Overview
There's need to keep a track of all employees, their attendance, overtime, performance linked incentives, leave, expense reimbursements as well as various deductions mandated by labour and income tax laws as an organization grows.
Salary calculations should be efficient enough to provision for any investments that employees make, entitling them to various tax exemptions provided by the Government. The entire process becomes extremely cumbersome and any errors have serious implications in terms of interest and penalties for delayed statutory compliance as well low output by the employees.