Chapter 1
Chapter 1
Chapter 1
1.1INTRODUCTION
Payroll management is one of several industries that has undergone a substantial transition
toward automation and digitization in recent years. Many businesses have implemented
paperless payroll solutions in their efforts to improve efficiency and streamline processes. An
introduction to the implementation of a paperless payroll system for MSU University is the
goal of this chapter. Payroll management has historically entailed labor-intensive, error-prone
manual methods. The amount of documentation that HR departments had to manage included
timesheets, tax forms, and pay stubs. These manual procedures increased the danger of data
inaccuracy and compliance problems while also consuming precious resources.
Paperless payroll has paved its way during the 20TH century in time, when there was the
removal of resource use of materials. However, over time, the contemporary paperless
payroll system payroll system as we know it has undergone a substantial evolution. Payroll
procedures in the past required tedious human labour, handwritten calculations, and ledger
entries. When computers first appeared in the middle of the 20th century, businesses started
automating their payroll processes with primitive computer systems. With the great
modernised and automated world, the paperless payroll system improved greatly now
allowing, employees to enter hours worked into an online portal, pay checks are sent
electronically via email or saved in the employee’s profile and having records being stored in
the cloud-based software.
Sending and receiving paper-based checks can quickly add up when you consider all the
material inputs, including paper, ink, envelopes, and stamps. Using an electronic payroll
system helps to eliminate these costs in much the same way that email is more cost-effective
than sending physical letters. And, digital payroll is more sustainable than using paper
checks.
2. Faster processing
In addition to material expenses, physical checks carry many hidden costs in terms of time
spent printing, signing, sealing, and delivering each pay slip. Even if you assign these tasks to
employees, they’re still on the clock. As such, there are direct costs in the form of wages
when processing payments manually.
3. Improved reliability
Paper-based checks can get lost or delayed in the mail. With electronic payments, however,
direct deposits arrive in the employee’s preferred payment account on the date scheduled. Pay
stubs are also accessible online. This creates a more reliable way to compensate employees.
The Fair Labour Standards Act mandates that companies keep payroll documentation for at
least three years.These requirements are in addition to whatever state-level regulations might
apply in your jurisdiction.
There were many issues with the manual payroll method, including:
More likely to produce errors: One of the problems with this method is the enormous
room for error. If the payroll representative makes more manual computations, there
will likely be more errors.
Slowly valuing data The information won't be available right now. This is so that
more physical labor and data transcription work may be done. It may take some time
for reports to become available. Any information analysis will need your undivided
attention and time.
All new hires would need to have prior training in payroll management. They would
also need to be familiar with regulatory laws and compliance-related issues.
1.3Aim
1.4 Objectives
It brings convenience to staff which is one of the main goals of introducing a BYOD-
based paperless payslip delivery system.
Employees should be able to navigate and read their payslips with ease thanks to the
system's user-friendly design.
Core i5 laptop
Android Phone
Although emulators will be used, hardware devices of different sizes will be used to
test the responsiveness of the syste
1.9Conclusion
In conclusion, paperless payroll systems is an important tool for businesses and organizations
to use in the future to provide quick, accurate, and effective data about payroll systems. The
examination of vast and intricate datasets of employee data is made possible by the usage of
paperless payroll systems.
The payroll system can be automated, which offers a faster and more affordable method of
computing compensation than manual systems do. Additionally, they present a chance to
learn important things about the elements that people and organizations use to anticipate the
amount of compensation with accuracy.