The payroll systems are the most indispensable component and at the same time a complex entity to implement and then manage. It eventually becomes more complex if it is a large organization with more employees in place.
The payroll systems can ensure the smooth functioning of the entire workflow management with payments to the employees is done accurately and enables the smooth functioning of the entire workflow management.
Payroll systems have got a good hold on the systematic processing of the following:
❖Provident Fund (PF)
❖Employee State Insurance (ESI)
❖The labour Welfare fund
❖Assuring compliances in accordance with the employment laws and regulations and with prevailing tax laws.