Majority of organizations have now realized the significance of employing payroll management software and by which they can leverage multiple benefits such as Budgeting and Tracking of organizational funds dedicated for payroll purposes, compensation for compliance of legal mandates, as well as providing complete compensation details to the employees.
Sustaining a balance between the TWO strategic functions- HR and Finance is indispensable for effectively running the system effectively. It is critical as well as daunting task as it is not the core function of either HR or finance dept., rather it is a collaborative responsibility of both the depts.
This instigates a question “Who is the Real Doer??:- Finance, HR or some Third-party vendor?”
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