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Live Salary


3.3

Review

Live Salary designs a SaaS that helps modernize HR processes. vv For more details about Live Salary see the about page. When choosing your online software, one of the many things you will want to know is if the publisher will be around for the years to come. Sometimes it can be useful to take a look at the careers page as a growth indicator.

Software features

Payroll and Compensation

The payroll software from Live Salary can help your business automate the payroll process and reduce the time and money otherwise spent on this function. This tool makes it easier to account for employee attendance data, make timely payments, and generate payroll reports.

Live Salary also makes it easier to calculate and file taxes and comes with compliance management features. Regardless of whether you're trying to automate the payroll process or are migrating from a different payroll software solution, Live Salary makes the transition smooth.

Pricing

Pricing for Live Salary depends on your company's needs. This will factor in the number of employees and the size of your organization.

Security

You want your valuable data to be in good hands. Live Salary is very aware that security is a key aspect of HR software. You might want to dig into the Live Salary privacy policy to get a better understanding on their internal security processes.

Interested?

If you are ready to pick Live Salary as your HR solution or need additional details, you can reach their sales team by phone or email.

FAQ

How can I follow Live Salary on social media?

What is the difference between compensation and payroll?

Payroll is an HR department’s function of periodically distributing paychecks to employees. On the other hand, employees receive compensation, which is the total cash and non-cash payments that they receive from the employer for the work performed. This gives payroll one definition more – the total compensation an employer must pay to its employees on a given date.

Is there free payroll software?

Yes, there are plenty of free payroll software applications available. But, they’ll have limited functionality in most cases and will require you to upgrade to gain the whole experience. However, using free software is a great way to test whether a particular solution is meant for your business.

How can payroll software help small businesses?

Managing employees’ benefits, paying them, and filing payroll taxes correctly is time-consuming and tedious. There’s also a chance of making many costly mistakes, which can damage your business. To counteract such incidents, it’s better to invest in a payroll system.

Can I do payroll without the software?

Yes, you can. But it’s a risky option that can lead to financial losses. It’s because manually performing payroll requires accounting expertise. The tax penalties imposed on any accounting mistake you make will be considerable, and so, it’s better to opt for a software application.

What is a payroll system in HR?

A payroll management system allows employers to manage employee salaries. Many aspects of payroll, including salary structure, deductions, and allowances, can be easily modified with such a tool. A payroll application also makes it easier to generate payslips and make direct deposits to employees’ accounts.

What is the purpose of a payroll system?

The primary purpose of a payroll system is to efficiently management payroll. It helps companies to ensure that employees are paid the right amount at the right time. It also makes it effortless to stay compliant with tax laws and regulations.

What are the two goals of the payroll system?

The two main goals of the payroll system are to ensure that the employees are paid the right amount at the right time.

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Page last updated on Monday, January 10, 2022, 7:13 PM GMT+1
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