Ramco Systems

  The Hon’ble Finance Minister presented the Union Budget for the Financial Year (FY) 2024-25 (Assessment Year AY 2025-26) on July 23, 2024 and it got Presidential assent on August 16, 2024, without any change to the proposals made in July impacting payroll. Source

  Change management is paramount during a payroll system or vendor transition. While often associated with broader organizational shifts, its role in ongoing/Business-as-usual payroll changes is equally critical. Payroll transformation impacts not only employees but also the HR, finance, and IT departments making the transition quite complex.   Source

  Think payroll is just about handing out checks? Think again. Let's explore the post-payroll world,  The   importance of efficient payroll processing , as discussed in the previous article, seamlessly transitions into critical post-payroll activities. Source

The aviation industry thrives on razor-sharp efficiency. Every minute an aircraft spends grounded translates to lost revenue, affecting the entire ecosystem. Maintenance, repair, and overhaul (MRO) operations are critical in keeping aircraft airworthy in this dynamic environment. However, paper-based workflows and siloed information within aviation MRO hinder efficient supply chain operations, impeding the industry’s ability to meet modern aviation demands. Source

Building upon the enhancements discussed in the  first article regarding the pre-payroll phase , it is evident that the foundation set by optimizing the initial stages significantly impacts the efficiency of the subsequent employee payroll processing phase. This article, the second in the series, explores the core activities involved in payroll processing - a critical component for payroll administrators and a pivotal element in ensuring overall employee experience.  Source