Payroll Integration
Payroll

Maximizing Efficiency with Payroll Software Integration for Car Dealerships

24/03/2023
Reading Time: 2 minutes

Certainly! In today’s fast-paced world, businesses need to be able to streamline their operations as much as possible to remain competitive.

Car dealerships are no exception, and many of them use multiple software tools to manage different aspects of their business, such as inventory management, customer relationship management, and payroll management.

While these tools are designed to help car dealerships run smoothly, using multiple software tools can create inefficiencies and inconsistencies in data. That’s where integration comes into play. By integrating different software tools, car dealerships can streamline their operations, reduce the risk of errors, and increase overall efficiency.

Integrating payroll software with other tools can provide numerous benefits for car dealerships. Here are some examples:

1. Inventory Management Software Integration:

Car dealerships often use inventory management software to track vehicle sales and inventory levels. By integrating payroll software with inventory management software, car dealerships can ensure that the cost of goods sold is accurately reflected in the financial statements. This can help improve the accuracy of financial reports and ensure that the dealership is properly tracking its expenses and profits.

2. Customer Relationship Management (CRM) Software Integration:

CRM software is used to manage customer interactions and relationships. By integrating payroll software with CRM software, car dealerships can ensure that sales commissions and bonuses are calculated accurately. This can help improve employee motivation, which can have a positive impact on customer service and sales.

3. Time and Attendance System Integration:

Time and attendance systems are used to track employee hours worked. By integrating payroll software with time and attendance systems, car dealerships can ensure that employee hours are accurately tracked and calculated. This can help reduce the risk of errors and ensure that employees are paid accurately for their time.

4. Human Resources Management System (HRMS) Integration:

HRMS software is used to manage employee information, such as employment history and benefits. By integrating payroll software with HRMS software, car dealerships can ensure that employee payroll data is accurately reflected in the HRMS software. This can help reduce the risk of errors and ensure that employees are paid accurately for their benefits.

Overall, integrating payroll software with other software tools can help car dealerships improve their efficiency, reduce errors, and streamline their operations. By automating payroll processes, improving accuracy, and integrating with other software tools, car dealerships can save time and resources, reduce the risk of errors, and improve overall profitability.

In conclusion, if you’re a car dealership owner or manager, consider integrating payroll software with other software tools to enhance your

dealership’s operations and stay competitive in today’s market. With the right software integrations, you can improve efficiency, reduce errors, and provide a better overall experience for your customers and employees

Performance Evolution
Employee Performance

How Do I Track My Employees’ Daily Work?

16/03/2023
Reading Time: 2 minutes

Tracking the performance of employees is important for an organization to find whether they make the best efforts to perform job duties. It is also quite necessary to review the level of effectiveness, quality of work, and efficiency of employees.

Normally, Remote workers would be more productive higher than coworkers in the office. Tracking the remote workers is quite helpful for ensuring the workers’ productivity. Some employers would resort to monitoring employees’ activities in online and offline modes.

Tracking The Employees’ Daily Activities:

Monitoring employees in the workplace is quite a sensitive issue. The main reason is that the activity would imply a lack of trust. So these could be abused. It is quite essential to monitor the work for the benefit of the company. You can use the best tools for easily tracking the workers remotely.

These tools could be invasive and intrusive, so it is important to process them in the best way. The manager could easily check the employees when they come to work. You can also ask them how things could be done during the day. You can also ask them directly when you have a good relationship with the employees.

Enabling Best Software Tracking:

In the modern day, there are a wide number of tools available for tracking the productivity of employees. Savvy HRMS is one of the best configurable cloud-based software suitable for medium and small-sized enterprises. It will provide absolute results in tracking employee activity, attendance, and many more. These also extensively automate the end to the end tracking process right from requisition.

Introduce Voluntary Program:

One of the effective self-tracking methods is through introducing a voluntary program. The strategy allows employees to easily keep a log of their activities every day. You can present this method for improving the company’s efficiency instead of checking employee activities.

Measure Tasks:

You can also easily set the projects with a complete incremental goal. There is no need to count the numbers of minutes the people spend tethered to the Laptop.

Measuring the task apart from the time would provide the people with the liberation to focus on getting work done. Normally, Task tracking would provide a better idea about the person. These also improve the atmosphere in the office by empowering individuals and teams.

Create Short-Term And Long Term Goals:

Aiming towards the short and long-term goals of the organization is a more convenient option. Based on recent studies, employees who are able to have direct connected with the company goal achieve better productivity.

Making a milestone within the project would give you concise and clear ideas. Employees directly working towards the goal will achieve the measurable and achievable task.

Keep Tabs On Sales Productivity:

Giving the sales staff better flexibility to meet the customers’ needs is a better option. These could be extensively achieved with market conditions.

