☞ Wages are automatically calculated based on your preset schedule: daily, weekly, bi-weekly, or monthly. This is one of the main advantages of this software.
☞ Leaves management. This module allows employees to submit leave claims and monitor their leave balance, while managers can review such requests and notify employees of approved or declined claims.
☞ Expense management. Expenses, deductions, loans, advances, and other employee costs are entered, tracked, and calculated in this module.
☞ Benefits, bonus management. The module manages various benefits claims, including CBA, allowances, and other employee perks. Some solutions feature a knowledge base of benefits where employees can select and submit a claim.
☞ Income tax & deductions. This feature processes pre- and post-tax deductions while helping you comply with various state and federal taxes and social security requirements.
☞ Time and attendance tracking: This software management software may include timesheets or a time-tracking feature to manage attendance along with tracking absences, increments, leaves, and attritions.
☞ Reports, payslips, forms. This is another key feature generating reports like salary statements, benefits reports, or leave summaries.
☞ Record-keeping. This software also acts as a central repository of employee records and related documents. This feature usually includes document management to handle files like offer letter, experience letter, employee profiles, organizational charts, and applicable statutes for labor, tax, and occupational safety.