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Advantages of Leave Management System

Advantages of Leave Management System Every organization, irrespective of size, requires a proper leave management system to be put in place. It is necessary for a variety of reasons and ultimately contributes to increased productivity and efficiency. Leave management systems have been handled manually since long- it is not just cumbersome but also leads to a lot of inaccuracies and errors. However, today online leave management systems have come to our rescue. The following points will give a lucid idea about how a leave management system can be of tremendous help in every organization- 1.Efficiency An online system is definitely more efficient and accurate and companies can do away with tedious paperwork and record keeping. 2. Access to past records The employer will be able to check the employee’s leave history, leave trend, leave balance and the number of leave he or she is eligible to apply for, which will guide him or her to make better decisions when it comes to approving leave applications. 3.Employee awareness: Not just the employer, but the employee will also have access to his leave history, which will help them be aware of the number of leave that is allowed. 4.Clarity of policy Every organization has a different leave policy. Adherence to the leave policy will be ensured, as the leave management software will help employees check the instructions and criteria under the company’s leave policy, every time they apply for a leave 5.Transparency Every leave application can now be accepted or rejected by a fair imposition of rules and regulations pertaining to the company’s leave policies. For example, if an employee has already crossed the maximum number of leave and has sent in another application, the employer can easily reject his application by showing him or her his past leave records without having to scrounge through hundreds of applications in paper. This method ensures a lot of convenience and transparency. 6.Complexity made easy Many companies have complex leave policies, especially the ones which operate in different countries and hence using an online leave management system will help customize leave policies as per the requirements. 7.Productivity With online leave applications, the employers will have complete knowledge of how many workers are available in a particular department during a particular period of time, that is, employee availability. This will help in eradicating the practice of uninformed leaves, and make sure that no department, at any point of time is understaffed. 8.Forges responsibility among employees As employees have access to the leave policy, leave balance, leave history and the company calendar, they can plan their leaves accordingly. BizHRS payroll processing tool will help you streamline the entire leave management system using its cloud based tool. To know more about the Features  Visit “BizHRS HR and Payroll Software in India” 

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What is WPS (Wage Protection System)

What is WPS (Wage Protection System) WPS is a electronic transfer system that allows employer to make payment of wages through banks, bureaux de change and financial institution.  WPS is developed by Centeral bank by of UAE that allows the ministry of labour to create a database of wage payments in the private sector to guarantee the timely and full payment of agreed-upon wages.The WPS covers all institutions registered with the Ministry across all sectors and industries and will benefit different categories of labour. Parties Involved for WPS Workers Employers Banks WPS Agents Basic Requirements Company needs to be registered with the Ministry of Labour. They should have a bank account with one of the banks operating in the UAE The company should enter into a contract with agent (bank, bureau de change or financial institution approved by central bank of UAE. Workers’ wages will be transferred via WPS as per the deadlines specified in the Ministerial Resolution No. 788 of 2009. Institution will have to transfer workers’ wages via WPS within two weeks of their due date, or on the dates specified in the work contract if wages are paid more frequently than monthly. The employer will bear all expenses incurred upon joining WPS, including bank fees, service provider charges, and all other costs. Employers are not allowed to share any costs with workers’ by any means, including deducting from their wages, directly or indirectly. Benefits Streamline of Payroll and salaries functions. Evidence that salaries and wages have been paid on time, it is important if there is any labour dispute. It promotes transparency and ensures trust between business and their employees. Consequences of failing to join WPS Institutions failing to transfer workers wages by the deadlines specified above will be denied the right to have new work permits. This ban will only be lifted in the month following the transfer of workers’ wages in full. Institutions that delay wages’ payment more than one month of the due date will be denied the right to have new work permits, along with all institutions owned by the owner of the violating institution, and to refer all those responsible for the violation to the court, in accordance with Ministerial Resolution No. 788 of 2009.

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