The organization has required the track of the progress of employees as well as productivity. Having fixed sales targets with metrics could be easily compiled across various reports.

Manage Quality Of Work:

Managing the complete task with achievable metrics would be a convenient option. You can assure to keep the tab on quality in the workflow. It ensures you improved productivity in the workplace. You need to make sure the team member knows expectation for the quality of work.

Having a clear standard, frequent review and shared expectations on project phases are efficient options. These are significant ways to protect the quality of finished work. These methods boost employee productivity to achieve the business goal.

 

 

Social Security Code 2020
HR Software

Social Security Code 2020: The Only Guide You Need

27/02/2023
Reading Time: 3 minutes

The Social Security Code of 2020 is a crucial component of the Government of India’s efforts to simplify and modernize India’s labor laws. Passed in December 2019 and reviewed by the Parliamentary Standing Committee in July 2020, the Social Security Code was introduced as a new bill aimed at improving compliance with labor laws. The code’s goals include simplifying the labor laws, reducing the number of definitions, encouraging the use of technology to facilitate compliance and enforcement, and ensuring that the basic principles of worker welfare and benefits are upheld.

Social Security Code 2020: Bringing Clarity to Social Security Laws

The Social Security Code of 2020 encompasses a comprehensive system of social security benefits by consolidating, clarifying and rationalizing provisions from the following 9 central labor laws:

  •  Employees’ Compensation Act, 1923
  •  Employees’ State Insurance Act, 1948
  •  Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
  •  Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959
  •  Maternity Benefit Act, 1961
  •  Payment of Gratuity Act, 1972
  •  Cine Workers Welfare Fund Act, 1981
  •  Building and Other Construction Workers Welfare Cess Act, 1996
  •  Unorganised Workers’ Social Security Act, 2008

The Social Security Code 2020: A Closer Look at its Scope of Coverage

The Social Security Code of 2020 is a comprehensive legislation aimed at providing social security benefits to all employees and workers, regardless of the sector in which they work, including the organized, unorganized, and gig/platform sectors. The Code sets forth the requirements for the applicability of various social security schemes, such as the EPF Scheme, and the ESI Scheme, as designated by the Central Government which retains the power to alter these standards.

A Guide to the Social Security Code 2020: Key Provisions That Matter

The Social Security Code of 2020 outlines key provisions aimed at improving the welfare and benefits for workers in various sectors. Here are some of the main provisions of the code:

Employees Provident Fund (EPF)

Establishments with over 20 employees must comply with EPF provisions. Both the employer and employee contribute 10% of the employee’s wages to the fund.

Social Security Fund

The government will set up a Social Security Fund to implement welfare schemes for unorganized workers, and organizations may contribute to it as part of their Corporate Social Responsibility initiatives.

Benefits for Fixed-term Employees

Fixed-term employees are eligible for the same statutory benefits as permanent employees, proportional to the period of service if less than the qualifying period.

Gratuity

Gratuity is calculated based on a larger salary base, including basic pay and allowances. Basic pay must make up 50% of the employee’s cost to the company (CTC).

Take-home Salary and Employer Contributions to Provident Fund

The law requires employees’ basic salary to be at least 50% of their gross salary, leading to larger contributions to Provident Fund and gratuity and reduced take-home salaries.

Maternity Leave and Benefits

Women are entitled to 26 weeks of maternity leave, with up to 8 weeks prior to the expected date of delivery. To be eligible for maternity benefits, a woman must have worked 80 days in the current establishment in the last 12 months.

Record Keeping

Employers must maintain records of wages, leave, attendance, overtime, etc. and issue payment slips in electronic or paper form. Returns must be filed electronically or otherwise.

Employees State Insurance Corporation (ESIC)

ESIC coverage is now mandatory for all establishments with more than 10 employees, and organizations with fewer employees can choose to be voluntarily covered. It will provide benefits such as medical coverage and gratuities.

Registration and Compliance

New business establishments are required to obtain only one mandatory registration, and workers must be registered through Aadhaar.

Definition and Role of Aggregators

Nine categories of aggregators are designated for this purpose, including e-marketplaces, content and media services, food and grocery delivery services, and ride sharing services.

National Welfare Board – What you need to Know Here?

A legislative act from 2019 mandated the establishment of national and regional boards to manage the social security of workers in the informal sector. The National Welfare Board, as stated in the 2020 Social Security Code, has expanded its scope to include gig workers and platform employees along with unorganized workers.

