Category Archives: Human Resource

Do you love what you do?

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LoveWhatyoudo

The term ‘dream job’ holds different meaning for different people. A good salary, opportunities to learn and grow, employee benefits, and perks are few of the many things people look for in a job.

Sometimes people are really good at what they do and still feel dissatisfied with their work. Then there are others who have the same job for years and one fine day they realize that they do not like what they do.

Every job comes with its own set of challenges. However, things become much easier if you really like what you do. A person works for around 8 hours every day, at an average. Hence it is very important to do what you really love to earn your bread. Easier said than done, finding a job that you love can be really difficult.

Have you found your dream job? Do you love what you do? Here are a few signs that will help you figure out whether you have found the right job.

You like being part of a team

Liking your peers is important since you spend almost half your week with them. If you like what you do, team work will be of utmost importance at the workplace and you will try your best to maintain a good rapport with your co-workers. You will admire the qualities of those who work with you and will help them whenever they would need your help.

Those who are satisfied with their jobs are happy with themselves. They do not feel like they need to prove their worth by hoarding credit for an accomplishment. Instead, they would share it with the entire team.

If you have friends at work and you really look forward to meet you colleagues every day, you really love your job.

You look forward to go to work everyday

Getting up for work every day does not feel like a chore to you. You actually look forward to the new challenges and opportunities which await you.

At work, you do not feel the urge to look at the clock again and again. It often happens that you are so engrossed in a task that you don’t even realize it’s almost time to go home.

Also, you do not dread Monday mornings. For those who love their jobs, weekends are just to recharge and re-energize themselves for the next week. If you really like what you do, you will start your day at work with a smile and try to give your best in everything you do.

Every new task is a chance to learn something new

If you really love your work, you will not dread the project you have to work on or that important meeting you need to prepare for. Each new task will be an opportunity to learn something new.

You will not mind working a little more to get ahead. Working for a few extra hours or taking up extra projects will not be a problem for those who love what they do.

No matter how satisfied you are with your job, there are going to be some tasks which you won’t feel like doing. However if you love your job, these annoying tasks will not really bother you much since you will consider these a small part of a larger project. Instead of complaining, you will try to complete them as quickly as possible.

You feel good about yourself

Other than a good salary, success can also be measured in terms of fulfillment and satisfaction. If your work makes you fulfilled and proud, you are on the right track.

Most of the happy professionals feel that they are an important part of the team and their contribution towards the success of the organization is vital.

The bigger picture

You must always try to see the bigger picture if you seek contentment at work. Successful professionals are aware that their success lies in the success of their organization. They aim at taking their organization to new heights.

If you can relate to most of the things mentioned in this post, you deserve to be congratulated, for you have found the secrets to find the right job! Every job can be challenging, monotonous, mundane, or stressful at some point of time but if you feel fulfilled at the end of the day, it is definitely worth your efforts and hard work.

Why buy software when you can rent software?

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Buy Rent

The prime objective of a business enterprise is to maximize productivity in minimum time and reduced cost, thereby resulting in higher profit margins. For this, they need to do an assessment of their capital and operational expenses and figure out whether it would be in the interest of the enterprise to buy or rent the resources required to carry out the operations. These resources aren’t limited to office furniture or computers. Today, it extends to software that a company uses for managing work and other resources. Therefore the question: Why buy software when you can rent it?

CapEx vs OpEx: Buying a software license for a company is a capital expense and involves high up-front investment. When a firm buys software, it must also spend on resources required for software installation, troubleshooting as well as maintenance activities. This might incur some degree of overhead costs. Rental software saves the business enterprises from paying a high upfront cost at the beginning. The expenditure incurred on rent for the software comes under operational expense of the enterprise. This also leads to tax saving, thus benefiting the organizations.

