This document discusses payroll management for small businesses. It notes that small businesses have different payroll needs than larger companies. The human resources department is responsible for ensuring employees are paid on time to avoid decreased motivation and increased turnover. Older payroll systems required large documentation, making them difficult to manage if records were lost. Modern electronic payroll systems allow payroll information and amounts to be easily accessed online without extensive documentation. Employees can now submit sick leave and request pay increases online, improving motivation and commitment levels. Proper payroll management is important for efficiency and organizational profits.
1. Management of Small Business Payroll
Every business has its own payroll needs. Small business payrolls require different applications and other
complex businesses need other payroll solutions. Therefore, it is quite necessary to see what your
business size is and then ask for certain payroll service. Human Resource department is responsible for
providing this particular payroll service. Human Resource department is held accountable if any
employee doesn’t get the pay on time due to any reason. This also decreases a certain motivation level
in the employees and they become inefficient which gives an immense rise to the turnover ratio. In
order, to decrease all of these negative aspects it is very necessary to incorporate such human resource
solutions that are necessary for the company and reaps benefits from it.
Payroll Structure
Older payroll software’s consisted of huge documentation and in the case of any certain mishap if all the
documents are lost, it becomes very difficult to maintain those records again. Though in the case of
small business, it is fine but in the case of large organizations it becomes pretty difficult. Research and
development departments, after conducting a huge research finally came over these problems and
invented an electronic payroll system which incorporates all the pay structure and amounts to be paid
of specific date and requires no huge documentation. The Human Resource officer just enters the name
and amount of the employee to be paid to him and the specific date. It is uploaded on the internet and
can be accessed from anywhere in the world. Employees even check all of their past performance
appraisals and evaluate the need of improvement in any particular area.
Modern Implementations
Employees even submit their sick leaves on the website which is sent directly to the Human Resource
officer. Employees can also ask for the pay rise or if they want to go on vacations. These all things add
up to the motivation level of the employee and he tends to stay dedicated and committed. This
dedication and commitment is the profit of the Human Resource department. Also, through this
dedication all the employees will be efficient and this will also add up to the profits of the organization.
Therefore, in a nut shell payroll services are very important in this modern world.