1.1 Payroll
Introducing Payroll which is a key module of the HRMS and EOR system, Payroll module assist in managing, tracking, and organizing payroll records easier for an organization.
It streamlines payroll processes, allowing companies to efficiently handle employee payments.
This submodule supports both financial and HR management by offering user-friendly tools that simplify payroll creation, update salary details, and ensure accurate record-keeping.
1.2 Payroll Self-Serve
Payroll self-serve enhances the payroll process by making it more accessible and efficient for employees while reducing administrative workload for HR departments.
Payroll self-serve will now allow employees to access and manage their payroll information independently.
1.3 Batching
1.3.1 Mass Payment:
Payroll batching is the process of grouping payroll transactions together for processing during pay period.
We have now implemented payroll batching in iStrives systems with clear processes ensuring data accuracy and data up to date.
Payroll batch in iStrives allows employers to manage mass payments and significantly streamline the payroll process.
1.3.2 Batching Process
Batching involves steps help employer to view and track employee pay amount in detailed.
Payroll batching involves steps for employer to review and approve the variances in salary payment.
Employers able to review currency for multicounty batching as well as previously paid salary for employees.
1.4 Payroll batch Analytics:
1.3.1 Mass Payment:
iStrives payroll batch analytics allow employer to analyse data from payroll batches to gain insights into payroll costs, employee compensation, and overall payroll efficiency.
With payroll batch analytics features enabled, this will help an organization making informed decisions that enhance payroll processes.
