An organisation is run by its people. Of all the resources, an organisation employs for its operations, be it money, human resource, machines or process, human resource plays the maximum role in the growth and development of the organisation.
As human resource is the prime resource for any organisation, the entire process of hiring to assigning tasks effectively to every worker for the achievement of business results is crucial. In the same way, human resources’ major reason to join any organisation is salary or wages. A regular salary or wage helps one to sustain daily existence. In these scenarios, Payroll & Attendance Management Software plays a vital role in regular business operations.
As on paydays, the hopes of workers soar high, of receiving their payments, the battle of HR starts one week before thoroughly processing every candidate’s salary or wages accurately. Keeping track of the attendance or working schedules of the workforce to calculate their salary or wage erstwhile was a herculean task without any software. But as payroll software like Softweb Technologies’ TORK is gaining prominence, managing the same has become quite easier to handle.
Let’s see how Attendance & Payroll Management software helps any business to increase its efficiency.
- 1. Accuracy & Compliance: The very first reason for increased efficiency for a business unit is that a software solution reduces human error manifolds. Along with that, an automated deduction calculation adhering to tax compliance reduces the chances of manual errors or interventions. TORK developed by softweb Technologies uses unique features of facial recognition along with geo tagging. This helps in understanding the exact location from where employee has registered their attendance with unique facial features.
- 2. Time Saviour: As payroll and attendance get automatically tracked down and calculated by software like TORK, the task of HR also becomes time-saving. HR managers can concentrate more on employee development and other activities.
- 3. Cost Efficiency: A major change that payroll and attendance software solutions bring into the organisation, is turning the entire attendance capturing mechanism paperless. As payroll is too calculated by the software, it brings out the cost-effectiveness of implementation, reducing the cost of papers and other ancillary resources.
- 4. Real-Time Data: As Attendance and Payroll Software Solutions comes up with a dashboard featuring real-time data, it becomes easier for both managers and HR personnel to have a clear idea of how many personnel reported for the job. This facilitates better decision-making and manpower planning for the day or shift.
- 5. Employee Attendance: Well-defined employee attendance software helps you track the real-time attendance of an employee. Employee attendance helps managers to track the employees who have reported to track. Additionally, with geo-fencing technology available with TORK, any employee who has reported attendance from outside the office for an official visit can also be tracked effectively.
- 6. Integration with Time Clocks and Devices. Attendance & Payroll Software can be easily integrated with time clocks and devices. In the modern day, as the world is embracing new and modern technology, an application like TORK does not even require any specific device to capture attendance. A mere Smartphone, with a selfie option available, is enough to register attendance for an employee. Thus this gives an accurate time stamp and location-based attendance of employees.
- 7. Analytics: A comprehensive payroll and attendance management solution comes with a detailed dashboard of all relevant information. Through analytics, the entire workforce’s productivity, trend of attendance, and daily wage calculation for the day become easier.
- 8. Data Security: Payroll & Attendance software contains several sensitive information about the employees. Any unauthorized access or data breaches could be prevented if the software has a robust security system.
- 9. Scalable: Payroll & Attendance solutions like TORK are easily scalable and can be implemented through organizations of any size. Payroll & Attendance Management solutions play a crucial role in the growth of the organization.
- 10. Improved Employee Satisfaction: A vital part of payroll by default ensures high morale for employees. Accurate and timely payroll processing ensures that every employee receives their payments and salary, ensuring consistent employee motivation.
Payroll & Attendance Management solutions play a vital role in an organisation’s growth. As the pre-defined repetitive task of payroll calculation based on attendance is taken care of by the software, the employees of the Human Resource Department can engage themselves in the more productive task of employee engagement and training for the company’s growth.
