Payroll Software Features and Requirements

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

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