Payroll
Payroll is an essential component of any organization, as it involves the management and processing of employee payments. It is a complex task that requires accuracy, compliance with labour laws and regulations, and timely processing. Payroll covers a range of activities, including calculating employee salaries, processing bonuses and incentives, calculating deductions such as taxes and benefits, and issuing pay checks. These tasks require a lot of attention to detail and can be time-consuming and complex, which is why many organizations opt to outsource their payroll processing to third-party providers. Payroll processing also involves compliance with labour laws and regulations, such as minimum wage laws, overtime regulations, and tax laws. Failure to comply with these laws can result in hefty fines and legal issues, which is why it is important to ensure that your payroll processes are accurate and compliant. Overall, payroll is a crucial aspect of any organization, and having an efficient and effective payroll system can save time, reduce errors, and ensure compliance with labour laws and regulations.
CTC Configuration
AmigoHR smoothens the process of collecting the list of employees to be paid tracking the hours worked. Calculating the employee's pay distributing the salary on time and record the payroll expense.
Monthly Attendance Process
Attendance management in AmigoHR automates the entire process where we integrate themselves with the bio-metric systems, the specific time or entry-day breaks-exit are captured, geo-location attendance is captured for the employees on out-duty and even those working from remote location is captured.
Loan & Advance
As per the policy if any organization provides Loan or Advance to the employees for meeting urgent fund needs. With this ideology AmigoHR offers this special feature to help the employer track all the loan & advance make sure that the recovery happens at regular intervals.
Arrears Calculation
Overdue payment meant to be paid at the end of the specific period. All payments due since the first payment comes under the arrears. Commonly, arrears occurs when an employee gets a certain hike in salary but gets the accurate calculated salary in next / upcoming month. This is a crucial activity which is handled by HR and Account department of the organization.
Reimbursement
AmigoHR comes up to expedite your reimbursement calculations and payments. It is an act of compensating your employees for an expense. This module helps keep track of company assets like Mobile, Laptop, PC, etc. which are allotted to the employees and under whose charge it was allotted. Medical, mileage, petrol, travel bills, etc., can be claimed by employees through online or mobile submission via ESS module. With Amigo HRMS you can setup a multi-level approval for expenses reimbursement application.
Monthly Variable
Monthly Variable is the portion of compensation determined by employee performance. When employee hit their goals, variable pay is provided as a type of Bonus/ Incentive Pay. AmigoHR helps to keep a track and maintain records for the same.
Statutory Compliances
For every organization it is mandatory to abide the rules and regulations laid. Thus, with AmigoHR you can easily follow and draft the regulations needed to be followed by the team. Statutory compliance keeps changing from time to time, and it is essential to be adhered to it to make the laws liable. The beneficiaries to the employee prevent undesired working hours, exploitation, or harassment. It ensures the employee for their work and that the companies adhere to the minimum wage rate.
Over Time
Hours worked by an employee that exceed their normal shift working hours. AmigoHR is here with easy ready calculations which lessens up the work of HR team. We help you with accurate shift / OT calculations so that, overtime done by any employee will be automatically calculated according to assigned shift hours and credited to the desired employee.
Salary Register
Salary Register contains the columns like Employee Name, Department, Work days, Break up of Earnings and Break up of Deductions and the Net Pay payable to employees. The salary Register is a format provided in a columnar format giving details of salaries payable to employees. AmigoHR has a feature of salary register where you can easily store a lot of information for documentations and records to keep accurate track such as gross pay, net pay, bonuses, allowances, deductions, earnings, taxes, and many more.