If you are in business, you can’t get away from managing people and payroll, a big part of running a business. And the same applies to the Philippines. Helping organizations is the right HR and payroll system in the Philippines that helps save time, reduce errors, and keep employees happy at all times. Yours could be a small team or a growing organization, a good HR payroll management software is more than an essential. It’s almost like a breath of air. If you stifle it, you won’t live to tell the tale.
What features to look for in a modern HR and payroll software for small business and large enterprises alike we mention below.
But before commencing, we need to ask ourselves why a Smart HR & Payroll System Matters to any organization.
Because no organization can move in the right direction while employee details, records and data aren’t updated and in place. To that extent, a good HR and payroll management software takes care of employee records, attendance, salaries, taxes, and compliances (government reporting)—all in one place! Not only does it reduce manual work, it does so while doing away with the likelihood of silly mistakes while keeping compliances and filing up-to-date as per the local, regional and national laws of the Philippines.
With personal details kept track of, and to everyone’s satisfaction with the use of the right payroll systems, businesses can whole-heartedly focus completely on business and organizational growth.
Key Features to Look For in HR and payroll system in the Philippines:
1. Automated Payroll Processing System:
No more sitting down with calculators and excel sheets to get things in place.
The HR and payroll system automatically computes salaries, taxes, benefits, and legal deductions which could include SSS, Pag-IBIG, PhilHealth, and withholding taxes. Ideally, any system calling itself the best HR and payroll system in the Philippines ought to allow fast, accurate and easy generation of payslips and reports.
2. Time and Attendance Integration
With remuneration in almost all cases being linked to attendance, any HR payroll management software ought to correctly and accurately track employee attendance for accurate calculations down the line.
You thus ought to choose a system that connects biometrics or any system that records arrivals and departure of employees with the system. Doing so, the system with such integration ought to calculate overtime, leaves, and late entries without minimal manual inputs.
3. Compliance with Local Laws for Labor
Rules in almost all cases are made by the executive or the judiciary. It’s being communicated sometimes takes time and is precisely the reason companies sometimes default when it comes to compliances and reporting. For an organization’s HR and Payroll to remain ever-compliant, the HR payroll management software being evaluated must have the ability to update things regularly to reflect local labor laws and government reporting formats- if possible on its own without having people to take manual care.
4. Self-Service Portals where Employees punch in their own details
The best HR payroll management software lets employees play a part by entering information about things like leave, hours, loans etc. This portal also gives staff the ability to check their payslips, give leave requests, and update their information as and when they become aware. Besides reducing workload on HR, it increases accuracy and makes employees more aware and responsible.
5. Cloud-Based Access
In today’s world with increasing cross-border fluidity, mobility matters. In fact, it matters so much that without it, there is every possibility that an organization doesn’t grow beyond a point. As such, a cloud-based HR and payroll software for small business ensures access anytime, from anywhere helping teams working remotely (irrespective of reasons) to do things instantly in the interest of the organization.
6. Scalable while being customizable
Your business will surely grow. What may not are your systems. Imagine a scenario where they do- and do so at the same pace as now while taking care of all future eventualities. No, this isn’t a dream but a reality that one must look forward to in the form of a software that in equal measure also helps and allows for easy customization to fit your needs. That besides, an HR and payroll software should also support multiple users, departments, and different pay structures as an organization expands.
7. Analytics
Data available at one’s fingertips determine the truth of reports and efficacy of one’s decision..
Any modern payroll systems that you are looking up to should offer real-time reports on salaries, taxes, attendance, and trends. This would surely helps with planning, budgeting, and auditing of the HR and its relation with the organization
Bonus Features to Consider
- Mobile apps for employee convenience- at least the employee portal part
- Data security to protect sensitive information
To sum up, the right HR and payroll management software being considered can make a big, big difference in keeping one’s business compliant, teams happy, and operations smooth. Be it a startup or a growing enterprise, do think strongly about investing in a HR and payroll system in the Philippines as a truly smart step ahead.