What are the features of payroll and HR software?

 

payroll software in Malaysia

One of the most essential departments of any company is HR department. Similarly, another essential part of a company is payroll. The key responsible area of an HR is to do recruitment, employment, taking care of the on time salary and other reimbursement procedure, and so on. To smoothen this procedure the majority of companies have installed HR software. On the other hand, companies are also welcoming payroll software in order to execute an error free salary disbursement. Both HR software as well as payroll software in Malaysia, is used by eminent organization.

There are some key features that the organizations are using this software. Let’s have a brief discussion on that: -

Payroll software –

• Error free accounting — By using the software, the HR and accounting team are not doing any salary or other reimbursement related issues manually. Therefore, it has decreased the human error, more time consuming.
• Records pay slip — Keep records of pay slips in order. It acts as the sole repository of employment data and document. It includes more additional features like experience letter, organizational chart, employees’ profile, occupational safety and tax, and offer letter.
• Earning tracker — It one of the best features. To execute this, the system requires some more additional elements as in — Calculation rules with payroll software in Malaysia, Allocation rules, Premium pay and basic pay, overtime pay, Tax earnings, Worker-specific earning codes, Earning division on bonus tips or work performance
• Security — The primary feature is data security, all data in put in the system will be encrypted. This software has password protection, so no chance of licking out any payment related data of the employees.
• Accuracy — It maintains high level accuracy in terms of payment disbursement. It executes audit reports, leave status, direct labour distribution documents and so on.

There are lots of software companies in Malaysia. They take care of the key features while making HR and payroll software Malaysia. These software companies even marketize their products in international markets.

payroll software in Malaysia

HR software –

• Recruitment and hiring — It is the main responsibility of HR management. This software helps to keep record of the data of candidates who the HR has been interviewed. The software creates employee codes, induction, maintains leave status etc.
• Maintains KRA or Key responsible area — Of an employee. It includes features like employee performance, their behavioral tests, competency tests, reviews and feedback.
• Benefit management — Of employees as in keep record of leave status, uploads information regarding medical insurance, pay slips, travelling allowances, retirements plan. Manages employees’ grievances too through this system software.
• Maintains accuracy — It is similar as payroll software. Here, employees’ data have been maintained in full accuracy.

Malaysia, being one of the hubs of international level marketplace, the country has to many eminent manufacturer companies, who are preferring payroll software in Malaysia, to maintains the accuracy in their salary process.

Both the software is time consuming, executes error free works. Every company wants a high security system software. After studying the above features, it can say that both are complement each other. Therefore, both the HR and payroll software Malaysia, the country use these almost in every organization.