Should your company use a payroll software?

Running a micro, small, and medium enterprise (MSME) in the Philippines has its fair share of rewards and challenges. One big challenge they faced at the height of the COVID-19 pandemic is digitization. 

According to a study by Statista, Philippine MSMEs were mostly ‘digitally indifferent.’ That is, they didn’t see digitization as a necessary step for their business. When the pandemic broke out, they were caught unaware. As a result, many of these business owners simply did not know where to start when it came to digitizing their company processes.

One glaring concern was how to go about HRIS & payroll processes amid work-from-home arrangements. It was important that digitization could help them with:

• Data security

With employees BYOD (‘bring your own device’ as popularized by Intel), concerns of data breaches were suddenly brought to light. Companies didn’t like the idea of exposing their information to ‘hackers.’

• Employee data organization

Philippine HR processes are heavily manual. Many companies only switched to digital out of necessity.

• Employee engagement

Without face-to-face interaction employers worried that employees would be less engaged, less collaborative, and less eager to work.

• Timekeeping and attendance 

Biometrics were the norm for many companies in the country. With the work-from-home arrangements, many companies sought out attendance-tracking software to keep employee attendance records. This would also help them match employee salary by keeping track of hours rendered.

• Automated payroll

Even the HR personnel found themselves working from home at the very height of enhanced community quarantine in the country. Many records were left on paper at the physical offices. Keeping track of everyone’s payslips also proved to be taxing. What’s more, HR employees also didn’t know where to start learning automated and digitized processes!

One solution has proved to make light work of these concerns: a full-suite HRIS & payroll software.

Easy-to-use HRIS and payroll software by GreatDay HR

As an MSME, you’re probably thinking: “isn’t investing in a Human Resource Information System (HRIS) and payroll software only for big companies with over 500 employees?”

The short answer is no. Automating HR processes isn’t just for the big players. Your company can do it even with just 50-100 employees. With the emerging times of digitization, more and more start-ups in the Philippines are switching up their processes. This includes automating their payroll systems. Some companies have also improved their internal operations through HRIS. If company size is one of your concerns, we’re here to tell you that your 50-strong company definitely needs payroll software.

According to ​​Dakila Socrates Lavilla, the Risk Assurance Director of PwC Philippines, “Fostering digital transformation today requires more than adopting new technologies. It means creating environments where businesses can leverage innovation to deliver meaningful change that drives positive business outcomes.​​”

GreatDay HR’s full-suite HRIS & payroll software leverages innovation for positive business outcomes. It does this through features like:

• Tax calculations
• Attendance & timekeeping
• Leave request tracking
• Performance management
• Reports generation
• And more

With its automated solutions, you can  swiftly and correctly process an employee’s paycheck without human errors. That’s just one way payroll software helps. You can also save time on tax calculations, as Philippine taxes already appear on the interface. You need not convert or fill out separate pages from third-party websites. It’s a payroll software for the Philippines!

You can also dedicate the time you’ve saved to other Human Resource responsibilities such as training new members or hiring new talents. Subscribing to GreatDay HR’s payroll software  guarantees fewer workloads and smoother workflow. 

Here are other ways GreatDay HR’s full-suite HRIS & payroll software can help your company with digitization:

• Your data is kept secure.

GreatDay HR follows EU General Data Protection Regulations and the Philippine Data Privacy Act (R.A. No. 10173). They’re also ISO 9001:2015 (Quality Management) and ISO 27001:2013 (Information Security Management) certified. That means all your company data is stored and encrypted securely in Tier 3 data centers. Only authorized staff can easily access company data.

• Your employee data is organized.

GreatDay’s interface provides employee-friendly forms where they can easily fill out their personal information. This ensures that your data is up-to-date! Changes in data also undergo HR approvals so you’re sure they’re never tampered with.

• Your employees stay engaged.

Within its user-friendly dashboard, GreatDay HR features employee chat, integrated internal social media, and company polls & surveys. It also includes GreatDay Meet as an in-app add-on.

• Your attendance records are organized.

GreatDay HR’s software features multiple methods for you to track employee attendance. If you’ve previously worked with biometric software, you can now use GreatDay’s system. You even have the capability to use facial recognition for attendance now! Employees can also time in and out wherever they might be. The platform also features an Integrated Temperature Checking System (ITCS) which records temperatures as employees log in. It’s safety and attendance accuracy in one!

• Your performance is tracked.

One of GreatDay’s best add-ons include performance management features. This helps easily measure employee performance based on KPIs that your company sets. Assessment periods can also be customized. Rewards and improvement plans can also be shared to employees in-app. It’s a great way to help your company thrive.

• Even your security personnel and outsourced employees are covered.

GreatDay’s latest add-on, Security Patrol, enables employers to keep a close eye on company assets. This add-on makes use of QR codes for efficient monitoring. It also generates real-time reports for your evaluation.

Affordable payroll software by GreatDay HR

After all these benefits, a businessperson will always have that burning question: how much is this payroll software going to cost?

GreatDay HR comes with customizable packages beginning with core software features that you can add on to. This way, you can pick and choose the features that your company needs while staying within budget. GreatDay even offers a free demo for their software just so you’re sure it’s the best fit for your company.

So, should your micro-, small, and medium business use a full-suite HRIS and payroll software? Definitely! 

Digitization isn’t going anywhere. The new normal is here to stay. As we continue in a world of hybrid work, flexible hours, and automated payroll, your employees are counting on you to give them a GreatDay.

ADVT