Considering the fact that payroll
is a complex process, it can take almost hours from the business of the company
while leading to errors which can prove to be quite costly for Ooredoo. Other
than this organization, many small businesses and organizations seem to depend
on their accounts, third-party contractors, and mostly automated systems for
taking care of it. Regardless of the services that they are providing, the
features of the system can be easily customized according to the requirements
of the business. It can be said that some of the most efficient and effective
payroll systems seem to provide benefits in terms accuracy, cost, time, and
even organization. It is the accuracy that allows a company to be efficient in
every aspect of its functions and be more transparent with its workers.
The payroll and attendance system
of Ooredoo must be capable of accommodating its workers along with their hours
that they spend working. With a good system ready and set up, the organization
will be able to have a precise record of the working hours of the worker and
one of the major benefits of an automated payroll and attendance system is that
it minimizes the likelihood of any type of error since the old factor changing
the whole scenario is just when the workers are clocking and clocking out. Some
businesses conscious about the clocking-out, hire an in-house accountant for
recording the working hours just when the employees are forgetting to clock-out
for a specific task like having lunch (Disselkamp 2013).
It is actually a misconception
about the automated systems of payroll and attendance that they simply record
pay and work. They can be set up for other complicated operations as well like
benefit purposes and deductions for tax. Between the federal and state taxes,
Social Security and Medicare along with other specialized purposes require a
good or substantial amount of calculations. Most of the systems of payroll can
be changed for accommodating the benefits and tax needs of an organization and
can be adjusted further for specific conditions.
Another feature of the system of
payroll is that it can be utilized for keeping accurate and detailed records
which can also be used by Ooredoo. These records can be easily stored in the
main database of the organization, can be monitored online, or in a completely
outside facility used for keeping records. Organizations other than Ooredoo can
be also be helped by an automated payroll and attendance system for monitoring
trends like how much overtime must be paid by the company and how many workers
are participating in the retirement plans of the company. The organization can
be helped a lot by record-keeping because it facilitates the monitoring of
trends like just how much overtime is being paid while ensuring that the
company is complying with every relevant law and preparing for an audit or any
other type of investigation of the business. A system of payroll that is
precisely storing hours will make preparation of tax smoother.
Ooredoo can also be helped by an
automated system of payroll and attendance in eliminating the busywork by
completely streamlining the process of payment, record-keeping, and scheduling.
Workers can be allowed to access their records and put in requests for getting
some time off through automated system. An effective system can be streamlined
and standardized with directions beforehand.
References of Ooredoo Telecommunications company in Oman
Disselkamp,
Lisa. 2013. Workforce Asset Management Book of Knowledge. John Wiley &
Sons, .
Jiang, Kaifeng, David P. Lepak, Jia Hu, and Judith C. Baer.
2012. "How does human resource management influence organizational
outcomes? A meta-analytic investigation of mediating mechanisms." Academy
of management Journal 55 (6): 1264-1294.
Ooredoo. 2019. Financial information.
https://ooredoo.com/en/investors/financial_information/.
—. 2019. Who we are. https://ooredoo.com/en/who_we_are/.