Managing effective payroll in the security industry

Dear security leaders,

The next article in the series of Articles for awareness, peer learning and to generate security consciousness to help achieve secured and professional environment is by

Mr. Rakesh Raorane - Deputy Vice President - Accounts

Managing effective payroll in the security industry can be complex due to the need to handle various shift, overtime, compliance with Labor laws, and the geographic distribution of the workforce. Here are some key technologies and tools that can aid in effective payroll management in this industry:

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We required robust payroll system, with clear features

a.?On boarding of new employee’s data to capture with correct connectivity with Aadhar data.

b. Time & attendance system

?? i.????? Capture, correctly with ESS, biometric, manual, etc.

??? ii.????? Employee scheduling tools, duty rostering, tracking correct shift.

iii.????? Mobile Apps

c.? Correct salary process as per standard compliance.

i.????? Capturing of client, duty, designation, category, state wise rate v/s connected compliance. ?

ii.????? Monthly salary processing as per attendance, over time, variable earning & deduction.

iii.????? Back dated salary process with correct back check with prior month data.

iv.????? Full and final module with standard requirement of compliance as well as all required supporting to preserve in system. ?

v.????? Connect standard approval matrix as per module.

d. Salary disbursement directly through company bank to employee account, with minimal manual intervention v/s connect with four level checking and approval matrix. ?

e.??Auto connectivity of salary JV in finance system

f.???Data analytics report tolls for standard compliance, audit and management reports in place.