Importance of Complete HR and Payroll Software

HR & Payroll Software

To in this modern world, majority of calculative work have become software based and Human Resources sectors is also good the technology boost.Organisations now a days control and manage their most valuable asset which is human resources using #HRpayrollsystem which includes HR Software and Payroll Software or in most cases a combined HR and Payroll Software. #HRsoftware in developing countries like Malaysia and India is putting companies HR System under corporate microscope. Before implementing a cloud based or SAAS HR payroll system using a HR and Payroll Software,your human resources team should get proper training, so they can use it perfectly. This situation is common in countries like Malaysia with many small Sdn Bhds as majority of their staff is unfamiliar with #HRandPayrollSoftware. 

You should educate your human resources team about the steps to use HR and Payroll Software and this is required to avoid any issues with adaption of modern technology. Moreover, do not get surprised when your senior and older staff resist in adaption of new technology as they are used to the old paper work in office. In Malaysia to check resources on  steps for proper change in your organisation, you can visit the website of Ministry of Human Resources (MOHR) or Kementerian Sumber Malaysia and get the proper information before implementing a change.

There are many HR software available in market but while choosing HR software, you should choose the latest and the most advanced one. New HR and Payroll Software like #friendHRM HR and Payroll software covers all the required features which old HR and Payroll Software may miss.  HR Software which also include #payroll software saves a lot of time on calculating salary of employees and makes the work faster with more efficiency. 

Organisations which already have old HR software should check if their current software is as good as the new HR software like friendHRM HR and Payroll Software for Malaysia and India or lack in some features. If their old software is lacking in features, they should inform the software provider to add the features and provide an update or switch to modern complete HR software like friendHRM HR and Payroll Software. If the HR system is not effective, it will affect the company's overall progress. 

Going with new and advanced HR and Payroll Software while give new wings to your company's HR department and it will also benefit to your employees as modern HR Software includes features like e-leave, e-claims, e-travel claims, and more for employees which makes most functions of HR easy. Modern HR and Payroll Software are cloud based so it can be accessed from anywhere.It follows software-as-a-service (SAAS) formula. 

Now as all in one HR and Payroll software are available, it's wiser to go with the complete one package rather than going with separate HR software,Payroll Software,#e-leavedsoftware,e-claim software, etc.Companies like friendHRM are giving HR and Payroll Software for Malaysia free for one month with full features. Moreover friendHRM is free for India, USA and many more countries. You can check friendHRM at their highly secured website https://www.friendhrm.com and get a free trial. 

Payments applicable and Payments Exempted to EPF Contribution in Malaysia

Payments applicable to EPF Contribution in Malaysia

All monitory payments which are for salary are applicable for EPF contribution in Malaysia.

It includes:          

• Salary of employees
• Unused annual or medical leave encashment
• Bonus
• Almost all kinds of allowances
• Incentives and Commissions
• Wages Arrears
• Maternity Leave Wages
• Study Leave Wages
• Half day leave wages
• Other contractual payments

Exempted Payments from EPF Contribution

These payments are not considered “wages” by the EPF Malaysia:

• Service charges like tips, etc.
• OT Payments
• Gratuity
• Benefits at the time of retirement
• Benefits when terminated
• Allowances for travel like petrol, parking, etc.
• Fee of Director

These all parameters are now included with most HR and Payroll Software available in the market. friendHRM is one of the best #freeHRandPayrollsoftwareforMalaysia, India and USA which includes all the required features for payroll calculation. Subscribe to a free trial of #friendHRM at https://www.friendhrm.com and switch to the smart #HRmanagementsystem.

Future Features of FriendHRM

Now is the time for HR to enters into quite new and more advanced areas. friendHRM #HRSoftware is like a lucky star to provide more advanced features than the market reaches up to it, introducing the new and advanced version of friendHRM HR Software which not only includes dedicated #payrollsoftwareforMalaysia but also includes a custom version for other countries where the taxes can be customised based on the current government norms.

friendHRM HR Software is now trusted by more than 1,500 customers globally including our prime HR Software market Malaysia and India. It's advanced features deals with your day to day HR related tasks in the most friendly way.

Our customer's reviews have guided us to add a tsunami of new features and now, it not only include more features like custom taxes, e-claims, e-leaves, it's like a next big thing our customers have been waiting for. Specially the new business and new startups that cannot pay huge amount to buy enterprise solution or a huge HR team. The good news for them is that friendHRM HR Software will help them with managing their most important assets and it will also help them to work smarter and save their previous time.

Today the world heading towards GIG Economy and the manpower consists all type of employees like full-time employees, contract employees, parameters & free lance employees. Here in this situation, upgrading to automation will give new breathe of life to businesses by reducing the budget and cost and providing the HR team and opportunity to focus on improving the work quality, instead of wasting their time paper work.

The HR Leaders who want to adapt the future innovations and technologies should definitely look forward for HR Management tools like friendHRM and take benefit of the culture of easiness and comfortableness which will lead towards faster and smooth work flow.

We at friendHRM are working with adding additional interfaces like Alexa and Cortana, so friendHRM will become more smarter with new assistant which will answer your Human Resources related questions along with helping you with various tasks like, marking attendance, going for lunch break, scheduling a meeting, applying for sick leave, asking the friendHRM HR Software to email your pay-slips and etc. So, once we implement Artificial Intelligence with friendHRM, it will bring a new way you manage your Human Resource data by engaging in a live conversation and asking for the information to friendHRM HR Software, such as “How many male employees we currently have? ” “How many employees are absent today?”, “Give me your last 4 years retention ratio”, “Give me reports about performance of xyz department, etc.

The top management will definitely get immense benefit by having super quick access to their #humanresources data like team member ratio, average cost of employee, payroll details, deep details about number of employees (separated by category, gender, nationality, age group, etc). This will definitely help to bridge the gap between the top management and the Human Resources department by providing access to decision making data and important reports which can accelerate growth and prosperity of the company.

We are extremely thrilled launch this advanced and smarter environment for HR to small/medium/big companies. friendHRM HRM Software is more like an "Uber” from Human Resources industry and it has been rewriting the topics in HR industry.

https://www.friendhrm.com