One of the factors tied to the rights and efforts of workers, as well as a motivator for employees, is salary, bonuses, and commissions. Wages also represent a cost component that contributes to the value of the products/services created by the business. Therefore, wages are a concern for both employees and employers. Businesses must manage payroll to effectively utilize labor, save costs, increase accumulation, raise company income, and manage employees. Managing payroll with CRM software is one of the right choices.
LONGPHAT CRM software with its payroll management feature helps save time and reduce the burden on the HR department by automating processes and allowing businesses to control the entire payroll management process and data with the following key functions:
1. Payroll Records
Upon starting work, each employee will have a payroll record containing data such as basic salary, allowances, number of working days, hours, commission percentage, etc.
2. Managing Monthly Payroll Parameters
The payroll parameter sheet is used for each month and is not fixed. Therefore, the system will rely on the parameters on the sheet to calculate the salary for each month.
In cases where data needs to be accumulated, such as overtime hours of employees, users need to manually accumulate and enter the total number directly on the payroll parameter sheet (users manually calculate the overtime coefficient).
After entering the data, you need to select the SAVE DATA button for the system to record it for salary calculation.
Overtime and leave days in the PAYROLL PARAMETERS sheet will be combined with overtime/leave slips in the OVERTIME/LEAVE MANAGEMENT.
3. Managing Salary Advances
In the payroll management feature on CRM, you can create records of salary advances for employees to be deducted from the end-of-month salary. It includes attributes: employee, amount, payment method, and description.
4. Viewing Payroll Data
The payroll sheet displays detailed data on each employee’s salary, including net salary, basic salary, total allowances, bonuses, fines, overtime, leave, etc.
The formula for calculating net salary is as follows:
Net Salary = Working Salary + Overtime Salary + Allowances + Bonuses − Fines − Advances + Service Commission + Performance Commission
Net Salary=Working Salary+Overtime Salary+Allowances+Bonuses−Fines−Advances+Service Commission+Performance Commission