If, on the other hand, you could benefit from streamlining your HR and payroll system to save time and money, improve compliance and avoid mistakes, read on.
Fully automated payroll and HR systems can increase the efficiency of your operations and improve your bottom line.
You will reduce manual admin, be able to make more informed decisions and gain control of your data, processes and staff records.
Know more on the topic
Top 6 benefits of automated payroll and HR
1. Ensures legal compliance across any geography
A single, unified system combining HR and payroll such as Zalaris’ PeopleHub Solution safeguards all your workforce data in one place for the whole of the employee lifecycle, from onboarding to retirement. Answering your governance and compliance challenges, it is robust, Cloud based and GDPR compliant, with one contact record and automated processes.
Multiple levels of security keep all data confidential. For multi-country payroll, it is especially important to get a singleview across any geography. This is especially important as it allows when it comes to ‘one view’.
2. Improves accuracy and efficiency
HR and payroll automation improves accuracy. Creating or updating a record only needs to be done once, because a file updated on any system is automatically updated everywhere in real time. Data is consistent and simple to find, duplication is eliminated, paper files are redundant, and the HR team saves precious time.
3. Reduces manual efforts and associated costs
Automated payroll and HR processes reduce human involvement and remove admin burdens. Employee self service functions give staff immediate access to pay slips (invaluable at important moments such as applying for a mortgage), they can book holiday time, use pay-on-demand services and benefit from an alumni portal when they leave … all without overwhelming HR staff with questions. For onboarding, you can set automatic alerts so no one forgets milestones like probation.
PeopleHub can also carry out automated retrospective payroll, so backdated changes can be correctly recalculated in current payroll periods for tax and insurance purposes. This is a very powerful benefit that dramatically reduces manual effort in an otherwise human (and often incorrect) calculation.
4. Eliminates risk of human error
Working with a single automated source of HR and payroll data removes uncertainties, you never mislay files or lose paperwork, and business continuity is assured when staff are absent. There is no longer a risk of error when data is transferred from one system to another, and no downtime in fixing mistakes.
Arduous manual tasks such as mass data input or processing timesheets are also banished. Data input carries a high error rate as staff hit wrong buttons, become distracted or lose concentration. Automated systems capturing and processing data are never impacted by human failings.
5. Brings better visibility and decision making
Fully automated payroll and HR systems bring you strategic advantages because they are data driven in real time, serving up the latest information for informed decision-making. You will gain a 360o view of the entire workforce, see enterprise-wide records or drill down into departments or at individual level. Reporting provides insights into performance management as well as succession planning, and can also identify hidden costs such as absenteeism. Automated triggers warn of problems ahead, and data offers HR teams the evidence they need when it comes to having a difficult conversation with employees.
6. Allows all the benefits of integration
Integration is a massive advance for dynamic companies, especially with new SaaS-based solutions and easy API connectors. It is possible to obtain the best ‘turnkey’ solution with efficient integration to some of the best solutions in the market (such as clock-in systems, travel and finance.)
Because HR and payroll are too important and sensitive to hand over to any provider, be sure to choose a specialist with a proven track record, technical expertise and first-class customer support.
Contact us today to discuss what PeopleHub can do for your business.