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cloutbusiness · 1 year

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E Pay Roll

E-payroll, also known as electronic payroll, is a digital system that revolutionizes the traditional payroll process by leveraging technology to streamline and automate various payroll tasks. This innovative approach has gained popularity across organizations of all sizes due to its efficiency, accuracy, and cost-effectiveness.

In an e-payroll system, all payroll-related data, including employee information, attendance records, tax details, and benefits, are stored electronically in a secure database. This centralized storage eliminates the need for cumbersome paperwork, making it easier to access, update, and manage employee information in real-time.

One of the primary advantages of e-payroll is its time-saving capability. Manual payroll processing can be labor-intensive, involving countless hours of data entry, calculation, and verification. With e-payroll, these tasks are automated, significantly reducing the processing time. As a result, payroll administrators can focus on more strategic tasks and ensure greater accuracy in payroll calculations.

E-payroll systems also offer seamless integration with other HR and accounting software. This integration enables smooth data flow between different departments, ensuring a cohesive and comprehensive view of the organization's financial and personnel data. Additionally, it minimizes the risk of data duplication and inconsistencies.

Security is a top priority in any payroll system, and e-payroll is no exception. Robust encryption and access control measures are implemented to safeguard sensitive employee information from unauthorized access or data breaches. This not only protects the employees' privacy but also ensures compliance with data protection laws and regulations.

Moreover, e-payroll systems can be tailored to accommodate various payroll structures and complexities, including multiple pay rates, deductions, and benefits. This flexibility allows organizations to adapt the system to their unique payroll requirements and scale it as the business grows.

For employees, e-payroll brings added convenience and transparency. They can access their pay stubs, tax information, and benefit details online through a secure portal, reducing the need to contact HR for routine inquiries. Additionally, e-payroll eliminates delays in payments, as direct deposits are processed more efficiently than traditional methods like paper checks.

In conclusion, e-payroll has become an indispensable tool for modern businesses seeking to enhance their payroll processes. By embracing technology and automation, organizations can optimize payroll management, reduce administrative burdens, and increase overall efficiency. As technology continues to advance, e-payroll is likely to evolve further, offering even more sophisticated features and benefits to organizations and their employees.

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peejay-love-blog · 5 years

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The Reality of Downsizing

In the world of business, firing employees can be inevitable. It is already a lifestyle or a trend in this arena of life.

According to a blog posted by Ms. Hazel Lacdal, layoff is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employee’s collective layoff for business reasons, such as personnel management or downsizing an organization. Being let go from a job can happen by firing or lay off, and though neither is usually desired, the layoff is typically the method that carries less of a stigma. Firing happens with one worker for any reason that usually involves job performance, unethical behavior or personality differences.

Aside from above-mentioned reasons, here are other causes why employers do layoff their workers.

Cutting Costs

The company needs to cut costs in some way is the most common reason for having a laid off employees. When a company needs to save money, employees which are a fixed cost, are one of the easiest things to get to rid of. The money can then be reallocated to other areas the higher ups deem more necessary.

Lack of Funds

It is possible that the money does not need to be reallocated—it simply may not be there. If there is no business, there is no money. If there is no money, there is no way to pay employees. Even if workers weren’t getting laid off, they certainly wouldn’t tick around to work for free.

· Lack of Work

Business isn’t always booming. For companies like factories, orders may not always come in as great a quantity as they once did. When the work isn’t there to be done, employees can’t be kept to do nothing.

· Relocation

Sometimes companies move to entirely different locations. They may be trying to reach new clients or looking for better opportunities or cheaper real estate. But often, the company moves because research shows the new area’s workers are more appropriately skilled for the job, and so they leave their old employees behind.

· Mergers

When two or more companies join together everything changes. Specifically, what was a two-company job pool becomes a one-company job pool. There just may not be enough room to keep everyone.

Buy-Outs

If someone new takes over a company, it can completely change the goals and strategies of the business. When this happen, new management may decide a vast change in the workplace is needed, old policies and procedures become outdated, along with a large part of the original employees, who no longer fit with the new business model.

Outsourcing

Companies often realize they can buy products at half the price by changing their vendor to a different company. Likewise, business leaders may find it much more cost effective to use workers from another business rather than employing people on their own.

Termination of projects

When a company finds that some of their products aren’t selling as well as other products, they may close down that particular part of their company. While some of the workers from the ended project may be moved over to increase productively on the successful product, there may not be room for everyone.

Changing Standards and Policies

Sometimes the stipulations of a specific position may change, often due to a change in state or federal regulations. For example, where the job once required only a high school diploma, it suddenly requires a bachelor’s degree. If the employees under that position no longer fit the requirements and aren’t willing or able to do what it takes to fulfill them, the company has to let them go.

Technological Progress

Many people find themselves being replaced by advancement in robotics. Buying a machine to do the job of three people drastically changes the revenues of the company. They can make one bulk purchase and pay one mechanical technician’s income to keep the machines running indefinitely, instead of paying a group of people’s yearly salaries over and over.

Layoff can be one of the most difficult tasks that a supervisor needs to face. Here are the steps to layoff an employee with dignity and respect. Kindly watch the video.

youtube

http://hazelacdal.blogspot.com/2016/12/human-resource-systems-layoff_9.html

https://hr.uw.edu/ops/ending-employment/layoffs/layoff-and-reduction/

https://www.google.com/imgres?imgurl=https%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fc%2Fc7%2F1909_Tyee_-_Faculty_Foot.jpg&imgrefurl=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FTermination_of_employment&tbnid=e3lFGh96TJxshM&vet=12ahUKEwiT9suPrK_mAhWQx4sBHXPJDTkQMygXegQIARAy..i&docid=BVKjaYoCK7sGgM&w=2260&h=2376&q=lay%20off%20on%20human%20resource%20system&hl=en&ved=2ahUKEwiT9suPrK_mAhWQx4sBHXPJDTkQMygXegQIARAy

https://www.google.com/imgres?imgurl=https%3A%2F%2Ftransequality.org%2Fsites%2Fdefault%2Ffiles%2Fstyles%2Fissues_270x170%2Fpublic%2Fimages%2Fknr%2Femployment_discrim.jpg%3Fitok%3DviUigVyj&imgrefurl=https%3A%2F%2Ftransequality.org%2Fknow-your-rights%2Femployment-general&tbnid=nF31dEUIWW90TM&vet=10CBoQMyhwahcKEwiAofWcrK_mAhUAAAAAHQAAAAAQAg..i&docid=rYntzZfwyS8fmM&w=370&h=230&q=lay%20off%20on%20human%20resource%20system&hl=en&ved=0CBoQMyhwahcKEwiAofWcrK_mAhUAAAAAHQAAAAAQAg

#humanresourcesystem layoff

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