Article Summary – I found this article on Ezinearticles.com. It does not provide much detail on HR Payroll software but it does provide a good overview for someone just starting the process of researching this type software. If you are just starting your search, make sure to download our Free HRIS Buyer's Guide which provides a ten step process for selecting HR Payroll software applications.
HR Payroll Software
Human Resource and Payroll software can be defined as a comprehensive accounting solution to meet the demands of modern day payroll processes. Payroll requirements are unique and most of the HR payroll packages are flexible and diverse to accommodate the most complex requirements across industries and organizations. Modern day HR Payroll software packages are versatile and user friendly. This enables the user a choice of sort order, selection of branch, department, position, etc. and other parameters to generate payroll output as per requirement, either on screen or as hard copies. Today's packages have a built-in facility to directly mail the salary slip electronically to the employees. It will also have facilities to send salary statements to other branches, salary disbursement outputs to banks as per the bank's format.
Functionality, quality, and quantity of HR Payroll software packages has grown over the years and each company that provides payroll solutions ensures that their package is totally adapted to the requirement of the user. Modern payroll packages are user interactive, i.e., it will have a web based module which allows intranet or internet based interfaces for employee self-service. This allows each employee in an organization to view and update certain payroll related information such as income tax computation, leave data, loan data, etc. The salient features of modern HR payroll packages are flexibility, versatility, easy creation of employee details, convenient modules to update data and transfer of data such as salary reports, etc. It will also have modules that would enable the HR staff easier access to monthly loan reports, periodic reconciliation reports, and employee related details such as leave reports, income tax reports, etc.
Most of the big organizations rely on their IT departments for the payroll software, but it is the HR department's responsibility to ensure that the software contains all the necessary modules to manage all payroll functions. Payroll solutions are also available for small and medium-sized organizations; but, before approaching any vendor, the HR staff should be very clear about their payroll needs. Irrespective of whether a business is big, small or medium-sized, payroll packages should be full functioning and reliable for an unlimited number of employees.