Agility to respond to market changes: The advancement in the technology domain and the changing business requirements make the installed software become obsolete over a period of time. The enterprises striving to meet their business goals are left with two options – either to replace the existing software with the new software or to upgrade the current software. Going with any of the options involve an additional company expense, having a direct influence on the company’s profit margins. However, rented software offers the enterprises with latest software upgrades that have been rolled out recently, without charging any additional fee.

Improved service and cost-efficient technical support: Purchasing software by a business enterprise entails an additional cost of maintaining the software application. Rented software offers the business users with enhanced service and technical support, thus saving the organization from the human efforts, time and costs that otherwise account for in-house software maintenance.

Pay-as-you-use: The business firms will be required to pay the rental charge for accessing software on the systems on which it has been installed. This is very helpful in tackling scalability issues.

It might also help business enterprises in challenging situations when they need to lay off some of their workforce. If the firm purchased the software, it would continue to pay for it irrespective of the number of employees utilizing the software licenses. But, when the firm rents software, it can cancel the software subscription on those servers and computer systems in use by those employees, saving costs. Alternatively, in case of a seasonal spike in workload, a company might need to increase the users for a short period, which can be done easily by paying more for that period and then scaling down.

No vendor lock-in: Earlier business firms were left with no option but to buy software license from vendors for running business processes smoothly. This made the business users dependent on their software vendors for products and services. Now, with the advent of cloud, many software firms are offering software licenses to business enterprises on rent or pay-as-you-use model to help reduce the impact faced by companies in buying software. By renting software, an enterprise can get the software installed and removed on any number of computer systems depending on the firm’s business needs. It is more convenient for the business firm as compared to purchasing a software license. Most importantly, the buyers are given the freedom to move to other vendors without worrying about any lock-in clauses related to data or migration costs.

Flexible payment options: Rented software also lends flexibility to the companies with regard to the payment options. The enterprises can make payments for the software on monthly, quarterly as well as yearly basis.

In a nutshell, getting software on rent is a profitable proposition for a business enterprise since it does not involve high up-front costs or long-term commitment, thus saving both time and money, leading to increased productivity. Taken together, rented software can play an instrumental role in helping the firms meet their business objectives.

Top 10 hiring mistakes business owners make

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Hiring Mistakes

If people can move mountains with their determination and hard work, one can easily gauge the vitality and strength of a determined human resource lot. Having the best talent work for you can ensure wonders for your organization. The best of the strategies, technology, processes will not give any result unless the best people are hired to manage them.

“Hiring the Best is your most important task”, said Apple Founder, Steve Jobs. The trick to make sure that is the best talent is acquired is by following a near-perfect hiring process. Unfortunately, the hiring process gets derailed by the mistakes hiring managers commit.

The top 10 hiring mistakes business owners make while undertaking the hiring process can be summed up somewhat as below to help you make better and informed hiring decisions.

 

