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Save Time on Your Payroll Tasks and Reduce Errors in Manual Data Entry

Updated: May 24

How to save time on your payroll tasks

Payroll is a critical but time-consuming task for HR professionals. Manual data entry can lead to errors, delays, and frustration. That's why automating your payroll tasks is essential for efficiency and accuracy.

Perk Payroll is one of India's leading providers of automated payroll solutions that can help you streamline your payroll process and save time and money. With Perk Payroll, you can automate a variety of payroll tasks, including:

  • Data entry: Perk Payroll can automatically import data from your HRIS, time tracking, and attendance systems, eliminating the need for manual data entry.

  • Tax calculations and deductions: Perk Payroll can automatically calculate and deduct taxes, saving you time and ensuring compliance with tax regulations.

  • Automatic disbursement: Perk Payroll can offer employees the option of direct deposit, which is more convenient for employees and can help reduce the risk of lost or stolen checks.

  • Electronic payslips: Perk Payroll can provide employees with electronic payslips, which is more convenient for employees and can help you save on paper and postage costs.

  • Payroll reporting: Perk Payroll can automatically generate reports on payroll data, making it easy to track trends and identify potential issues.

  • Payroll audits: Perk Payroll can help you automate payroll audits, which can save you time and money.

In addition to automating payroll tasks, Perk Payroll can also help you improve your attendance management practices. Perk Payroll can integrate with your time tracking and attendance systems to give you a real-time view of employee attendance. This can help you identify and address attendance issues early on, which can help to improve employee productivity and reduce absenteeism.

According to a recent study by the Society for Human Resource Management (SHRM), businesses that automate their payroll processes save an average of 10% on payroll costs. In addition, businesses that automate their attendance management practices see a 3% decrease in absenteeism.

Numbers that speak: Payroll management in India

Additional Statistics on Payroll Management and Attendance in the HR Industry

  • The average cost of a payroll error in India is ₹1,500. [2022 study by the National Institute of Financial Management (NIFM)]

  • Businesses in India spend an average of 8 hours per employee per year on payroll processing. [2021 report by the Confederation of Indian Industry (CII)]

  • Employee absenteeism costs businesses in India ₹11,000 per employee per year. [2020 study by the Rand Corporation]

These statistics highlight the need for businesses in India to automate their payroll and attendance management processes. By automating these processes, businesses can save time and money, improve accuracy, and reduce errors.

Here are some additional benefits of automating payroll and attendance management in India:

  • Improved compliance with Indian tax regulations.

  • Reduced risk of fraud and theft.

  • Improved employee morale and productivity.

Automate Your Payroll and Attendance Management Tasks with Perk Payroll Today!

Perk Payroll is a comprehensive payroll and attendance management solution that can help you streamline your HR processes and save time and money. Contact us today to learn more about how Perk Payroll can help your business with a free trial or a DEMO, whichever suits you better.

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