It is no news that employees’ expectations regarding workplace benefits are rapidly evolving, and the rise of automation in the HR sector is a major catalyst.
Particular emphasis is placed on automation regarding payroll, given its direct impact on employees ‘ financial wellness and its resulting implication on employees’ workplace satisfaction. For instance, a survey by Symmetrical revealed that 44% of respondents would consider leaving their jobs after being paid incorrectly.
Therefore, HR managers in Nigeria must divert their minds to the possibility of automating payroll processing to ensure efficiency and reduce the risk of errors. In this article, we will examine the various ways Earnipay’s payroll processing software can help organizations in Nigeria improve employee satisfaction which would, in turn, aid retention.
How Earnipay’s Payroll Software Improves Employee Satisfaction in Nigeria.
Here are some Earnipay help organizations improve employee satisfaction with our payroll automation offering;
1. Payroll Processing efficiency
Our payroll processing solution provides a way out for payroll teams in Nigeria struggling with payroll processing, from gathering employee details to calculating worked hours, making deductions, and paying salaries while minimizing manual effort. Specially designed to accommodate different payroll structures, employers can customize and design their pay structures according to their roles and performance. This way, payroll teams can take mundane and repetitive tasks off their hands and focus on more meaningful work.
2. Compliance with regulatory requirements
Our Payroll software helps organizations in Nigeria stay compliant with regulatory requirements while avoiding costly fines and legal issues arising from non-compliance. When processing payroll manually, it is very likely for payroll teams to lose track of the changes in regulatory requirements, and it is understandable, given how multifaceted the nature of the payroll process is. In addition, when an organization is frequently burdened with legal fines and charges for non-compliance, this would be detrimental to its reputation and hurt its prospects of attracting top talent. Also, since employees are concerned about the reputation of their organizations, they are likely to leave at any time.
3. Improved Accuracy
Our payroll processing offering is specially designed to guarantee accuracy and speed, thereby reducing the risk of potential errors, mix-ups, and delays associated with manual processing. As a result, employees are happy when they are paid accurately and on time. It’s no news that salaries reflect employees’ values in their work. Therefore, delaying or making errors in their salaries deprives them of this value, resulting in an immediate decline in job satisfaction since they become less motivated and productive.
Automating payroll processing helps organizations communicate the value they place on their employees and shows that improving their employees’ financial wellness is a priority.
4. Aids Employee Retention Strategies
If your organization has recorded a high employee turnover rate over the years, consider automating processes, especially payroll, to improve employee retention. Since our solution facilitates speed and accuracy in payroll deployment, organizations are less likely to record a high turnover rate since employees are less likely to leave when they are paid accurately and on time.
How to get started with Payroll Processing in Nigeria Using Earnipay’s Payroll Software.
With Earnipay, automating payroll processing has always been challenging, given how straightforward it is to adopt.
Here are some easy steps to take if you’re looking to incorporate our payroll processing solution to improve your payroll processing;
- Head over to our website on your preferred browser.
- Click the “Sign Up” button on our website.
- To register, enter your contact and business details.
- Set up your finance and payroll choices. This involves deciding on the frequency of your paycheck, setting up automated payments, and picking the financing choices that best suit your company’s requirements.
- Start paying your employees.
Once you’ve completed your registration and opted to use our payroll processing solution, here are some of the features you can access to streamline payroll processes;
- Payroll computations are automated based on employee days worked and pay rates.
- Integration with tax and benefit systems to calculate deductions appropriately.
- Options for providing employees with paychecks or direct deposits.
- Access to finance options such as credit for payroll support.
- On-demand pay allows your employees to get their salaries whenever they need them.
- Advanced security methods to safeguard sensitive financial data
Payroll processing in Nigeria has become so much easier with Earnipay’s Payroll Software. With a user-friendly interface, we provide additional training and support to help organizations get the most out of our innovative payroll solution and more. What’s holding you back from getting started? Head over to our website and join the Earnipay tribe today!