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    The most complicated part in calculating salary of an individual is his attendance. Mostly HR spends the month end in arriving at the present days of an employee for calculating salary. The problem is compounded when there are many rules that needs to be applied in attendance while processing payroll. The rules may pertain to late coming, early going, permission, overtime, compensatory off, working on a weekoff/holiday, working continuous shift, break-shift, working night shift, leave rules, etc. If the organisation has multiple locations, the data synchronisation is normally a challenge and the attendance is manually pushed from locations to the Corporate office for payroll process. This results in inaccurate data since the data is prone for change in excel. Management is not aware of the attendance accurately when it really matters Different organisations follow different rules pertaining to a time office event making the logic complicated. Since all these events have some impact on the payroll, HR spends most of the time in manually arriving at the numbers of these events before processing payroll. Wallet HR, attendance module addresses all the above concern thereby ensuring free and perfect flow of attendance to payroll without any manual excel changes. The solution is offered with the right hardware that is suitable for the organisation. Various type of devices that can be integrated are bio metric, card reader, face recognition and SIM based devices where there is no need for local network connectivity.
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    Why you should automate your company’s Payroll Process: The payroll process can be simplified best with the help of Wallet-HR solution so that the work is done in a progressive manner. Since all components are pre-configured and formulas are auto generated and also dynamically set with Wallet-HR, double checking of salary numbers during month end process can be avoided. Also the biggest significance of the system is that the following of government rules and guidelines in the computation of taxes to be deducted from salaries becomes an easy task and the company is freed from worrying about proper calculation of tax. Considerable amount of effort and time is being spent generating PF ECR / ESI Reports / PT files on excel. However, having statutory payments handled by a system ensures it is done on time and no mistakes are made. On automating the payroll process, attendance of employees can be closely monitored and since the system is integrated to payroll, it also calculates leaves, salaries, taxes and other allowances. The system’s functionality can also be expanded as and when requirements arise. The system also allows you to generate various reports on various processes like – Attendance or payroll related in a matter of few minutes with the Data wizard menu. Mailing or generation of employee’s pay-slips is done in a matter of one click and shared across all departments. The system proves to be not only efficient in working, but also makes sure that it is easy for the HR teams or employers to use. The biggest advantage of the system is that it helps in cutting down on the time that is usually required in the calculation and disbursement of salaries. So what are you waiting for, call or mail us to view the product and kick-start your automation process. Call: 91-9884432839 Email: Judith@crystalhr.co.in
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    Why you should automate your company’s Payroll Process: The payroll process can be simplified best with the help of Wallet-HR solution so that the work is done in a progressive manner. Since all components are pre-configured and formulas are auto generated and also dynamically set with Wallet-HR, double checking of salary numbers during month end process can be avoided. Also the biggest significance of the system is that the following of government rules and guidelines in the computation of taxes to be deducted from salaries becomes an easy task and the company is freed from worrying about proper calculation of tax. Considerable amount of effort and time is being spent generating PF ECR / ESI Reports / PT files on excel. However, having statutory payments handled by a system ensures it is done on time and no mistakes are made. On automating the payroll process, attendance of employees can be closely monitored and since the system is integrated to payroll, it also calculates leaves, salaries, taxes and other allowances. The system’s functionality can also be expanded as and when requirements arise. The system also allows you to generate various reports on various processes like – Attendance or payroll related in a matter of few minutes with the Data wizard menu. Mailing or generation of employee’s pay-slips is done in a matter of one click and shared across all departments. The system proves to be not only efficient in working, but also makes sure that it is easy for the HR teams or employers to use. The biggest advantage of the system is that it helps in cutting down on the time that is usually required in the calculation and disbursement of salaries. So what are you waiting for, call or mail us to view the product and kick-start your automation process. Call: 91-9884432839 Email: Judith@crystalhr.co.in
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