Best HR & Payroll Software for Medium & Large Businesses in Bangladesh

best hr software for medium business

Are you looking for the best HR software for your company? Do you consider your business as a medium or a large company? No matter whether your organization is large or medium, your organization will need HR software to make life easier. 

An HR has to perform some crucial activities in the organization. To make those activities struggle-free, the best hrm payroll software requires

What is HR & Payroll Software

Software that automates the daily activities of hr and administration is HR and Payroll software.

In an organization, HR has a lot of activities to perform. HR software is dedicated software for all activities. HR software is a part of HRIS. It is getting more popular worldwide every year.

Here are some activities that HR software does:

  • Recording Hours
  • Attendance management
  • Clock in, clock outs
  • Tracking employee activity
  • Tracking work
  • Payroll

Features of the Best HR Software for a Large Corporation

Here are some features of HR and Payroll software for large and medium organizations.

features of hr software

1. General portal

A portal for employees to stay up-to-date. The portal can store some information about the employees of the organization. Employment records, work hours, starting dates, payments, tax details, and more can be shown in the portal.

2. Payroll

One of the most important functions of HRIS in large or medium organizations is payroll. The software should be able to adjust the payment accordingly and distribute the payment to each employee.

3. Time tracking

It refers that when an employee is doing what. And HR software has the ability to track an employee throughout the work. When an employee is taking a break, for how long, how much time is spent on each activity, and more can be tracked. 

4. Leave Management

Each employee has different leave timing. The HR has to adjust the leave with the remuneration of each employee. Keeping track of leaves is also what hrm payroll software does. 

5. Performance Evaluation

Effective strategic HR metrics is one of the best steps a manager can take to achieve success.

HRMS simplifies the evaluation process by including KPAs and KRAs in roles. It provides more transparency and fair results for all employees regarding attendance and time. In addition, increasing productivity requires effective knowledge management and skills.  They can be achieved through training and development.

6. Training

As technology and processes change, every employee needs to update their skills. Human resource management processes help identify these skills gaps. at the same time, track key costs for training and development.  guiding the management of employee training policies is also a part of the HRIS. In HRM, artificial intelligence will be an important tool for learning, adapting, evaluating, and retaining new knowledge and skills. 

Medium and Large Organizations in Bangladesh

According to IGI Global, a service organization with 50 to 100 employees is considered medium.

The organization needs to fulfill this in order to consider itself a medium organization. 

Here are some examples of medium organizations in Bangladesh:

  • Agro & Agro Processing  Industry Joikko Agro LTD
  • Hotels/Restaurants/ Services Industry Cookups
  • Wholesale & Retail Industry Shopway

On the other hand, according to Bangladesh Bank, an organization having more than 250 employees is considered a large organization.

Any organization can reach the abovementioned position, it can consider itself as a large organization.

Best HR & Payroll Software for Medium & Large Businesses in Bangladesh

Without a shadow of a doubt, PiHR is the Best HR & Payroll Software for Medium & Large Businesses in Bangladesh. Trusted by more than 300 organizations, PiHR has all the necessary features to fully operate a large or a medium organization.

The features of PiHR have all the necessary components to run your organization smoothly.

hr software for medium and large organization

1. Attendance Management

The absolutely essential feature to have in hr software is attendance management. The software will track the absent and present employees. PiHR records the attendance data with a biometric fingerprint sensor. Whenever the fingerprint is scanned, it automatically records attendance data along with more information about the employee.

2. Payroll Software

Another must-have feature is payroll. The software will distribute salaries, create salary certificates, and pay slips, manage salary structure, and much more. The software can provide the necessary documents and data on demand. This makes the payroll process much easier.

3. Tax management

Adjusting salary with tax, tax deduction, and tax factor control can be done with this hrm payroll software. Tax adjustment while salary distribution is a key task of an hr. Having PiHR by side, this is no longer a challenge.

4. Shift Management

Your organization might have a roaster-based hybrid system. PiHR will allow those organizations to manage and monitor your organization. Setting up roaster or shift, calculating over time, and more. The roaster-based hybrid work environment can be a challenge to manage. But the cloud-based employee management system can make the whole process hassle-free.

5. Leave Management

Whenever any employee takes leave, the software will keep track of it. It will adjust the leave with the employee calendar. The software will memorize the leave count of each employee.

According to the organization’s policy, you can adjust non-government leave, paid or no paid leaves. At the same time, submitting the leave application is a much easy process.

6. Expense Management

Expenses with regard to management can be organized much more easily. 

The process involves evaluating the expenses with the company’s policies for expense control. The software helps to control and monitor the expenditure of your business. 

Expense claiming, Claim category management, expense reimbursements, and reports are no longer an issue.

6. Expense Management

Expenses with regard to management can be organized much more easily. 

The process involves evaluating the expenses with the company’s policies for expense control. The software helps to control and monitor the expenditure of your business. 

Expense claiming, Claim category management, expense reimbursements, and reports are no longer an issue.

7. Employee Tracking

Tracking any employee’s daily activities, clock in and out, and work times are now an easy process. The software will track location tracking, screen activity, browser history, etc., to monitor employee activity.  Even in a hybrid environment, this feature allows the organization to keep track of every employee as it stays connected with the devices while working.

8. Employee Monitoring

An employee monitoring software records employee productivity and performance during work hours. With more people working remotely, it has become an essential activity to have a monitoring system. Cloud-based employee management systems can track who is taking how many breaks, how long to complete a project, and more. 

9. Digital Notice Board

Notice board to show some quick information. A little summary of employees, employment history, employee hierarchy, and more. This allows any person to have a quick overview of what he or she wants to know. PiHR will reduce the time and cost for the admins by making all the information available at a glance.

10. Notification

A real-time system to notify employees about upcoming events, mail, meeting, or work due. PiHR has a popup notification system that makes sure you don’t miss any notifications.

11. Security

Managing all the HR activity becomes more secure and solid with PIHR. An HR has to deal with a lot of confidential information in the organization. without a solid security system, this whole process would not be possible.

Pricing of PiHR

The pricing of PiHR is as follows:

Package-Mid: ৳5000 per Month

  • Excluding Vat & Tax
  • Installation Charge – 5000 Tk
  • For 50 – 100 Employees
  • Free Employee Database
  • 24/7 Free Support
  • Free Updates

Package-Large: Customisable

This is a customizable package offed by the organization. You can directly contact them for any queries about this package.

Why Choose PiHR (HRMS Software)

There is a lot of hr & payroll software in Bangladesh. But let’s look at some reasons to go with PiHR.

why choose pihr
  • Best features with affordability:

    Best hr software in Bangladesh, PiHR is not only offering the best features but also the price is affordable.
  • Provides 24-hour support:

    Whenever you find any difficulties, our 24/7 service is ready to provide you assistance.
  • Trusted by 300+ organizations:

    Our software is trusted by more than 300 organizations all over Bangladesh.
  • User-friendly:

    All the features and options are self-explanatory and easy to understand.
  • Has SSL/TLS and SQL security:

    We have SSL security for websites. For transferring information securely, we have TLS certifications. And finally, for our server security, we have SQL certification.
  • Free Employee Database:

    we are providing a database server to any of our package users.

Final Thoughts

Whether your organization is medium, or large, the right operation with the right tools is required. The right tools in the right hands can make all the difference. 

So depending on your organization’s size, you need to choose the best hr software in Bangladesh.

Contact us to get the solutions and leave your hrm stressed.

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