Payroll Software Features and Requirements
Payroll System
-
Core HR
-
Employee records, benefits management, PTO tracking. document storage
-
Payroll Management and Processing
-
Payroll tracking, direct deposit, 401k contribution tracking, bonuses and deductions
-
Recruitment and Employee Lifecycle
-
Job posting, social recruiting, ATS candidate portals, onboarding
-
Workforce Management
-
Time tracking. attendance and absence management, PTO, scheduling
-
Compensation Administration
-
Worker\'s compensation. minimum Wage adjustment, base salary administration
-
Tax Services
-
Tax calculation, social security taxes, tax document completion, tax filing/sending
-
Reporting
-
Budgeting, forecasting, generate payroll reports, financial projections, drill-down
-
Compliance Management
-
401k compliance, HIPAA compliance, EEO/OFCCP compliance, ERISA compliance
Learn more:
https://www.selecthub.com/hris/payroll-solutions/payroll-software-requirements-checklist/