Inducing technology in the existing system involves cost, as
well as time, and therefore, often, small and mid-sized businesses are
reluctant to accept it. But, as technology is the way forward, sooner or later,
businesses won’t have an option, but to deploy it to simplify and expedite
routine tasks.
HR technology, which may initially incur some costs, is a a smart and futuristic initiative that will help small and mid-sized business
owners to accelerate the pace of the routine administrative tasks such as leave
and attendance management, payroll, and others. This blog sketches the impact
that Eilisys
HR
management software, with its functionalities, can impact small and
mid-sized businesses.
Functionalities of
Eilisys HR Management Software
Leave and attendance, along with payroll management software constitute the most important elements
of Eilisys HR management software.
Hence, at the outset, take a look at the functionalities of
Eilisys leave and attendance management software.
à
Shift
Management
ü
Prepare shift schedules for the team, well
integrated with the existing workflow-based approval processes.
ü
Configurable template for an exclusive shift
pattern.
à
Automated,
Accelerated and Real-Time Employee Attendance Time Tracking
ü
Automate employee daily attendance management
ü
Online shift scheduling and change management.
ü
Live and automated employee time tracking.
ü
Automate leave and attendance status emails to an employee at the end of the month.
à
Extra
Time Management
ü
Configurable compensation based on overtime,
late working, etc.
ü
Prevent revenue leakage through overtime posting
based on the pre-approved overtime plan.
ü
Customize calculation rules based on the type of day such as public holiday, normal working day, etc.
à
Compliance
Management
ü
Manage form20, overtime, leave a card, muster
roll, adult register, and many others as and when needed.
ü
100% Compliance with labor laws.
à
Exception
Handling
ü
Integration of attendance exceptions such as
early out, late in, absenteeism missed punch in, shift variations, etc.
ü
Email notifications to employees and managers
for proposed leave or salary deductions.
ü
Exception regularization management through the
on-duty punching regularization application.
ü
Configuration of deduction policies for
attendance exception as per the number of occurrences during the entire month
or the actual minutes.
à
Comprehensive
and Analytical Reports
ü
Generate more than 30 departmental reports in multiple
formats including PDF, Excel, HTML, etc. and design your own customized
reporting tool.
Eilisys HR management
software is easy to integrate with the existing HR systems, thus
simplifying the otherwise complex and time-consuming task if systems integration,
and avoiding data loss, and concerns alike.
Functionalities of
Eilisys Payroll Management Software
à
Automatic TDS calculation
à
Customize dimensions for salary JV
à
Easy to integrate with the existing ERP and the
financial accounting software
à
Calculating arrears and regularizing leaves
à
Parameter driven salary JV and income tax
calculation
à
Maintaining a comprehensive employee job history.
à
Automating bank upload file or NEFT file in the
banker’s format.
à
Loan and advance tracking
à
Manage attendance management, salary revisions,
investment declarations, etc.
à
Generating various types of professional statements
such as tax statement, ESIC form 6, provident fund reconciliation statement, ESIC
statement and online challan, etc.
à
Report generation in multiple formats based on
the departmental requirement.
Impact of Eilisys HR
Management Software on Small and Mid-Sized Businesses
By now, you must have pretty much figured out how embracing
HR technology can impact small and mid-sized businesses. Of course, simplifying
various administrative functions are one thing, but what drives HR
administrators and business owners towards technology are the long-running the impact that the system has over the entire department, and the organization in
entirety.
à
Operational accuracy and efficiency
à
Compliance towards the organizational leave
policy
à
Compliance towards the government rules and
regulations
à
Cost-savings through the automation of a lot of
manually intervened functions.
à
Saves time and efforts that can be further
utilized to focus on the strategic and process improvement aspect of the
department.
à
Retains employee and stakeholders’ trust.
