Handling payroll within an organisation can be the most defining thing about your company. Paying people for their hard work according to what they are worth can be complicated, or the simplest thing depending on the innovation and thought you put behind it. Your payroll process would usually consist of numerous intricate tasks like calculating total wages, keeping records of deductions, handling payroll taxes, etc.

It is why we have accumulated six extremely functional and healthy tips to help you manage and simplify your company’s payroll process. 

Make Accuracy a Priority and Pay Employees on Time

A micro-entrepreneur is likely to have hourly staff rely on accurate, prompt payroll to ensure that their workers are employed and retained. It allows quicker, more reliable, and more effective results by providing a fully automated program that instantly moves working hours through a central accounting framework.

Simplicity is the key.

An effortless and hassle-free payroll process can help your company and your HR department run things velvety. One such real-life example is how switching from checks to direct deposit has grown to almost 86% in the USA. It enables you to keep a simpler electronic back transfer instead of keeping track of all the checks needed, issued, handed out, etc. It makes the transaction faster and cuts down paperwork. 

Make all payroll processing as transparent as an open book. 

Misunderstanding the payroll process can often lead to problems and mistrust building within your workplace. From owners to managers and up to the last level of employees, transparency is when everyone understands how their firm handles payroll. This transparency invites simplicity and builds trust. 

Always remember payroll is dynamic. 

You must always stay apprised of the compliance aspect of your job because of ever-changing regulations, rules, and legislation. The best practices require that you stay agile and ready to shift accordingly because of the changes in technology, company structure, and law practices. 

Bring automation in places where necessary. 

Payroll processing is time-consuming and can result in severe penalties and even legal trouble when an error occurs manually. The process can become challenging with limited HR and payroll staff. The easiest way to keep up with time-consuming tasks and make the entire process error-free is by automating your payroll processing system.

Divide and conquer 

Relieve some stress from your payroll staff by separating payroll tasks amongst your employees and helping them meet deadlines, increase accuracy, handle voluminous tasks, and prevent fraudulent practices. 

What's On Your List: HRMS Necessity or HRMS Efficiency?

Integrate All Your HR Tasks within AI

Get Started with FREE TRIAL

Craving for More Knowledge?

geo fencing software
How Can Geofencing Software Improve Customer Engagement?
VAT Singapore
Vat Singapore – A Guide to Filing VAT Returns in Singapore
LMS Training
How Can LMS Training Improve Employee Performance?

Future-Proof Your HR: Grant-Supported Automated HR Software Is Here

Schedule a Product Free Trial

Discover the reasons why our platform has attracted over 100,000 users

"With reference to the payroll as a client we are satisfied with the software. Its very user friendly, easy to use & the support is very efficient. After the payroll has been install in the company our job has really been smooth & efficient."

Kalavathi

Accounts - CKR Contract Services

icon 5

"PeopleCentral is a very powerful tool and i thank the PeopleCentral account manager for actively assisting me several times. The software is also regularly updated base on the requirements of Singapore law."

Lucas Seah

MD - Execllence Singapore

icon 4.8

"We are using PeopleCentral since year 2008 the year in which we incorporated Goodwood. It is running very well and it’s very user-friendly. We are satisfied with your support team as well. They are prompt in their responses."

Surjit Mehendale

A/C Manager - Goodwood Ship

icon 5

"We have been using PeopleCentral product for more than 4 years now. We are impressed with simple ways of processing payroll, bank & CPF payroll feeds and continuous updates to the system. Keep up the good work!"

Vishal Attal

Director - Kaira Global

icon 5

Big & Small business trusted us