How payroll software makes payroll processing easier for remote workers
Mar 05, 2022
What is the secret behind running a successful business? It is definitely efficient payroll processing. Understanding its importance in the organisations, the HR managers plan and invest a lot of time and resources in payroll management for their employees.
According to a survey, many small and large business owners spend more than 50 hours on payroll tasks and tax calculations each year. It is not manually possible to keep an account of all the payments and tax updates. Moreover it is extremely exhausting to keep a track of the employee records, updated salary structure and tax filings, wages, attendance records, bank accounts of all employees.
To keep your productivity culture at a high level it is crucial to reward your HR team and employees with an easy and transparent payroll software. The right HR payroll software for your organization can help in managing, automating and maintaining payroll processes. In addition, it helps in compiling and calculating payroll of employees online on a secured platform.
Do you know how fast Wallet HR can process payroll for 1000 employees? Yes, you heard it right. It is 3 minutes. It is the easiest payroll software as we provide a 3 step epayroll system which is simplest and the fastest in the industry.
Successfully managing payroll for remote employees
Remote work has been increasing in recent years. Moreover the global pandemic made remote work even more prevalent. More than 85% of managers predict that teams with remote workers will become the norm.
In the midst of never ending changes related to remote work, you need to ensure payroll is done on time. Managing payroll is significantly more complex for remote workers. Employees' morale and the organization's reputation may be affected by delayed payroll operations, and in some cases it may even be the only reason your employees leave the organisation.
Hourly employees working remotely can be difficult to manage, especially when it comes to payroll. We at WalletHR, specialize in making those situations easier on both parties.
There are a few benefits why payroll software comes in handy when dealing with remote workers:
- Error free calculations
Since employees are working from home, there are chances to make errors and even a slight mistake could create problems for the company. An online payroll management software can process payroll better as it is automated and paperless.
- Monthly reminders
Due to working from home, HR employees might lose track of time and forget to process epayroll payslips. Here the payroll management software comes handy. Custom reminders can be set within the software to ensure that you meet all deadlines on time.
- Secure data
Data security is very crucial as there is detailed information of every employee working in the organization. Payroll service providers like WalletHR ensure that all data shared is encrypted and stored securely on the company's servers.
- Cost effective
Automated payroll platforms can help you save a lot of money compared to manual payroll processing. With professional services, your business can cut costs and improve returns.
Wallet HR helps in saving at least 10% turnover year on year.