the right information before choosing a system.

Talking about HR operations, we would like to discuss one of the most important tasks, i.e. payroll management. When it comes to payroll, companies should go for one of the best payroll software in India. This is when a big question arises- how do you know if you are investing in the right payroll solution? To get an answer to this question, you will have to continue reading and answer five more questions.

So, without any further ado, let’s dive into the blog.

Is the system scalable?

Human resources operations are almost carried out the same in every scale of enterprises. Although there are a few tasks that vary from company to company, payroll is an operation that is integral for every business, be it small or large. Let’s face it, every employer out there wishes to simplify the payroll process. So, the first thing to check in payroll software is its scalability. If a solution fits ‘n’ number of employees, then it can be considered the best one to purchase. In simpler words, the software should scale according to the growth in the range of an organization’s employee base. If it doesn’t, it won’t reap any benefit to your company in the long run.

Does it offer the right features?

A good number of businesses in India do not know the exact definition and purpose of using a payroll solution. They think that such systems are used for streamlining and automating the earnings and deductions of employees or transferring their salaries in a timely manner. On the contrary, there are various other elements included in processing payroll such as:

  • Salary calculation
  • Tax filing services
  • Compliance management
  • Direct deposit
  • Expense management
  • Reimbursements
  • Compensation administration
  • Employee self-service
  • Detailed payroll reporting

While selecting a payroll solution, check and ensure if it offers the aforementioned features or not. Need to mention, only the top-notch payroll software in India comes with all of these features.

Is it flexible?

From the previous point, you may have understood that payroll is a combination of a host of functions and hence, not a single feature should be overlooked. That being said, one crucial feature a payroll system should provide is flexibility. Flexible payroll systems not just grow along with a business but also expand as per its requirements. Now, we all know that when a company is a startup, the needs are comparatively less but as it grows, the goals get bigger and requirements become higher. Keeping this in mind, you should check whether your payroll software is efficient to adopt new features as well as smoothly integrate with your existing modules/functions.

Does it offer mobile accessibility?

We are living in the automation era where every other person uses mobile phones and applications. In such a case, why should payroll processing be bound to desktops and those stagnant systems? HR managers should be able to carry out every task on the go. For that, you should look for a system that can be used from anywhere, anytime, and also using any device. Need to mention, several payroll systems today offer mobile accessibility that allows HRs to manage payroll-related duties from any remote location.

Is the learning curve low?

Without a doubt, getting used to a new technology takes time but it should not take weeks or months. That being said, search for a system that comes with all the necessary features as well as has the fastest adoption rates. We are in the middle of a pandemic and time is everything right now. That being said, do not end up purchasing a solution that is complicated to adopt as it will keep employees away from their important duties and responsibilities. So, choose a system with a low learning curve. If you invest in such a system, your employees will face no challenge in learning and adapting to it.

Also Read: What Are the Main Advantages of Outsourcing Payroll?

So, these are the five questions that you need to consider when investing in payroll software in India. If you answer yes to all these questions, then you are definitely purchasing the right software for your organization.

We hope this blog simplifies your selection process and helps you to get your hands on your dream payroll software at the earliest possible.

Amit Kumar

Amit Kumar is a Digital Marketing Strategist in a leading organisation. A creative marketing strategist with over 8 years of experience developing digital marketing strategies and guiding business development