info@gtrbd.com
+880 1613019368

Top 10 HR and Payroll Software in Bangladesh| GS hrm

The Bangladeshi business landscape is booming, and with that growth comes the increasing need for efficient HR solutions. Managing a workforce effectively requires streamlined processes, accurate data, and a focus on employee engagement. HR and payroll software plays a crucial role in achieving these goals.

What is HR & Payroll Software?

HR and payroll software is a comprehensive solution designed to automate and manage various human resource and payroll processes within an organization. These systems handle tasks such as employee data management, payroll processing, time and attendance tracking, benefits administration, and compliance with labor laws. By automating these functions, HR and payroll software improves efficiency, reduces errors, and allows HR professionals to focus on strategic activities.

Top 10 HR and Payroll Software Companies in Bangladesh

1. GS HRM

Introduction

GS HRM is a robust HR and payroll software solution designed to meet the diverse needs of businesses in Bangladesh. Known for its user-friendly interface and comprehensive features, GS HRM is trusted by numerous organizations.

Key Features

  • Recruitment and onboarding
  • Employee database management
  • Time and attendance tracking
  • Payroll processing and tax calculations
  • Performance management
  • Employee self-service portal

Pros

  • Intuitive and easy-to-use interface
  • Comprehensive feature set
  • Reliable customer support

Cons

  • Limited customization options
  • May require initial training for new users

2. PiHR

Introduction

PiHR is a cloud-based HR and payroll software solution that offers a range of features to streamline HR processes. It is widely used by businesses of all sizes in Bangladesh.

Key Features

  • Automated payroll processing
  • Employee attendance and leave management
  • Performance appraisals
  • Employee self-service portal
  • Compliance management

Pros

  • Cloud-based access
  • Scalable for growing businesses
  • Regular updates and feature enhancements

Cons

  • Higher cost for premium features
  • Occasional technical support delays

3. Jibika Plexus

Introduction

Jibika Plexus provides an integrated HR and payroll solution tailored to the Bangladeshi market. It focuses on delivering a seamless experience for HR professionals and employees alike.

Key Features

  • Recruitment and onboarding
  • Payroll and tax management
  • Time and attendance tracking
  • Performance management
  • Employee engagement tools

Pros

  • Comprehensive feature set
  • Strong focus on user experience
  • Excellent customer support

Cons

  • Limited integration with third-party applications
  • Higher upfront cost

4. LinesPay

Introduction

LinesPay is a versatile HR and payroll software solution designed to automate and optimize HR processes for businesses in Bangladesh.

Key Features

  • Payroll automation
  • Attendance and leave management
  • Employee database
  • Performance management
  • Compliance tracking

Pros

  • User-friendly interface
  • Robust payroll features
  • Affordable pricing

Cons

  • Basic reporting capabilities
  • Limited customization options

5. PeopleDesk

Introduction

PeopleDesk is an all-in-one HR and payroll software solution that simplifies HR management for businesses in Bangladesh.

Key Features

  • Automated payroll processing
  • Employee attendance tracking
  • Performance appraisals
  • Employee self-service portal
  • Benefits administration

Pros

  • Comprehensive HR management features
  • Easy to implement
  • Responsive customer support

Cons

  • Limited advanced analytics
  • May require additional modules for full functionality

6. Smart Software Ltd

Introduction

Smart Software Ltd offers a range of HR and payroll solutions designed to cater to the specific needs of businesses in Bangladesh.

Key Features

  • Payroll processing and tax management
  • Time and attendance tracking
  • Employee database management
  • Performance management
  • Compliance management

Pros

  • Customizable solutions
  • Strong customer support
  • Regular software updates

Cons

  • Higher cost for customization
  • Steeper learning curve for new users

7. Aplectrum Solutions Ltd

Introduction

Aplectrum Solutions Ltd provides an integrated HR and payroll software solution that aims to streamline HR processes and enhance organizational efficiency.

Key Features

  • Payroll automation
  • Attendance and leave management
  • Employee database
  • Performance management
  • Compliance tracking

Pros

  • User-friendly interface
  • Comprehensive payroll features
  • