Does your company need to use payroll software?

Micro, small and medium enterprise management (MSME) in the Philippines has its fair share of rewards and challenges. One of the major challenges they face in the midst of the COVID-19 pandemic is digitalisation.

According to a study by Statista, Filipino SMEs were largely “digitally indifferent”. That is, they did not see digitalization as a necessary step for their business. When the pandemic broke out, they were caught in the dark. As a result, many of these business owners simply did not know where to start when it comes to digitizing their corporate processes.

One glaring concern was how to approach HRIS and payroll processes against the backdrop of homework arrangements. It was important for digitalisation to help them with:

With the employees of BYOD (“bring your own device”, as promoted by Intel), the fears of data breaches were suddenly brought to light. The companies did not like the idea of ​​exposing their information to “hackers”.

• Organization of employee data

HR processes in the Philippines are highly manual. Many companies have switched to digital technology only when necessary.

Without face-to-face interaction, employers worried that employees would be less engaged, less collaborative, and less eager to work.

• Time and attendance accounting

Biometrics was the norm for many companies in the country. With homework arrangements, many companies have sought out attendance tracking software to keep records of employee attendance. This will also help them compare employees’ salaries by keeping track of hours worked.

Even the human resources staff turned out to be working from home in the midst of increased quarantine in the country’s community. Many records were left on paper in physical offices. Following everyone’s pay slips also proved to be taxing. What’s more, HR professionals also didn’t know where to start learning automated and digital processes!

One solution proved to be easy to deal with these concerns: afull-suite HRIS and payroll software.

Easy to use HRIS and payroll software from GreatDay HR

As an MSME, you’re probably thinking, “Isn’t investing in HRS and payroll software just for big companies with more than 500 employees?”

The short answer is no. Automating HR processes is not just for the big players. Your company can do it with only 50-100 employees. With the advent of digitalisation, more and more startups in the Philippines are changing their processes. This includes automating their payroll systems. Some companies have also improved their internal operations through HRIS. If company size is one of your concerns, we’re here to tell you that your 50-member company definitely needs payroll software.

According to Dakila Socrates Lavila, Director of Risk Assurance at PwC Philippines, “Promoting digital transformation today requires more than adopting new technologies. This means creating an environment in which companies can use innovation to deliver significant change that leads to positive business results. ”

GreatDay HR’s complete HRIS package and payroll software uses innovation for positive business results. It does this through features such as:

• Tax calculations
• Attendance and timekeeping
• Leave tracking of the request
• Performance management
• Generate reports
• And more

With its automated solutions, you can quickly and correctly process an employee’s salary without human error. This is just one of the ways in which payroll software helps. You can also save time on tax calculations, as Philippine taxes are already displayed in the interface. You do not need to convert or populate individual pages from third-party websites. This is payroll software for the Philippines!

You can also dedicate the time you save to other human resources responsibilities, such as training new members or hiring new talent. Subscribing to GreatDay HR payroll software ensures less workload and smoother workflow.

Here are other ways in which GreatDay HR’s complete HRIS package and payroll software can help your company with digitalization:

• Your data is protected.

GreatDay HR follows the EU General Data Protection Regulations and the Philippine Data Privacy Act (RA № 10173). They are too Certified according to ISO 9001: 2015 (Quality Management) and ISO 27001: 2013 (Information Security Management). This means that all your company data is stored and encrypted securely in Level 3 data centers. Only authorized personnel have easy access to company data.

• The data about your employees is organized.

The GreatDay interface provides employee-friendly forms where they can easily fill in their personal information. This ensures that your data is up to date! Changes to the data are also approved by HR, so make sure they are never falsified.

• Your employees remain engaged.

Within the user-friendly dashboard, GreatDay HR features employee chat, integrated internal social media and company surveys and surveys. It also includes GreatDay Meet as an add-on in the app.

• Your attendance records are organized.

GreatDay HR software has many methods for tracking employee traffic. If you used to work with biometric software, you can now use the GreatDay system. You even have the ability to use face recognition for presence now! Employees can also go in and out wherever they are. The platform also has an integrated temperature control system (ITCS) that records temperatures when employees enter. It’s safety and accuracy of presence in one!

• Your performance is being tracked.

One of the best additions to GreatDay includes performance management features. This helps you easily measure employee performance based on the KPIs your company sets. Evaluation periods can also be customized. Rewards and improvement plans can also be shared with employees in the app. This is a great way to help your business thrive.

• Even your security staff and outside staff are covered.

GreatDay’s latest add-on, Security Patrol, allows employers to keep a close eye on the company’s assets. This add-on uses QR codes for effective monitoring. It also generates real-time reports for your evaluation.

Affordable payroll software from GreatDay HR

After all these benefits, the businessman will always have this burning question: how much will this software cost for salaries?

GreatDay HR comes with custom packages starting with basic software features to which you can add. This way, you can choose the features your company needs while staying within budget. GreatDay even offers a free demo for their software, just to make sure it’s best for your company.

So, should your micro, small and medium business use a full package of HRIS and payroll software? Definitely!

Digitalization leads nowhere. The new is normally here to stay. As we continue in a world of hybrid work, flexible working hours and automated payrolls, your employees are counting on you to give them a great day.

ADVT

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