The HR data analytics of Workstem analyses past payroll data and makes reasonable adjustments in the payroll policies accordingly, minimise HR expenses, mitigate potential risks, and execute more successful strategic plans.
Payroll data analysis helps you to project the payroll and predict the risk to achieve efficient operations.
Is the proportion of departmental payroll unbalanced?
Departmental and positional analysis help you optimise payroll allocation and set up appropriate incentive policy, improve employee performance and experience, and maximise business outcomes.
Are compensation and benefits compatible with the market?
All data is integrated in one platform, in which the accurate comparison of industry average is shown in intelligent charts, helping companies adjust payroll policies and enhance competitiveness.
Is staffing of the company improper?
Our payroll analysis helps project the revenue, focus resource planning and boost human capital investment strategies.
Visualised payroll analysis and accurate data enable you to monitor real-time operating status, and rapidly adapt to market changes.
When pay scale does not match the current business development, you can ultilise the payroll analysis to adjust payroll budget of each department, improve employee performance, and maximise business output.
The comparison of months to months payroll data in any period helps you to be competitive in the industry, so to optimise the flexibility in operational cost.
Through comparison of total payroll and number of employees in different periods, forecasts on the human resources costs are readily available, which will empower you to plan for future business strategies.
Workstem provides you with powerful data support to understand the salary structure.
Workstem is your one-stop payroll system, with functions such as scheduling, attendance, leave, reimbursement, payroll, MPF, and tax filing, Workstem seamlessly handles your HR processing task faster and more conveniently under one platform.
What payroll analysis reports are supported?
Workstem supports payroll analysis reports such as position wages analysis, total wages analysis, monthly wages analysis, etc.
Can I see the payroll comparison of different periods?
Yes, in the total wages analysis, you can see the difference between this month’s wages, last month’s wages and the same month last year.
What are the benefits of HR data analytics for companies?
Companies can keep abreast of whether the payroll distribution is reasonable to adjust the payroll structure, control the employment cost, and improve the operating conditions.