The title How Payroll Management changes work life is strange but not a myth. Payroll Management improvises the way organizations work – here is how?
Payroll is often understood as a boring subject to read about but those who understand the importance of finances in connection to the hard work we put in our everyday work life – need to know everything about Payroll Management.
The payroll departments are pressed with lot of additional responsibilities owing to several norms being introduced every day in the name of employee development and empowerment. The good news for those evolving corporates is that- technology is there to help the payroll companies and departments – to customize and update the payroll structures as per the company requirements.
We all know that Human Resource Management is evolving like never before, the systems are being developed with growth orientation and innovation, to make businesses more enabled and efficient.
Data Management and Tactics
Today the employee details and workforce data is measure & managed as the cricket matches. Where you know the precise analytics up to the possible level. This is a good sign as the companies who manage data with such detailing always perform better in both efficiency and effectiveness.
The growth in technology enabled HRM systems has really brought Payroll Management to a strategic importance. Therefore, we can say that datafication of HR processes is allowing better decision making and henceforth, improvised results in quality of hire, strategic role management, leadership and also reduced attrition therefore better employee turnover.
The improvised data crunching is also facilitating organizations in salary management, benefits, pay rates, attendance and leave calculations etc. And hence making work life smooth, accurate and thereby giving a rise to employee happiness index.
Payroll improvises the Governance issues
An organization is governed through proper payroll management, timely integration. At DKM Online, we believe in system integration as the base of all functionality. Be it about information security, confidentiality, privacy and controls – system integrations enable proper governance.
We believe if our processes are integrated with the client’s processes, the issues like non-compliance get reduced to a larger level. Also this saves additional costs on labor and supporting processes. Therefore, making the entire payroll management service optimal and secure.
DKM Online understands the significance of an organization as an employer brand entity and insists of process management through integration as it can lead to a dent in the reputation and hence negative publicity which is grave in context to India.
The higher the organization, the higher will be the level of integration with DKM Online. Be it for payroll services, attendance and leave management, employee schemes or retiral benefit schemes or compliances.
Self Service Portals
The number of smart phone users is increasing in India every day. Self-service portals, mobile apps are the way of life for urban users and DKM Online is constantly trying to get better and approachable.
Going by the databases and employee preferences – we are approachable through web, email and social networks. Since Data Security is evolving every day, we are still assessing the possibilities for an app. Also it is equally important to understand the employee opinions. Some are happy with the online versions whereas few are of the opinion that ability to access data will be even amazing.
An app allows easy and quick access of work schedules, leaves, pay slips etc. The all-time accessibility is an edge and is also revolutionized the way payroll management works.
The above are the reasons how payroll management changes is changing the way organizations work these days. If you feel the need to revolutionize the way your organization works, feel free to get in touch with us.