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Just as customer information is a critical for marketing, employee data is a critical for human resources. When Payroll Management System and hr data are integrated in a single database, it allows more accurate reporting that’s always up-to-date, takes less time and fewer people to maintain the data and enables HR staff to spend more time on value-added activities such as data analysis and less time on routine tasks such as data entry.
Following are the benefits:
Value-Added Activities:
HR staff can spend more time on value-added activities such as analyzing data, designing HR programs and identifying trends with the integration of HR and payroll databases and implementation of other productivity tools like employee and manager self-service tools. HR wastes time performing data entry and researching inconsistencies across databases, tasks that are unnecessary and don’t add value to the business, without an integrated database. HR must minimize the amount of time spent on transactional work by using technology to automate administrative tasks or by outsourcing the work to a third party.
Storage Efficiencies:
To successfully run payroll, it is certain set of employee data elements are required. HR also needs a set of employee data elements to manage programs and create reports. Most of the data elements required by both departments are the same. Only one data base is needed when HR and Payroll are integrated. This reduces overall storage requirements.
Fewer Inconsistencies:
If HR and payroll are integrated, the data only needs to be changed once if an employee needs to update his address. It requires more time to update the same information and introduces the potential of inconsistent data, when the two databases are separate and the data is updated by two different people. One database eliminates chances of inconsistencies. It avoids the business nightmare of paychecks and tax information going to the wrong address because changes were made in one database but not the other.
Accurate Reports:
HR forms reports to comply with government regulations and to help managers and executives understand and model costs. For salary and benefits data, budgets are usually maintained by HR but actual data comes from payroll. A trained user can run reports at any time to analyze the data as of the current date when HR and payroll data are integrated. When they are separate, if both databases are not updated then erroneous reports can be generated as users often rely on a systems analyst to merge the data from the two databases before they can generate any reports.
Now with the automation of HR and Payroll, life of managers has become much easier. PeopleQlik’s Payroll and HR Software replaced the need to make hefty calculations and perform tiring tasks.
Automated payroll options are better at making the payroll information useful. PeopleQlik’s Payroll Software secures your employee information and with cloud centralization of data you will never be dependent on places, time and devices. It calculates taxes and makes deductions and deductions in accordance to those taxes. It’s a user-friendly way to manage payroll and HR.