Automating HR functions may reduce risk for Singapore SMEs

THE human resource function of any organisation is responsible for many different tasks. A key responsibility includes managing employee benefits and handling payroll. As the organisation grows, so do the number of variables and the possibility of errors in calculating payroll across different functions and managerial levels.

Detailed records need to be kept in order to keep track of employee details - attendance, overtime, performance- linked incentives, leave, expense reimbursements as well as various deductions mandated by government labour and income tax laws.

The entire process can become extremely cumbersome and errors can have serious implications. These come in the form of penalties for delayed statutory compliance as well as reduction in employee satisfaction and morale.