Payroll in India was once upon a time considered to be part of Accounts Department. HR Payroll Systems was created to assist HR professionals with the identification, evaluation and selection of HR software (HRIS). Whether you’re looking to automate a manual process or replace vendors. Payroll refers to the process by which employees receive their salary. Functions involve balancing and reconciling payroll data and depositing and reporting taxes. The payroll department takes care of wage deductions, record keeping and verifying the reliability of pay data. The payroll department delivers payroll checks, maintains compliance with tax laws, records paperwork for new hires and edits existing employee files. Payroll professionals are also responsible for calculating reimbursements, bonuses, overtime and holiday pay.
Human Resources (HR) and Payroll offers fully integrated functionality enabling HR and payroll departments to access, process, operate and manage all aspects of the organization’s hire-to-retire cycle and payroll functions. Payroll is also a sensitive matter as employees may have queries when they receive their payslips. Not to generalise, Accounts personnel are not very much the right persons to have the kind of human relations skills to answer such queries with empathy and patience. So, Payroll also became a matter of human relations over years when employees mattered.
Currently human resource management systems encompass:
- Time and attendance
- HR management information system
- Recruiting/Learning management
- Performance record
- Employee self-service etc.
Managing people within the organization, the human resources department aims to bring out the best in employees, thus contributing to the success of the organization. The primary responsibility of the human resources department is to hire new employees, and this involves attracting the right candidates for available positions. The linkage of its financial and human resource modules through one database is the most important distinction to the individually and proprietary developed predecessors, which makes this software application both rigid and flexible.
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