
Automate the calculation of bonuses based to increase employee productivity and retention. With CentraHub HCM’s payroll software, you could define various metrics for bonus calculation such as mapping employee’s efforts, tasks completed, deadlines met and more. The automated calculation would also help you be transparent in the bonus allocation process while making it easy and simple.
CentraHub HCM’s employee loan management system consists of an array of advanced features and tools with which you could:
By enabling you to integrate loans and payroll software with advance salary computations, CentraHub HCM helps you track loans of each employee through automated reports. You could also use its integration capabilities to adjust loans based on third party disbursements.
Maintain a digital loan ledger with details regarding amounts payable from different employees. Process payroll details, get balance summary and generate monthly recovery report with the digital ledger. The loan management software would also generate bonus pay slips which are usually not included in the normal pay slips.
With our loan management software, you could automate the periodic loan adjustment instead of getting it done manually. CentraHub HCM also takes care of all accounting processes for the liability account, prepares reports, deducting loan from the salary on monthly basis, providing you with 100% accurate monthly salary balance reports.
Loans may be required to be adjusted on a daily basis by the HR. However, with CentraHub HCM HR professionals may not have to spend their extra energies into adjustments of the loans. Now, adjust the loan with ease, whether it is EMI calculations or loan adjustments.
With CentraHub HCM’s loan management software, you could modify loans with ease and simplicity. The modification would get reflected across all accounts in real-time, eliminating the cumbersome process of manually checking each account to ensure accuracy.
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