The Board’s function is to recommend and oversee programs for these workers and is comprised of the following members:
• 4 representatives each from –

  • Aggregators nominated by the central government
  • Gig workers and platform workers, also nominated by the central government
  • The director general of the Employees’ State Insurance Corporation (ESIC)
  • Various state governments

Social Security Code 2020: Ensuring Compliance & Avoiding Consequences

The Social Security Code of 2020 brought about changes to the penalties for various offenses. For instance, the maximum sentence for obstructing an inspector from performing their duties has been reduced from a year to six months. Additionally, the penalty for unlawfully retaining the employer’s contribution from an employee’s wages has been altered to a fine of Rs 50,000 instead of a jail term of one year or a fine of Rs 50,000.

A New Path for Companies

The recent overhaul of labor laws in India represents a substantial transformation of the nation’s labor regulations. The four labor codes have been introduced to consolidate and simplify existing laws, making them more applicable and efficient in today’s economic and social environment. The responsibility of implementing these reforms falls
upon HR leaders in companies.

HR Tech Retail Industry
HR Software

Only Guide You Need to Transform HR Tech in Retail Industry

25/02/2023
Reading Time: 3 minutes

The retail industry faces numerous challenges in today’s customer-driven market, including efficient workforce management, employee retention, and maintaining competitiveness. HR Tech in Retail industry play a crucial role in addressing these challenges and improving HR functions.

HR technology streamlines processes, improves data access, and enables informed workforce decisions. Integrating HR technology into the retail industry is essential to meeting market demands, retaining top talent, and staying competitive.

This blog covers the evolution of retail, HR challenges, available solutions, benefits, and the future of HR technology that retailers can use to make informed decisions and drive their business success.

The Retail Industry and Its Evolution:

Advancements in technology and e-commerce have transformed the retail industry, and HR technology has played a crucial role in this evolution. Manual and time-consuming HR processes have been streamlined with the introduction of digital platforms, cloud-based solutions, and mobile technologies.

HR management systems automate key functions such as employee onboarding, benefits administration, and performance management, while talent management systems and employee engagement platforms help retailers identify and develop top talent and improve employee experience.

By leveraging the latest HR technology solutions, retailers can manage their workforce effectively, track employee performance, monitor satisfaction, and make informed decisions, remaining competitive in a rapidly changing landscape.

HR Challenges Faced by The Retail Industry:

The retail industry faces unique HR challenges that can impact business success, such as employee turnover, attraction and retention, and managing diversity. To combat employee turnover, retailers must improve satisfaction and implement programs that incentive employees to stay.

Attracting and retaining top talent requires creating opportunities for career growth, development, and a good work-life balance, along with competitive compensation packages and a supportive work environment. Retailers must also manage diversity by creating an inclusive workplace culture, fostering diversity in recruitment and promotion, and providing training opportunities.

Cloud-Based HR Technology Solutions in the Retail Industry:

Retailers have various HR technology solutions to manage their workforce effectively, including HR management systems, talent management systems, and employee engagement platforms. HR management systems automate manual processes, including time and attendance tracking, payroll processing, and benefits management. Retailers gain real-time visibility into workforce status and make informed staffing and resource allocation decisions. Talent management systems identify and develop top talent through performance management, succession planning, and employee development tools. Employee engagement platforms enhance employee satisfaction and reduce turnover with tools like employee surveys, feedback systems, and recognition programs.

Benefits & Future of HR Technology in The Retail Industry:

The implementation of cloud-based HR technology solutions can bring significant benefits to the retail industry.
Firstly, it can improve the efficiency of HR processes by automating manual tasks and streamlining workflows.
Secondly, HR technology provides retailers with access to a wealth of data and analytics, enabling informed decision-making and data-driven insights into workforce trends and behaviors.

Additionally, cloud-based HR technology can enhance employee satisfaction by providing them with a self-service platform for managing their benefits, payroll, and time-off requests, as well as a communication platform for staying informed about company news and initiatives. This can increase employee engagement and lead to better retention rates.

When it comes to future of HR technology in the retail industry, Artificial Intelligence (AI) and Machine Learning takes the centre stage. With this, HR technology will become more sophisticated, providing retailers with even more insights into their workforce. Additionally, the use of gamification in HR technology is becoming increasingly popular, allowing retailers to create fun, engaging, and interactive experiences for employees.

Conclusion:

SAVVY HRMS is a leading provider of cloud-based HR technology software solutions, offering a wide range of SaaS solutions that simplify HR tasks for retail businesses of all sizes. The company is renowned for delivering high-quality solutions and exceptional customer service, ensuring that organizations receive the support they need to achieve their desired outcomes.

If you’re looking for a solution to simplify HR tasks in your retail business or organization, we highly recommend scheduling a demo with SAVVY HRMS today.

Posts pagination

1 … 24 25 26 27 28 29 30 31 32 33 34