  1.      Holding up the Recruitment Process: Time is money!. So, delaying the hiring process is one of the biggest hiring mistakes companies make. As soon as a vacancy appears, the hiring team must swing into action to find the most suitable fit for the profile.
  2.      Wanting to hire someone similar to the former employee: Organizations try to find a candidate who bears similarity to the previous employee. The business gets accustomed to the working of the past employee so much that they unconsciously want to hire anyone who possesses same characteristics and working style.
  3.      Ambiguous job-specifications: Companies ignore the significance of updating the job specifications as and when the vacancy arises. Either the specifications are too old that they do not reflect the real job or they are too short to convey any meaningful information to the prospects. Owing to the dynamic nature of every work profile, the hiring team must keep on updating the specifications of the job so as to give out a vivid description of what the job is all about. It helps getting the most suitable applications for the profile.
  4.      Not preparing for the interview:  It is not always the applicant who needs to prepare thoroughly for an upcoming interview, the same goes for the employer as well. To ensure hiring of the best candidate, make sure you ask the right set of questions. The questions must be framed carefully in advance by the hiring team for eliciting the right responses and getting to know the real appropriateness of the aspirant.
  5.      Personal prejudices and outlooks: This is another common hiring mistake, do not let your personal biases and approaches affect the interview and the candidature of the applicant. Avoid missing out on a very good job-seeker owing to your personal dispositions.
  6.      Not taking inputs from the department for which hiring is undertaken: The hiring team must gather information about the position from the team or the department for which recruitment is done. The employees, who are already working in the same department and are going to share their work with the newly hired, would definitely have great information to disclose relating to the work profile.
  7.      No reference check: One of the biggest blunders is not to check on the references provided by the candidate. It is highly important as checking from the previous employers assures you of the integrity and suitability of the candidate. It is also better to talk to someone rather than ask feedback over email.
  8.      Ignoring cultural suitability: Concentrating only on education, skill-set and experience can be a big hiring mistake. Even the most suitable candidates might find it hard to deliver their best in case they fail to adjust to the hiring organization’s work environment. Therefore, it is important to ascertain that the candidate would be able to fit in without much effort.
  9.      No follow-up with the candidates:  Do not neglect the candidates for long and inform them about the result of the interview as soon as you take the final recruitment decision. The candidates are left in a lurch when they keep on expecting a call while the company has wound up its hiring process. This might fetch negative feedback for the company; after all, candidates are also consumers in a way.
  10.      Lack of training: A productive recruitment process does not end with just zeroing in on the right candidate; it must also entail a sound training plan to help the candidate learn or unlearn to adjust better and quickly. The candidate will feel lost in the new environment without proper on-boarding. It will hamper the productivity of the company as well as the newly hired employee.


Hiring and then firing owing to mistakes committed by the hiring team might prove detrimental for the organization. It will never let the environment be stress free as a faulty hiring process will end up with adverse outcomes for the employees and the organization alike. So, go for a constructive hiring process by eluding the above enumerated mistakes and get the right people for each job role.

Does Online Employee Self Service Improves Collaboration?

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Collaboration

Sustaining a business venture is more critical than starting one. A successful small business can be one that starts from hiring the right people, grows by getting the business idea across to them, and is maintained by building the right brand image in the minds of its clients and target audience.

Businesses, whether large or small, may face a standard set of challenges. But the challenges of a small business are unique in the way that large businesses may have done away with them long ago.

Among the many challenges faced by small businesses today is that of sharing your HR-related information with the employees. The basic information meant for and concerned with all the employees in general, should not only be accessible to all the concerned staff members of the organization, any updates in the information database must be conveyed to them as well.

While changes to the employee details are difficult to be conveyed across all departments, it becomes, even more time consuming to incorporate the information from paper documents to the spreadsheets. For organizations that function from multiple geographically-distributed locations, it poses a greater challenge to be able to collaborate with the teams working from different geographical locations.

A cloud Employee Self Service (Online ESS) solution can be the right choice for an organization facing such a challenge in the functioning of the enterprise. It doesn’t only provide access to all the information anywhere, anytime, but it also provides the flexibility to view it on any device without having to waste hours searching for the requisite employee information.

The employees of an organization implementing the right solutions, especially the HR department that needs information at every step of their functioning, can get it within seconds, without the unnecessary hassle of going through papers and spreadsheets. In this way, the time that they would have otherwise spent on looking for information can be utilized judiciously towards working on the core strategic issues of the growing enterprise and in turn, contribute towards the organization’s growth.

Online Employee Self Service module also makes it easy to update employee details as all the employees of an organization have access to it and can update their information on their own. The individual logins for all employees mean that employees can view and update their information such as temporary, permanent and emergency contact details. In other words, it means that an Online ESS can centralize the data by decentralizing the data entry.

As a value addition, an Online Employee Self Service can be a single tool to view code of conduct, employee handbook, list of holidays and other documents for the new employees. It can also help employees get timely access to the latest news and announcements within the organization and participate in opinion polls for the issues that affect the different departments within the enterprise.

For team leaders and managers, the Online ESS can be a platform from which they can review and approve leave requests and check-in and check-out entry and exit timestamps punched by the employees. This creates a transparent system for approval of leaves, time and attendance which can put an end to confusion and unnecessary delays.

