DECIDING THE BEST CLOUD BASED HR AND PAYROLL SOFTWARE FOR YOUR COMPANY
Managing your HR and Payroll data can be a challenge especially if you have a large number of employees. A cloud based HR and payroll software would help eliminate the hassles of managing additional IT infrastructure and personnel allowing you to concentrate solely on improving your HR management practices. The below points should be kept in mind when choosing software for your business.
1. SCALABILITY
HR & Payroll software must be scalable as it deals with employee data. If your business grows in the future, you need to ensure that your systems can handle the growth with ease by allocating additional resources to manage increased loads and data processing. With cloud infrastructure, additional hardware resources can be allocated as needed without affecting performance of the system.
2. FLEXIBILITY
Most HR and payroll software have similar base functions. However, every business has its own unique policies on bonus and overtime payments, diligence allowance, late and absent deduction, leave accrual etc. Flexibility ensures that your application can handle all your specific requirements and reduce manual work.
3. SECURITY
HR and Payroll data is very sensitive and losing or leaking of this data could be catastrophic both for your company and employees. Daily backups with long retention and quick restore times ensure that you reduce the risk of losing data. High encryption of all data travelling to and from the cloud database prevents data leakage.
4. DASHBOARDS & REPORTS
You need to have complete control and visibility over all your HR and payroll data at all times. A strong reporting & dashboard module will help you to represent your data in a way that you want to see it. Dashboards provide a great way for management to get a holistic view of data while reports can provide more detailed views. Ensure that your dashboards and reports can be customized to suit your specific needs.
5. SUPPORT
HR and payroll software is never 100% error free. You need to ensure that support teams are available to assist you with all queries on the system when needed, especially during the time of payroll processing. Automatic upgrades & enhancements to the system will ensure that you are up to date with government regulations as well as have access to the latest features.
