For MSMEs in the Philippines, building this relationship is of utmost importance. After all, most start-ups only have anywhere between 10-100 employees. With such a small number, it is important to keep everyone tight-knit and happy. Here, administrative work becomes crucial.
One way to do this is to ensure that the HR department keeps employees engaged, with transparency and integrity from everything from employee data to payroll.
In fact, processing the workforce’s payroll is just one of the many functions of a business’s human resource department. This process is essential, and using automated payroll software enables the HR department to prioritize other tasks related to strengthening employee relationships and meeting business objectives.
An automated payroll presents a win-win situation for the HR department and the employees. The HR team can spend much less time updating employee documents, tracking employee attendance, or submitting compliance documents. They can now focus on relationship building and upscaling the business and its employees.
GreatDay HR, the Philippine’s premier full-suite HRIS & payroll software tailored for micro-, small, and medium enterprises, includes many rich features that pose several benefits to help out any company’s HR department.
There are many benefits to investing in automated payroll software like GreatDay HR to assist in administrative tasks. Here are some of them:
1. Cost savings for your business
At first, payroll software may seem costly. However, it is a worthy investment that benefits the business in the long run. For instance, the business does not have to dedicate manpower to update employee payroll. GreatDay HR’s payroll software will do it for them. Another cost-saving benefit of the software is that it saves time for the business’s current manpower. On top of this, GreatDay HR provides packages for MSMEs: begin with GreatDay HR Basic for the most essential processes, and add on configurable features as your company grows.
2. Easy to use
Apart from the initial learning hurdle, GreatDay’s full-suite HRIS & payroll software is easy to use and very intuitive. It has a dashboard that both employees and the HR department can access. GreatDay HR offers an HR management and payroll software that enables the workforce to access various features to help them as they work. These include:
Easier time-in and time-out wherever one may be, especially when taking on a hybrid work arrangement
Easier attendance tracking with AI facial recognition
Safer attendance-taking for on-site employees thanks to an intelligent temperature checking system (ITCS)
GreatDay Meet for a native, company-wide meeting platform
3. Saves time for employees
Automated payroll software usually benefits the HR personnel more as it enables them to spend less time updating spreadsheets and crunching numbers. But, did you know that it also saves employees time? An automated payroll allows employees to update their timesheets, file their leaves, and update their documents.
Employees can file leaves in-app
Employees can track their own attendance and issue corrections within the app
Payroll is more accurate with this automated time-keeping
Data and documents are kept up to date (but editing data will still require permission from HR personnel, for added safety)
4. Accessibility and safety of data
As more businesses transition to a hybrid work setup, having access to employee documents and reports wherever and whenever is crucial. Reviewing the business’s performance and compliance is needed to create informed decisions that affect the business. These data are readily available through GreatDay HR’s payroll software.
Employees can also readily access and update their information through the software, but as mentioned, will need prior access request from the personnel. Requesting for their records is also easy as they can download them directly using their accounts.
GreatDay HR complies with EU General Data Protection Regulations (GDPR) and the Philippines’ Data Security and Privacy Laws, so both employer and employee can be assured that company and employee data are safe and secure.
5. Accuracy of data entry
One of the contributors to unwanted expenses is faults and discrepancies in records, documents, or requirements. The effort it takes to revise and update these documents takes a lot of time, affecting the HR team’s time for other tasks. With automated payroll software like GreatDay HR, it is easier to revise these errors.
The software also helps ensure consistent and accurate payroll computation. This saves time and lessens headaches for both the HR and the employee as the correct deductions are consistently applied. The payroll is disbursed on schedule as well. On that note…
6. Ease of tax preparation and filing
… Philippine taxes are also already configured within GreatDay HR’s payroll app so that HR personnel need not worry about that!
Filing tax documents and computing for tax deductions and contributions are both time-consuming and expensive. With GreatDay HR’s software, tracking tax policy updates, meeting deadlines, and calculating the employee’s withholding tax is done in a few clicks.
What’s a good automated payroll software for my business?
While there is automated payroll software hailed as one-size-fits-all-businesses, it’s best to get one that caters to your business’s workforce demographic. SunFish DataOn, one of the best known HR management and automated payroll software providers in the ASEAN region, created its local counterpart tailor-fit for the Philippine market: GreatDay HR.
GreatDay HR is an HR management and payroll software created with the Philippine market in mind. GreatDay sets the local requirements, documents, and deductions to avoid errors in computations. Not only that, but the company also considers the country’s local holidays and events for easier filing and implementation of holidays.
Whether you’re a budding business or a seasoned conglomerate, an automated payroll is a must, particularly these days where digitization and digital trends are the norm. It is best to invest in the right one that’s tailor-fit to the business’s needs and objectives. Invest in GreatDay HR.
If you’d like to see if GreatDay HR’s full-suite HRIS & payroll software is fit for your business, contact us for a free demo today! Visit http://greatdayhr.ph to book a demo and to learn more about the software’s features.
GreatDay HR is one of the platforms offered by SunFish DataOn Philippines Inc. (SDP), the leading provider of cutting-edge Human Resources technology solutions used by thousands of companies in the Asia Pacific region, including the Philippines. Together, with its sister companies, Humanica Thailand and DataOn Indonesia, SDP creates HRIS and Payroll Solutions for employee empowerment across the board. With its 80+ staff and growing in the Philippines, SDP offers a comprehensive and smooth support service to all its valued clients.