Employee Finance

Officekit HR will handle all the employee finance details and will help the organization track and retrieve employee finance details.

• Keep track of all the payroll information
• The employee can view their salary history and payslips
• The employee can declare the tax declaration and upload the required documents
• Keep track of the claims and reimbursement
• Provide compensation Analytics
• Generate bank files/salary information files (SIF) automatically

Compliance Management

Officekit HR lets you manage all the compliance with all rules and regulations. Compliance Management will help the HR manager navigate compliance challenges for better decision-making.

• Payroll Compliance includes capturing of data and calculation of allowance, benefits, net wages.
• LWF is based on the location of the organization
• Benefits Compliance to manage retirement and pension accounts
• PF Calculation based on the employee salary or management bands
• Risk and safety compliance for all the technical aspects of occupational safety
• Automated deduction of professional tax and generation of compliance form based on each state
• Allocated tax deduction to deal with rewards, tax declaration, loss of pay
• Generate filing outputs meeting the ESI office standards

Unlimited Pay Component Configuration

Officekit HR lets you define the different types of pay components for an employee.

• Defines certain elements of an employee’s compensation package
• Define the different pay grades of each team of an organization
• Define different pay range for an employee
• Define how often a pay component is paid out
• Payroll can be monthly, semi-monthly, weekly, or daily, depending upon the organization

Arrears and Retro Salary Calculation

Officekit HR manages all the arrears of any organization by sending them alerts and notifications and will help the organization to calculate retro pay.

• Send an alert when a payment is overdue
• Calculate the compensation of the employee’s paycheck to make up for the shortfall of the previous year

Off-Cycle Payroll

Officekit HR lets you process the payment outside the payroll process. It manages the bonus or increment of an employee in the organization. You can configure the time when the off-cycle payroll must be processed.

Loan and Advances

Officekit HR lets you help your employee in times of their need.

• Configure loan policy
• Set up eligibility criteria
• Loan application and approval
• Calculate EMI
• Integrate with payroll
• Salary Advance request
• Loan Reports.

Leave Salary Processing

Officekit HR lets you manage your payroll processing based on the leave policy set by the organization.

Multi-Country and Multi-Currency Payroll

Officekit HR lets you configure and enhance the payroll process by converting its currency based on the location of the organization.

Payslip Generation

Officekit HR lets the employee generate a payslip with a single click. It will reduce the tedious task of generating manual payslips. The organization can configure their payslip according to their need. The user can configure the header, the details included in the payslip like increment, tax deduction, gross payment, and many more. The employee can also generate password protected payslip