February 5, 2018 / GuidesFor Team
HR and payroll may be in the same department but have different priorities. HR spends a majority of their time on administrative activities. However, there had been changes in the structure and they are now more pressured to provide more for the business.
One striking advantage of integrating HR and payroll is that profit leaks can be prevented. As they say, prevention is better than cure. Thus, to prevent leakage in profits, there must be a better payroll management as it is important to keep the bottom line of the company.
The specific task of monitoring possible leakage is the responsibility of HR managers. However, people at the top of the finance department still have the burden of taking care of payroll.
Automation of HR and payroll would be a great choice for companies. They can save business costs by reducing HR requirements and at the same time reduce errors in payroll. ~~ Lornajane Altura
Posted In: Research