Advantages and Disadvantages of leave management systems in India
Quite a number of managers have complained about the time and efforts required to handle employees leaves, process the leave information of each employee and to ensure adherence of the company leave policy. Leave applications are meant to be handled on a daily basis and the procedure of processing them involves looking into the employee leave history, that is leaves utilized by the employee in a given period and the available leaves for future.A learning management system (LMS) is a software application for the administration, documentation, tracking, reporting and delivery of educational courses or training programs. They help the instructor deliver material to the students, administer tests and other assignments, track student progress, and manage record-keeping. LMSs are focused on online learning delivery but support a range of uses, acting as a platform for fully online courses, as well as several hybrid forms, such as blended learning and flipped classrooms. LMSs can be complemented by other learning technologies such as a training management system to manage instructor-led training or a Learning Record Store to store and track learning data. (Source: Wikipedia)A good leave management system benefits both, the company as well as the employees. It allows for smart planning of an employee’s absence in advance. This way the employee’s can also plan their leave according to the staffing requirement of the company at a particular period of time. A good leave Leave Management System is basically a process within which the employees apply for leave online and the employer can customize different leave types and setup the leave policy suitable for the company. This process also enables employees to request leaves, view past leave history, and the employer can review and approve leave applications as well as track outstanding leaves as well.Advantages of leave management systemTransparency: Organisations these days are increasingly becoming aware of the importance of bringing in transparency in the workplace. By making all the information available to employees as well as their managers throughout the organisation, the leave system becomes all the more transparent. Thus every single member of the organisation is able to view their leave history and balance available to them. Their managers also share these details which makes leave approval or rejection becomes more transparent.Assures compliance to leave policy: The online leave management system, customized as per the company’s leave policy can ensure compliance with the company’s leave policy as it will use the inherent rules that will not allow employees or managers to allows leaves only their favourites in the workplace.Precise and accurate information: With an operational online leave system, you can access accurate information about employees’ leaves and number of leaves taken by them, leave trends, and leave balances instantaneously. This makes the process a single-step procedure rather than manually flipping through the leave register pages to cull out the required information. With the online leave management system being integrated with an online payroll software, it becomes easiest to generate accurate payslips, kicking off a number of benefits in succession.Leave policy awareness: The systems are designed to accurately display available number of leaves permissible, number of days required before applying for planned or long leave. Employees can, at any time, refer to the leave policy before applying for vacation days or even take sabbaticals if the company has a provision for it.Implements discipline: Leave management systems are designed to strictly follow company leave policies and the local labor laws. The employees and the managers can use the system without discrimination. Providing an easy access to personal leave history and leave availability can improve accuracy and build discipline in an organization. As a result, better employee attendance can also be expected as the employees will be well aware of the consequences of not adhering to the company leave policy.Disadvantages of leave management systemCost:Cost is one of the most important factors when it comes to selecting a good leave management system. Invariably the good ones always seem to be priced a bit expensive. Especially for smaller companies, this can pose a problem. With any system, there are acquisition costs and maintenance costs. Typically these systems are easier to handle from a cost standpoint since they do not require much initial outlay.Staffing:For a limited number of employees, the installation process is quite short. However if the number is huge, there’s probably the cost of hiring an IT specialist to manage the system.Scalability:Smaller companies tend to break out of their status quo and expand after a period of time. Thus, initially they may have chosen a simple leave management systems for their limited number of employees. As they grow, the system should be able to scale along with them. It doesn’t make any sense for companies to change the system every time their number of employees increase.Thus, before making a decision, be sure to carefully analyse the leave management system. It will save you a lot of time and efforts in the long run as well.
‘Paysquare’ a perfect
match for us as a consultant to deliver the best to our client. It extends User friendly
portal for Employees and seamless processing of Payroll including statutory compliance
on time! We
Parameshwer Matla
Human Resources
Columbus India
‘Paysquare’ a perfect
match for us as a consultant to deliver the best to our client. It extends User
friendly
portal for Employees and seamless processing of Payroll including statutory
compliance
on The most valuable service that we get from you is "peace of mind." I know that
once I
submit our payroll information, everything will happen on time, payroll, pay slips,
statutory reports, full and final settlement, returns and I know that we are and
will be
always in compliance with statutory laws regarding payroll.
Ramakrishna Dabbara
Sr. Manager – Finance
Sumtotal Systems
We would like to take this
opportunity to thank you for your continual support till date! Your support
especially
during this pandemic has been awesome! Be it the TAT (turnaround time) you people
are
processing our requests, being accommodative in accepting the II, III payroll
revisions,
working late/ weekends, delivering the reports in time and minimal to zero errors
are
some of the examples of your commitment towards work & deliverables.
Abhijeet Shete
SENIOR MANAGER- HUMAN RESOURCE
Altra Industrial Motion India
We would like to take this
opportunity to thank you for your continual support till date! Your support especially
during this pandemic has been awesome! Be it the TAT (turnaround time) you people are
processing our requests, being accommodative in accepting the II, III payroll revisions,
working late/ weekends, delivering the reports in time and minimal to zero errors are
some of the examples of your commitment towards work & deliverables.
Sukesh Baban Dhage
Manager Accounts
Hi Tech BioSciences India Private Limited
On behalf of Hitech
Bio Sciences India Pvt. Ltd., Hi Tech Bio Laboratories, Hi Tech Analytical Works
& Hi Tech Biosynth Pvt. Ltd., we appreciate your dedication to provide Payroll
services to our companies from the approximately last 4 years. We acknowledge the fact
that due to COVID-19, situation has become really tough across the globe. We all are
forced to stay at our homes and take extra care of ourselves along with family members.
It is a privilege to acknowledge you and your consultancy’s efforts and recognize the
valuable service that you have provided to us.
It is always gratifying to
work with such great people with extraordinary abilities to provide good and quality
service. The kind of response from your side get is fabulous and most memorable with
professional culture. Specifically we would like to mention that, your approach towards
the client is fantastic, for e.g. response to email is very prompt, continuous touch
with client, on time response to queries or questioners’, on time and accurate report
sharing. Flexibility to client requirement, Client / customer centric approach etc.
Timely payment of salary gives a lot of confidence to all employees and it is due to our
partners like Paysquare that Hi tech has never defaulted on its commitment of timely
payment of salaries.
Ratnakar Dhakad
Senior Operation Manager
Tecknack Technologies Private Limited
We are very impressed
with Paysquare team due to their ability to process payroll very efficiently. We
found the implementation team very knowledgeable, supportive and very systematic.
Paysquare is a very
matured payroll processing solution and they have well paid down processes to manage
first time as well as every month's processing.
Monica Shah
HR Business Partner India
Victaulic Piping Products India Private Limited
Honestly , It has been an
amazing experience working with Payroll team as on date . Deepika and Uma
has been a strong support to us.
They have always been very helpful and co-operative. I congratulate them to run payroll
with zero error
every month.
And I expect the same level of support in future. I am happy to be associated with
Payroll team.
Seagate India
Manager
I have been a client of Paysquare for 7 years and their services are fantastic. Migration from the old
consultant to Paysquare was seamless. Soon after the migration, Paysquare team was up the learning
curve. They never missed the deadlines provided by us. The team is always reachable, and they keep us
informed about changes in taxes or government policies which impact payroll. I have complete
confidence and trust in their payroll solutions, and we will always recommend them. Any company
looking to ease their payroll burden with friendly service and a flexible, secure system should partner
with Paysquare.