Aniruddh Nagodra (@factohr)
Aniruddh Nagodra is the CEO of factoHR, which is a cloud-based human payroll software. He is determined to provide Indian companies a HR software which will automate the HR process which will eventually helps in cost reduction of a company. He has successfully launched HR Software for mobile, web and desktop software.
What is Leave?
The term Leave refers to the absence or a vacation from work. Technically, it is a term used to describe a period of time that one has to be away from the primary job while maintaining the status of the employee.
Different types of leave: In general, Organizations have the following types of leave apart from general holidays:
Earned leave (EL, also called privilege leave PL)Sick leave (SL)Casual leave (CL)Leave without pay (LWP)Maternity leave (ML)Paternity leaveCompensatory Ocontinue reading →
How Excel took place in payroll processing?
In payroll processing, HR department needs to take care of many tasks such as payroll calculation, reporting and submitting the payslip. Earlier payroll was processed manually. But manual calculation was not feasible as there are high chances of human error.
Excel’s Assumption vs Reality
Businesses had assumptions that Excel is simple to use, everybody knows to use Excel, easily suits the company requirement, etc. They felt that Excel was the mostcontinue reading →
The number of benefits is involved in using cloud-based HR management software:
1. Easy accessibility- anywhere, anytime
Cloud-based HRMS Software empowers HR professionals and employees to access the software anytime, anywhere. HR department can manage all its HR operations efficiently. A manager can approve/disapprove attendance and leave applications, manage employee details, can authorize the system through which he defines which modules are accessible to the employees.
2. High data secucontinue reading →
Payroll is a process to calculate the salary of employees of an organization. Payroll Software can run daily, weekly, bi-weekly, monthly depending on the salary cycles of the organization.
Let us understand how profitability can be increased with HR and Payroll software by considering some of the day to day scenarios….
Scenario 1: Rohan, HR of an organization, consumes much of his time on a new employee.
- Maintain employee’s all information in HRMS platform
- Generate all types of forms and
Performance Management software System enables you to track and monitor the performance of individual employees, departments and the whole organization based on KRA and KPI. It uses business objective and measurable criteria for assessing the performance.
Importance of Performance Management :
- Evaluation of employees
- A system of giving feedback to employees
- Knowing whether performance is up to the mark or not
What is KRA?
Role of KRA :
- Tool for overall organizational development and
Do you know what could have been done to retain a departing employee in your company?
What is an exit interview?
An exit interview is conducted when an employee is leaving a company after his resignation has been accepted or has completed a project assigned to him/her. An exit interview is conducted in order to maintain the top talent employees in Payroll software organization. Exit interview software has been developed in order to maintain the actual reason for leaving.
How are exit interviecontinue reading →
Business travel expenses is a standout amongst the most critical parts of an organization’s business spends. Since on a normal, organizations are spending around 10-12% of their general costs on employees’ travel. Organizations are understanding the significance of having a more secure procedure that will help streamline the travel cost administration process and are approaching towards travel expense management software.
1. Focus on Travel Parameters
Your company’s cultures, values, and budgecontinue reading →
The more common structures include a flat organization, which is horizontal, a hierarchy, which is vertical and a matrix. Each of these structures defines a number of different ways to organize and differentiate employees and teams:
- By function, where employees are grouped by abilities or skill sets
- By division, which might refer to a particular process, industry, product, or service
- By location, which is simply a division based on where employees are physically located
1. Hierarchiccontinue reading →
factoHR is a leader in HR and payroll solutions which were developed to meet the continued goal of eliminating the headaches of HR with a modern and innovative approach.
Payroll software solution is an imperative function of HR in any organization irrespective of its size. It is very crucial for employees and organization for the payroll to be accurate and on time. To make it happen, all payroll inputs must be accurate. One of the inputs is the attendance data of employees.
Managing employee’scontinue reading →
When you plan to automate your HR functions, your first debate would bewhether to go with Cloud HRIS system or On-Premise HRIS system ??This is a question which haunts every businessman and one you have to finalize definitely before looking at the options available.
Human Resource Information System or HRIS in short, is an integrated system which
• Recruitment, Training and Employee Onboarding• Attendance and Leave Management• Payroll Software Management• Performance and Appraisal Managementcontinue reading →