How does payroll management function within Infor Global HR?

Payroll management within Infor Global HR is primarily designed to streamline and automate various payroll functions, which significantly enhances efficiency and accuracy. The correct approach is through automation of critical processes such as wage calculations, tax withholdings, and the generation of pay statements.

This automated functionality means that calculations are performed consistently and without the risk of human error, which is often introduced with manual input. Automated systems can also ensure compliance with the latest tax regulations, adapting seamlessly to changes in tax laws and reducing the workload on HR staff. Additionally, the ability to generate pay statements automatically provides a clear, timely, and reliable way for employees to access their earnings information.

In contrast, relying on methods like manual input, employee self-reporting, or third-party payroll services exclusively can create inefficiencies or potential issues with data accuracy and compliance. Thus, automating these elements is crucial for effective payroll management within Infor Global HR.