Solve Recurring Employee Attendance Issues with Payroll AutomationJudah Hirsch
Growing your business can be very challenging when you have employee attendance issues. Kanken Mini Here’s a quick story about how a BPO company learned that the hard way.
After passing up on the chance to upgrade to a less tedious payroll system, the company started facing one problem after another. Two months after, they discovered that there are still at least 10 former employees receiving their full monthly salaries.
Apparently, those 10 employees were still tagged as “Active” on the payroll officer’s manual spreadsheet. Fjallraven Kanken NO.2 They ended up wasting six months worth of wages to these separated employees. The cost of this tiny mistake amounted to hundreds of thousands of pesos, not to mention the job of the payroll officer.
A year later, they dealt with an even bigger price tag. asics gel kayano new balance france Dishonest reporting of overtime led to overpaid employees. adidas chaussures The company also faced penalties due to miscalculation of SSS benefits and taxes. To top it all off, they had multiple lawsuits from complaints of disgruntled employees. buy ff14 gil These issues resulted to almost PHP 1 Million worth of damages. This was a far cry from the price of the payroll software the BPO neglected.
The Downside of Manual Payroll
- being prone to errors and fake entries;
- the process alone is time-consuming;
- depending on the size of the company, there might be a need for several people to handle payroll;
- backlogs due to the tedious process; and
- complaints and irate employees, If not done properly.
These were some of the problems encountered by the BPO company. Mochilas Kanken Classic They invested too much on manual payroll which only resulted to the company losing a lot of money.
Solving Attendance Issues With Payroll Automaction
In the Philippines, payroll processing is complex because computation of government benefits must be taken into consideration.
Each employee will be in a different group and thus a different deduction. There are also certain benefits that are required by the law. ugg bottes These benefits may be difficult to manage if done through manual computation and tracking. buy ff14 gil asics gel lyte 3 soldes Take for example, the number of vacation and sick leaves of employees every year. If you do not keep track of these on a regular basis, it will be easy to commit mistakes and end up managing irate employees.
These are just some of the issues that a payroll software can solve. It empowers employees to file and keep tabs on their remaining number of leaves while recording every employee input into the system. This saves HR a lot of time and mistakes. Employees can also keep track of their time record. ugg pas cher Having a payroll automation can prevent a lot of disputes from happening before employees get their salaries.
An Accurate Payroll System Helps Resolve Attendance Issues
Investing in payroll automation comes with a price. There is usually a set-up and training fee. nike air presto Fjallraven Kanken Backpack This also covers entering all of your employees’ data and training your payroll team to use the software. Fortunately, some companies actually let you use their payroll software for free.
There are a lot of important benefits of having an automated payroll system in place such as but not limited to:
- HR getting less to none complaints about salary inconsistencies;
- changes can easily be reported and addressed even before the pay is released;
- HR can determine right away if an employee is trying to outsmart the system by reporting false overtime hours and clock ins;
- saving a lot of time for HR so they can also tend to other important tasks; and
- less paper clutter
The key benefit of using a payroll system is having the highest level of reliability on your data. There are employees who do not really care about attendance because their bosses are not strict with the company’s attendance policy or they rely on someone else to buddy-punch for them. When left unchecked, employees will continue to do such actions at the expense of the company.
The solution is to use a biometric system where employees must have their fingerprint scanned for them to clock in. Kanken Mini This makes the system less prone to tampering. new balance soldes Having a biometric system will push for the employees to be more attendance-conscious.
Why Payroll Automation is the Answer
A reliable payroll system is essential in running a business.