Employee Retention Made Simple @ Pharma Companies

Pharma Industry is one of the leading industry vertical within India. Our client is from the same domain and one of the leading company with offices across India.

Pharmaceutical image

As their employees are present across various locations, they were facing issues with the leave and attendance management. Due to flaws in attendance the impact is seen on the payroll as well. We all very well knew one impact on payroll, impacts the business and leaves the employees unhappy.

Being an employee centric company, they wanted a definite system that could handle their Leave and Attendance effectively along with payroll. We being experts in Leave and Attendance Management and payroll services have offered them our solution markmypresence.com (MarkMyPresence is a SaaS based portal that is designed to manage all the attendance related matters), and makemysalary.com (makemysalary.com is a SaaS based portal used to check payroll related details), these two services brought a pretty good change within the company.

Employees started to feel valuable with the add on services that are specially designed for them. The learning from this clients made us help understand the pharma industry. Also, the main concern we noticed was with reconciling the data report that is generated from the Biometric machines. This is effectively managed with markmypresence and the payroll process got easier by makemysalary.

Our services turned out be a WIN WIN situation for the company by retaining their valued employees and are growing by x folds.

Integration With Human Resources Aids Payroll Administration

Driven by the demands of the Affordable Care Act (Pub. L. 111-148) and the increased use by employers of private health exchanges, some benefits experts predict a greater reliance on the use of human resources technologies by payroll departments to aid implementation of the law.

“The best platforms will enable an organization to integrate the numerous functions of benefit administration with their weekly payroll functions,” said Tom Hayes, employee benefits practice leader for the Regions Insurance Group.

The integration of payroll operations is necessary for the streamlined and efficient administrative processes of adding new or updated enrollments and deductions, Hayes said in a February article for HR Professionals Magazine. Additionally, new hires and terminations involve the payroll department and the administration of company health plans, he said.

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Why It’s A ‘Glorious Time’ To Be In HR

Last month employers in the U.S. added 288,000 jobs. It marked the best five month stretch of job creation since 2008 and the U.S. economy has now officially recovered from the job losses of the last great recession. Of course this is great news for everyone. But there’s one tech industry in particular that particularly benefits when more people are working. Those are the companies that make human resources (HR) software.

There has been a quiet explosion of cloud based HR applications during the past few years. And venture capital firms are literally throwing money at the companies that make them

Read More @ http://www.forbes.com/sites/quickerbettertech/2014/07/07/why-its-a-glorious-time-to-be-in-hr/