In addition to the ability to view their payslips and statutory deductions, use of an ESS empowers the employees to submit their savings, investments and taxation details online so that they can be made available to the HR or finance department at the time of filing of the annual income tax. Moreover, employees can also download their Form 16 directly from the Employee Self Service making it easy and hassle free to file their tax.

If you are a small or medium business enterprise looking for an Employee Self Service Solution, we at Brio, will be happy to provide our online payroll software that integrates the payroll function with the ESS, loan management, leave management, and time and attendance management. Brio’s Perk online payroll software system can automate the aforementioned complex administrative tasks to provide business owners more time for strategic planning and ultimately greater business growth.

Salary Software India

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Blog salary software

The processing of salaries is one of the most crucial processes in the operations across all the organizations, small or medium scale enterprises, attaching due importance to HR productivity and efficacy. This attention is given not just because there is a high risk of error, but because errors in the salary processing may translate to decreased employee satisfaction and in turn high attrition rates.

Considering such wide-ranging impacts at the workplace, it is better to switch to online salary software, which can take care of the manual calculation errors, enable faster salary processing, ensure high employee morale, save unnecessary processing time, and provide a boost to employee productivity.

We, at Brio, offer Perk online Payroll Software — Salary software for businesses that need to integrate the various aspects of payroll processing such as:

Feature of Salary software – Perk online Payroll software

  • Our salary software can help classify the salary into salary heads such as earnings, deductions and so on. This can bring in more clarity and transparency in the salary processing. All this is possible with a single click of the mouse saving a lot of productive time of the employees.
  • You can create multiple salary structures with our payroll software. This provides a lot of flexibility in handling the varied requirements of the different types of employers from the salary software.
  • With our flexible payroll formula builder, you can compute your employees’ salaries within minutes, instead of days.
  • A provision to account for the rounding-off rules for the different salary items acts to eliminate all sorts of confusions.
  • Our salary software also takes into consideration the ad-hoc earnings or deductions for a particular month before the calculation of the final salary without the need to manually enter every detail.
  • Perk online software also provides for advance earning and deductions to manage future payments and deductions of your employees and integrates the calculations with the salary processing.
  • With so many advanced features in salary software India, processing the payroll is possible with just a few clicks.
  • It is possible to generate payroll based on time cards and leave cards.
  • Perk payroll helps generate salary disbursement statements and bank advices to credit employee’s salary.
  • The software makes accurate Provident fund, ESI, PT, TDS and other deductions as our payroll software handles all statutory deductions automatically.
  • Employees can access their pay slips once generated, thus saving printing cost and efforts to email pay slips. This gives a greater sense of psychological credibility to the employees about their organization.
  • You can also add new data or perform bulk updates using Microsoft Excel so that the data is imported directly into the online salary software at the click of a mouse. This minimizes any sort of manual data entry, automatically minimizing the risk of errors and speeding up the process.
  • You can include a variety of parameters for MIS reporting to make the online payroll software suit the specific needs of your company.
  • Brio’s Perk online payroll software gives you the option of customizable pay slips in terms of both content and appearance. You can email these payslips to your employees who can download and print them if they want.

Payroll Software India

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Payroll Software

Payroll processing is one of the most mundane tasks of the HR department which can take up most of the productive time meant to be applied to core issues of the human resource department. Under such circumstances, switching to online payroll software not only makes business sense, it may translate to an increased employee satisfaction, lesser risk of error, and greater flexibility.

We, at Brio, offer the Perk Online payroll software, which is easy to use, reliable, and effective. Our payroll software gives the employer the flexibility to process employee payrolls anytime from anywhere. Our online payroll solution is easy to understand, does not require regular maintenance, and accounts for your statutory compliances as well.

The Perk online Payroll software not just takes care of the error-free salary calculations but also offers other features for:

Personal Management: Our online payroll software makes it possible to consolidate all your employee information at one place. The employee records of all your past and current employees are available at your fingertip, so that it can be retrieved at the click of a mouse.

