The Payroll Discourse: – On-premise vs Cloud Payroll Management
Payroll processing is a time and labor-intensive process. It includes preparing inputs, processing retrospective and LOPR arrears, overtime, salary, ensuring that the statutory calculations are accurate, generating reports, making payments, keeping records of personnel and overtime and more. On top of it all, there are also issues such as attendance monitoring as well as ensuring correct deductions.
Alt Payroll makes compensation and payroll management as simple as a flick on a mobile. Be it easy data access and verification, compliance readiness, single click processing or access to 500+ pre-formatted configured reports, the product has it all. Not just that, you can access it anytime, anywhere.
Payroll and HR are at the core of every organization.
Sustainable growth in the manufacturing sector will remain a challenge Even as the government’s focus on ‘Make in India’ is set to propel the manufacturing sector, corporates across industries are readying to shell out more to their employees. HR experts contend that manufacturing companies could be offering higher salary increases this year.
Every employee knows that payroll teams have the most monotonous or clerical jobs of spending most of their time manually updating all the payroll related details.
Now imagine, one system performing all these functions and is available anytime, anywhere, scalable and user friendly simultaneously. No matter how big or small a business organization is, it needs a customized payroll system on the cloud.
Compensation management is one of the trickiest processes to oversee for any enterprise, because any errors will impact the direct payout to the employee, and the last thing that companies want is – angry employees.
At PeopleStrong, we help you gain maximum traction from your compensation workflow by automating it and assimilating it with all related processes.
For those of us who are in business, the steady rise in mercury this year is not just because of Indian summer ?. While M&A activities are not new in the Indian Market the temperature rose as we witnessed scorcher of a monumental deal between “Flipkart – the virtuoso of E-commerce”, and Walmart- “”the world’s biggest retailer.
Is your payroll software like an unwieldy piece of furniture- not the most comfortable to use but too heavy to move? Or is it a huge liability to your business?
You cannot hope to run a business successfully if your payroll is riddled with holes. It is what keeps the employees working and the business humming along.
To raise or not to raise?
This is one question which haunts startups in the initial stages. How much equity should they dilute early on? Should they delay raising funding in wait for a better valuation? How should they decide who is the right investor and advisor? How early on should they set up a properly functioning board?