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      • Payroll has been re-imagined as a stress-free experience.

      Payroll has been re-imagined as a stress-free experience.

      • Posted by Mahila
      • Categories Blog
      • Date January 27, 2022
      • Comments 0 comment
      What is HR and payroll?
              An HR Payroll Software is beneficial for any kind of business enterprise. Human Resource department performs various activities such as payroll processing, maintaining salary details of every employee in the organization, keeping track of deductions, time and attendance, loans, allowances, and bonuses
      Payroll processing is an essential business function that involves arriving at the ‘net pay’ of the employees after the adjustment of necessary taxes and deductions.
                                   
      What exactly is payroll?
           Payroll is the process of paying a company’s employees, which includes tracking hours worked, calculating employees’ pay, and distributing payments via direct deposit to employee bank accounts or by check.
          For an efficient payroll management process, the payroll administrator needs to plan the payroll process step-by-step.
          Employees: Income tax declaration, facilities a…
          HR team: Salary structure, eligibility for benefits, 
          Leave and attendance systems: Data from attendance
          Finance team: Deduction for recoveries. etc.

      What is Payroll Processing?

      Payroll processing in HR is an elaborate process that involves a lot more than salary calculations. The process can be intimidating if you do not know how to go about it which is exactly why this handy guide will navigate you through the intricacies of payroll processing.

      A step-by-step explanation of Payroll Processing in India

      What is the meaning of Payroll Processing?

      Payroll processing is an essential business function that involves arriving at the ‘net pay’ of the employees after the adjustment of necessary taxes and deductions. For efficient payroll management process, the payroll administrator needs to plan the payroll process step-by-step.

      Everything you need to run your payroll:

      • Straightforward setup

        Enter your organization details, tax information, employee details, salary components, and pay schedule to get your payroll up and running right away.

        Multiple work locations

        While you continue to expand your business, we help you to distribute the same perfect payslips across all your branches in different states.

        Personalized salary components

        Choose different allowances, earnings, reimbursements, and perquisites for different employees. Easily enable or disable individual components, and RayaFeeL Payroll will adjust to your settings and calculate the right pay.

         

         

      Tag:#HR, #HRServices, #PayRoll, #PayRollProcess

      • Share:
      Mahila

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