Attendance Management: Perk online payroll software is compatible with all the tools for timekeeping and attendance so that it becomes easy to calculate the attendance at the time of payroll processing. This also removes the need for the personnel department to manage employee time and attendance.

Leave Management: Brio’s payroll software makes it easy to implement your leave policies and manage employee leave management online. All the leave applications, leave approvals and leave accumulations can be easily managed online through email notifications. The system accepts only those leave requests that are compliant with the leave policy set by your organization.

Loan Management: Our payroll software integrates the feature of loan management with payroll processing so that it becomes easy to keep a track of your employee loans, advances and their timely deductions. This simple, easy to implement loan management makes arrangements for automatic scheduling of deductions based on EMI and recovery date.

Payroll: Payroll processing is important as it affects the bottom-line of your business. In general, employees are very sensitive when it comes to errors in payroll and timely and accurate payroll payments. So, error-free and timely payroll processing boosts the employee morale, which is possible with the reliable Perk online payroll software.

Employee Self Service: The employee self-service, a part of the Perk payroll software enables the employees to view information and update details, view payslips and statutory deductions, participate in opinion polls, submit savings and investment details for taxation, and view latest news and announcements.

Statutory Compliances: Perk online payroll software helps an organization to comply with the rules and regulations related with PF, PT, ESI, TDS and other laws governing the businesses. The software automatically takes care of your deductions, withholding and contributions under laws that are applicable for your organization, which are also updated from time to time.

Announcements: Our salary software also makes it very easy to handle the complicated task of conveying announcements around to all the employees of the organization. Sending announcements can now be facilitated without the need of paper notices or emails. It makes possible quick and easy sharing of company announcements and news.

Calendars: For organizations that carry out operations in multiple locations across different countries, it becomes difficult to manage their calendars because of varying holiday lists across locations. Perk payroll software allows such organizations to maintain multiple calendars for the different employees so that holiday lists can also be shared.

User Management: Perk payroll software provides comprehensive features to manage user base so that only the right people have access to the right information. The challenging task of data security becomes easy with the consolidation of this feature with the payroll processing. Making task delegation easy.

With the set of features listed above, Perk Online Payroll software qualifies to meet all the payroll-related needs of small, medium, and large enterprises. It takes your focus off the mundane activities and lets your organization make the best use of its valuable talent pool.

Understanding the payroll jargon

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It is not necessary that employed people understand the complicated and confusing financial terminology related to their salaries. While salary is a form of periodic payment from an employer to an employee, net salary, gross salary and cost to company (CTC) are various payroll jargon that must be understood clearly. Let us try to understand these payroll terms in a simpler way.

Salary

Before we get to the technical aspects of the salary, let us understand the conditions under which a person is eligible for a salary from his employer. An individual who works part-time or full-time for a company or an individual under a contract of employment, whether oral or written, express or implied, is referred to as an employee.

The person or the company, an individual works for is called employer and the money that he gets from the employer is known as Salary, Income or Wage. An employee’s salary may be specified in an employment contract, whether written or oral, and paid on a defined, regular period basis. On the other hand, piece wages, are paid on the basis of each job, hour or some other unit and are paid separately, rather than on a periodic basis.

However, in case a person has been hired by an organization on contract basis or works as a freelancer in some company, he cannot be said to earn a salary from his job. In this case, his income is classified as “income from business and profession”.

We shall explain various terms related to a salary so that the employees are able to figure out their in-hand salary and not be let down on their CTC/year expectations. Let us first understand the different types of salary:

Cost to company

What is CTC or Cost to Company?: The term should never be confused with the total in-hand annual salary of an employee. CTC or Cost to Company is a term that companies use to calculate the total cost to employ a person. It includes all the costs associated with an employment contract and comprises of all compulsory deductibles including deductions for provident fund, medical insurance etc.

