EmployeeVibes is a web-based HR management solution helping organizations in digitizing their entire business processes. The software is used for monitoring a variety of distinctive tasks starting from employee onboarding, task scheduling, leave and attendance monitoring, payroll management, and off-board management. etc.Read More
Managing payroll can be a complex and time-consuming task for any business, especially in India where there are various compliance requirements to be met. EmployeeVibes offers a comprehensive payroll software solution that can be customized to meet the unique needs of your company. With our software, you can streamline your payroll processing and ensure quick and accurate disbursement of salaries to your employees.
Payroll allows you to define your own Pay-heads and also Configure unlimited – complex CTC – Salary Structures. Calculation formulae for calculation and reverse calculation can be formed in the system. Salary Structures can differ from hierarchy to hierarchy.
Flexible Benefit Plan
Payroll FBP can allow employees to modify certain components of CTC to suit their needs best and to minimize their taxes. Payroll module also allows the Client to set bucket of components that can be chosen from to make compose their own CTC – Salary Structure.
Loan and Advance
Payroll Module allows configuration of Loans and Advances. Now schedule Automated or Manual deductions of Loan Installments (EMI) and effect on Salary. Easy reconfiguration of need arise. Loan & Advance Approval workflow ensures correct loan disbursement .
Run your salary based on filters with Payroll Module. Integrated Leave and Attendance Modules calculates monthly Salary automatically. Payroll Process includes Variable Pay, Off Cycle Pay, Leave Encashment & Paid Day arrears. Calculates salary on declared or actual investment value. Get your Pay-slip & Form 16 on Mobile App.
Investment Declaration & Actuals
Payroll enables employees to declare their taxes after tax planning. During the Actuals employees can update their documents in Payroll Module for Verification. Calculate Taxes based on either Declared value or Actual Value. Adjust remaining tax amount in planned manner.
Bonus, Gratuity & Arrears
Bonus and Gratuity can be configured in Payroll as per statutory compliance. Payroll automatically identifies, calculates and pays through salary. Payroll also allows Salary reviews with or without Arrear triggered by confirmation, Pay Review or Retention.
Payroll is probably one of the most sensitive aspect of HR. Its every HR’s nightmare. Get yourself a system that lives agile and user friendly with unmatched “top-notch” customer service.
Payroll is the most demanded module by far around 35%.
Global HRMS Industry is expected to grow at 10.5%. CAGR till 2028 to Reach $ 33.5 Billion.
AI & OCR are going to be the Next big thing in HRMS