Top Tips to Save Time By Automating Payroll Services in the UAE

Payroll services in the UAE can become time-consuming and tedious for your business. Additionally, the complex legal framework that includes Wage Protection System compliance, gratuity calculations and multi-currency salary structure, makes payroll management overwhelming. This is specifically true for small and medium sized enterprises.

You cannot manage payroll manually or use outdated systems for the purpose. This would take up a lot of your time, money and energy. For this purpose, you should automate payroll services. Here we will share how automation can help you save time while managing payroll.

1.      With automation, you can speed up salary processing and disbursement. Manual payroll involves going through spreadsheets, calculators and then manually cross-checking the data between the HR, finance and employee records. As a result, you will take up a lot of your consumer’s valuable time. It can also increase risk associated with human error. By automating the payroll system, you can calculate salaries using real-time attendance, leaves and overtime data. Additionally, it involves processing the approvals digitally. Lastly, you will notice that it can help you manage automated formatting for WPS requirements. By automating payroll with the help of tax accounting services in Dubai, you can complete time-consuming tasks in minutes.

2.      In UAE, you have strict regulations for labor compliance and payroll. As a business, you must stay up-to-date with these regulations. You must adhere to WPS, Wage Protection System, to manage salary transfers. You should also know the gratuity and end-of-service benefit calculation methods. At the same time, you should be aware of the leave salary and airfare entitlements for the particular employee. Lastly, your accounting and finance team must know the new corporate tax implications and how they benefit the employees. With an automated system, you can keep up with the new laws and ensure legally compliant and accurate calculations. You can reduce the chances of attracting fines, and penalties from the Ministry of Human Resources and Emiratization and other regulatory bodies.

3.      When you manage payroll manually, you need to gather attendance from separate systems and excel sheets. This can cause delay in sending out the salaries with major inconsistencies. You must use automated payroll services in UAE that can integrate the payroll system with HR and biometric systems. You can easily pull out check-in and check-out times along with sick leaves and annual leaves. Make sure to include overtime hours and unpaid leave deductions. With this, you can eliminate the long manual hours you need to ensure salaries are disbursed on time.

4.      It can also help you generate pay slip instantly and allows employees to access their attendance details. You can send the pay slips directly to your employees via emails and self-service portals. The portal can improve administrative efficiency, which helps track deductions, bonuses and allowances. You can also automate payroll-related queries online immediately. This boosts transparency among the employees, which can improve their satisfaction levels.

It is possible your business has multi-national teams, wherein you need to manage the salaries in different currencies. At the same time, you need to provide distinct benefits structure. Automation in payroll can help with currency conversion and ensure adherence to location-specific tax regulations. It can also help integrate different payment methods and dates, which is useful for tax accounting services in Dubai.