It should be clearly understood that while these deductibles form a part of your compensation structure, you do not get them as a part of in-hand salary. In other words, deductibles increase your CTC but do not contribute to your net salary.

  • What is Gross Salary: This is the amount of salary accrued after adding all benefits and allowances and before making deductions for tax.
  • What is Net Salary: Net salary is gross salary minus the deductions for tax. Or in other words, it is what is left of your salary after deductions have been made.
  • What is Take Home Salary: Also called the in-hand salary, this is usually equal to the Net Salary except for those cases where an employee has some personal deductions like loan or bond re-payments.

Let us now understand different components of a salary in detail. The “salary” must ideally consist of the following parts:

  • What is Basic Salary: It forms the fixed part of an employee’s compensation structure and is the main portion of his salary. As the name suggests, this forms the very basis of a salary, based upon which, many components of a salary will be calculated. A high basis salary usually implies that the employee occupies a high grade in the organization that he is working for, be it a private or a government organization.
  • What are Allowance: This is the amount received over and above the basis salary in the form of allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), Leave Travel Assistance (LTA) , Lunch Allowance, Conveyance Allowance , Children’s Education Allowance, and City compensatory Allowance. These allowances are usually a fixed percentage of the basic salary and can be fully taxable, taxable in parts, or totally exempt from taxes. This amount is received by an individual in addition to salary to meet some service requirements.
  • What are Perquisite: These form a part of the benefits or amenities granted by an employer to his employee. For example: Rent free unfurnished house, Rent free furnished house, Motor car facility, Reimbursement of Gas, Electricity & Water, Club facility, Domestic Servant Facility, Interest Subsidy on Loan, Reimbursement of medical bills, Reimbursement of telephone bills, Benefits derived by employee stock options, and so on. These benefits may be restricted to a limit, which is defined on the basis of employee’s rank or basic salary.

It is interesting to note that perquisites cannot be taxed directly because these are non-cash components. According to the income tax laws, a certain value is assigned to each of these components so that a tax can be imposed on them. As a thumb rule, only those benefits that you use for personal purpose are considered as perquisites.

  • What are Deductions: In contrast to the allowances, deductions are subtracted from the salary of the employees. These can be of two types:
  1. What are Compulsory deductions: Deductions for Provident Fund, Income tax, Professional Tax (where applicable) can be clubbed under this category.
  2. What are Optional deductions: These include recovery for advance or loan if applicable, and voluntary contribution to Provident Fund etc.

It should be noted that there are two aspects of Provident Fund Contribution. Apart from the employee’s contribution, an employer also contributes to his provident fund. This is usually 12 percent of the basic salary and is directly deposited in an employee’s Provident Fund (PF) account. This contribution is only paid out to an employee when he retires or resigns. However, the employee’s contribution to PF is deducted from his monthly salary and deposited in his PF account. This amount can also be reimbursed in cases of need.

So we see that the Cost to the company is the sum of Gross salary and the Benefits that an employee receives from the employer in the form of medical insurance, provident fund, laptop and so on. However, the net salary is only calculated after deductions for taxes and recovery for loans have been made.

The applicable taxes are calculated depending upon the taxation policies of the government and some policies that may differ for each organization.

  • What is Pay Slip: This is a formal document of how much money an employee has earned and how much tax or insurance has been deducted. It comprises of a detail the gross income and all taxes and any other deductions such as retirement plan or pension contributions, insurances, garnishments, or charitable contributions taken out of the gross amount to arrive at the final net amount of the pay or the in-hand pay.
  • What Form 16: There is a provision of Tax Deduction at Source (TDS) wherein an employer deducts taxes for all salaried employees of the organization at source. In such cases, the company must issue a Form 16 issued under section 203 of Income Tax Act (India) for Tax, which contains the details about the salary earned by that employee and how much tax is deducted. This tax is paid to government of India directly by the company and Form 16 is the proof of employee’s income and tax paid to the government.

