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The switch for traditional payroll solution
2022-07-21
According to global trends, adopting technology or alternative solutions in the payroll process is always preferable due to the associated benefits. However, many businesses are still unaware of this trend and continue to use the manual compensation calculating approach. According to the normal salary calculation method, the human resources department must:
– Export data from timekeeper to receive raw data immediately on personal computer or directly input timekeeping information on Excel file in the stage of collecting and processing payroll data the traditional manner. When all staff actions on Excel are done manually, such as data input, searching, checking, copying, and modifying… certain dangers may arise, such as entering false attendance information.
– Following the entry of timekeeping data into Excel, the human resources department must collate each employee. At this point, the most typical error is failing to reflect personnel changes in a timely manner; or erroneous data input from the start, resulting in improper reporting of sick days, unpaid vacation, or employee leave.
– Finally, after consulting with each person in the organization, the human resources department will compute the wage using the Excel tools. Excel files do not have the same security mode as other software, therefore errors might arise. Payroll information can be disclosed when information security is not guaranteed.
Payroll Outsourcing solution
For the great majority of enterprises functioning in the business climate, outsourcing is no longer a peculiar answer. Leading companies that have used outsourcing include Apple, Microsoft, Dell, and others. It is believed to be decisive to outsource human resource services, calculate compensation, or find replacements for internal staff, helping to the establishment of a foundation that will allow firms to grow successfully and sustainably.
That is why Vina Payroll Outsourcing Co., Ltd (VPO) has introduced terra Payroll- a payroll service. terra Payroll service, created by a team of professionals with professional expertise and abilities in the field of advising on human resource – tax – accounting solutions, is always confident in providing service quality and accuracy. With the assistance of terra Payroll, your company will entirely overcome the aforementioned risks, beginning with the entry of raw attendance management data. Furthermore, the enterprise’s payroll will be assured to be correct in compliance with the legislation. terra payroll service, in instance, provides a human resource management system based on an available formula that can be decently to meet the needs of any customer.
With the purpose of following customers on their development path, terra payroll service is always available to answer questions throughout the usage process, ensuring organizations are on the correct road in terms of process standardization and quality improvement.
In particular, understanding the balance between efficiency and cost is a concern of businesses, terra offers a 2-month free trial package of payroll service for businesses to try before deciding to use. Registration period is from 6/9-6/10.
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