HR & Payroll

SPEED-P automates the tedious data entry work of the HRD staff, especially the manual work involved in making the Payroll. The following are the critical HR functions that our Platform efficiently streamlines:

Portfolio Management

  • Supports to register different type of employees namely
    • Contract
    • Subcontract
    • Temporary
    • Trainee
    • Apprentice
    • Consultant
  • Enables the maintenance of employee personal details, dependent details, education qualification, skill sets, experience, traits, contract details, notice period, etc
  • Scope to capture statutory details such as ESI, PF, Income-tax, Aadhaar, and bank account details
  • Gives the provision to register profiles for new hire, promotion, transfer, compensation and benefits information, and miscellaneous changes
  • Records details of employee resignation, termination, and approval through workflow
  • Eases the error-free maintenance of Employees’ personal/professional data, vital information of legal documents, Passport, Driving License, Work Permit, Identity Card, Medical Card, and Insurance, etc

Payroll

  • Eradicates the tedious and error-prone manual data entry process
  • Provides the scope to preset company-specific formulae to generate Payroll
  • Effective integration of all concerned business units automates payroll generation at the touch of a button
  • Option to prepare payroll multiple times, verify and process payroll
  • Generation of up-loadable ESI, PF Statutory Reports from the processed payroll
  • TDS calculation
  • End of service benefit and final settlement

Leave and attendance management

  • Easy to define different type of leaves, rules, yearly leaves entitlement of employees
  • Monthly / yearly leave accruals
  • Paperless leave requests, permission requests, OT requests, approval and automatic notification
  • Enables to track employee leave entitlements, transactions and current balance at any instance

Loan Management

  • Supports to define different type of loans and criteria
  • Employee loan request and approval
  • Efficient loan processing as per the company guidelines
  • Loan disbursement through employee payables or payroll
  • Offers flexible loan amortization schedules
  • Eases employee loan deduction through Payroll