This article to explain the terminology of payroll is a part of Brio’s endeavor to create awareness and dispel ambiguity among the working professionals regarding their understanding of salary and the different components of the salary slip.

Online Payroll vs Desktop Payroll vs Microsoft Excel Payroll / spreadsheet payroll

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Online Payroll vs Desktop Payroll vs Microsoft Excel Payroll / spreadsheet payroll

Payroll Comparision
Today businesses are in dilemma over the tool they should be using for their payroll. Its Online Payroll Vs Desktop payroll Vs Microsoft Excel Payroll / Spreadsheet Payroll. Traditional methods of maintaining payroll, attendance and employee information are tiring, time taking and confusing. Small and medium businesses often go for Microsoft Excel-based payroll or spreadsheet payroll, while those who are looking for more advanced solutions prefer desktop payroll software. However, both these options come with a number of limitations and may not offer you all that you are looking for. Online payroll software is the most efficient way to take care of all your payroll needs.

1. Installation, upgrades and maintenance
Desktop payroll software as well as Microsoft Excel payroll needs to be installed. Unfortunately, the trouble does not end there. Both of these payroll solutions require manual upgrades and need regular maintenance. On the other hand you do not have to waste your time on installation in case of Perk Online Payroll Software. You will not have to worry about upgrading as Perk Payroll Online software doesn’t need to be upgraded manually. This efficient payroll solution does not require regular maintenance.

2. Security and data backup
One of the main concerns raised by every user is regarding the safety of the data. Microsoft Excel payroll has the lowest security level whereas the security level of desktop payroll software is average. Online payroll software offers high security level to make sure your valuable data is secured.

In case of Perk Online Payroll Software, Brio, the payroll application vendor is responsible for data backups. This advantage is not available in the other two payroll options where the user is responsible for data backups.

3. Accessibility
Online payroll software can be accessed from anywhere and at any time. In case you want to access desktop payroll software or Microsoft Excel payroll on web, you will have to take the help of a virtualized software.

Perk payroll online software offers you Employee Self-Service (ESS) through which your employees may access the data whenever they want. ESS may help improve collaboration in the organization. Employee Self-service feature is restricted in Desktop based payroll. In case of Microsoft Excel payroll, this feature is not possible.

Multi user feature is available in online payroll software whereas it is restricted in Microsoft Excel payroll as well as desktop payroll software.

4. Price
Online payroll software comes for a reasonable price. Unlike desktop payroll software where you need to pay upfront, Perk Online Payroll Software offers you the option to pay as you use.

Online payroll software has an upper hand over the other two payroll options almost in every category. Unlike Microsoft Excel payroll, there is hardly any room for copy paste errors and clerical errors in case of online payroll software as well as desktop payroll software. Online payroll software is simple, easy to use, extremely efficient, and worth every penny you spend on it. It is an advance solution which overcomes all the limitations of Desktop Payroll software as well as Microsoft Excel Payroll.

Efficacy Attendance and Payroll is now Perk Payroll

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Efficacy is now Perk Payroll

At the onset, we would like to thank all the Efficacy Online Payroll customers for choosing us. We would like to announce a change as a result of our evolution initiatives and continuous improvement efforts. Our online payroll software – Efficacy Attendance and Payroll is rechristened as Perk Payroll.

1.  What triggered the Change?

Efficacy means the capacity or power to produce a desired effect. When we named our payroll product as Efficacy Attendance and Payroll, we wanted it to meet the business needs of our customers to give the desired results. Moving on with our focus on making payroll simpler in future, we have made some changes in the application to save time and effort in using the new online payroll software.

2.  What is the Change about?

Perk signifies renewed energy and we have instilled this new energy by improving the online payroll software on the basis of customer feedback and analysis of usage patterns. With a better understanding of preferences on the users, we have made Perk Payroll navigation and classification of menu items. The reliability part comes from the aspect of data security and integrity. Perk Payroll is more reliable, simpler and easier to use than ever before with reorganized forms and processes.

