PowerPay - Flexible benefits administration

Image HR policies are increasingly gravitating towards flexible pay structures - some times referred as basket benefits. This allows individual employees to choose various cash or non-cash benefits subject to the overall limit and eligibility rules. PowerApps automates the entire process by allowing employees to opt for benefits online, while maintaining strict adherence to the policies.

Flexible benefits module allows the organisations to configure:

  • Formula or rule based flexible amount for each individual - also referred as FBP or FBA
  • Employees are able to structure their salaries online through self service
  • Automate tax or exemption calculation on FBP components - as applicable
  • Open the FBP form to employees as and when required, upon mass salary change, promotion / increment, new joinee cases, etc.
The advantage of Flexible Benefits plan is to ensure tax efficient salary structures with the least administration cost. It's extremely difficult and costly to roll-out FBP without a proper system and PowerApps makes this employee friendly plan extremely easy to roll-out. Read More

Related information :
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PowerPeople Advanced HR

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Leave, Holiday and Absence management, complete with online application and approval workflow.  Read More

PowerTime

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Significant cost savings

PowerApps deliveres significant and measurable cost savings in a surprisingly short time frame.

Increase responsiveness

Align your organisation to business challenges and galvanise the teams to work and collaborate on HR.

Better planning

Aids better planning with user friendly tools.

Boost transparency

Increase transparency by making information available to those who need it, without human intervention.

Reduced query resolution time

Make answers available to common queries and non-standard queries directly through employee self-service. Transform routine query resolution and tracking to a SLA driven process

Increased Employee satisfaction

Create a culture of performance and increase employee satisfaction, by virtue of empowerment and transparency. This is achieved by the simple mechanism of self service for employees and managers.