3.  How does it impact our existing online payroll customers?

Perk Payroll comes as more visually soothing and has some reorganized menus for ease of access.

The new landing page for Reports makes it easier to generate and access the reports within a few clicks. Rest of it is pretty much the same. Your data is not disturbed and the change is more of cosmetic one than structural. In future, we will keep on improving Perk Payroll to enhance the benefits that you would derive and keep you posted as newer, smarter and simpler versions are rolled out for this simple & reliable online payroll.

 

Online Employee Self Service (ESS), an important tool to improve collaboration.

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Online Employee Self Service (ESS) is an important tool to improve collaboration in your team. With the advancement in technology, several worldwide businesses today are opting for cloud based solutions to interact with their employees. These online solutions are used to share information as well as collect and organize employee data. The biggest advantage is that the employees can access the data anytime, anywhere and using any web-enabled device.

Online-Employee-Self-Service

Perk Online Payroll’s Employee Self Service (ESS) is a module that helps organizations to streamline their HR processes. Most of the organizations across the globe have been facing challenges in managing their employees leave record, performance reviews, personal details, claims and overtime submission, view payslips. Online Employee Self Service (ESS) is a comprehensive solution to all those challenges.

It is web-based resource making life of employees and managers easier than ever. With Online Employee Self Service (ESS), employees need not worry about any discrepancies in attendance, leave requests, payslips and deductions including Provident Fund (PF), Employees’ State Insurance (ESI), and Tax Deducted at Source (TDS) in India. This service benefits both the employees and the organization.

Benefits of using Online Employee Self Service (ESS) include:

1.  Online ESS is User-Friendly:

It is a user-friendly tool for employees. Online ESS allows the employees to access their account using a secured username and password. It enables the managers to access and update leave information of their team members while maintaining complete transparency in the system.

2.  Leave Processing becomes easier:

Online Employee Self Service (ESS) makes processing of leaves—a fairly simple and easy job. It helps in applying, approving, and maintaining employees’ leave in a streamlined manner. This saves time and enhances the productivity of employees in operation as well as those in HR and Management.

Benefits of using Online ESS for leave processing:

  • Online ESS saves precious time of employees by simpler and faster leave processing
  • Employees can process the leave applications in real-time
  • With Online ESS, managers can easily view and manage leave applications and reports of entire team
  • It is highly secure with each employee having a password-protected account

3.  Tax declaration for TDS computation:

Taxation in India is complex and laws are stringent. Employers and employees need transparent tools to share the required information. Online ESS is a simple tool that helps employees and employers share details with each other, making it easy for all to stay compliant with the law.. Online ESS enables employees to view their tax details for TDS computation. Employees can contact their management officials for any discrepancy. It also helps in maintaining and updating employee-wise tax-related information.

4.  Announcements and News:

Online Employee Self Service (ESS) keeps the employees updated with announcement and latest news.

5.  Conduct Surveys:

This tool helps employees to participate in surveys conducted by the companies. The surveys provide relevant information about employees’ perception of company which enables them plan and strategize their milestone accordingly.

6.  Leave and Reimbursement Workflow:

Online Employee Self Service (ESS) helps to manage leave and reimbursement workflow. It enables managers to update leave record and employees to view leave and reimbursement details.

7.  Finding Other Employees:

Online Employee Self Service (ESS) helps to get information about fellow employees such as their contact details, birthdays, hobbies and so on. At the same time, employees can update their contact information and emergency contact details.

8.  Access Anywhere:

Online ESS acts as a 24*7 helpdesk for employees ensuring anytime-anywhere access. This enables the employees get information and details about upcoming events.
Online ESS is an online tool that enhances collaboration in an official set-up. It helps employees control their leave processing in real time. It helps in updating records directly in an employee’s payroll database. This tool informs managers regarding each update by email. Online ESS’s access-from-anywhere feature makes it a highly sought-after among the employees on the run. Managers are likely to utilize the tool for resource optimization as it makes leave processing and maintenance, highly effective.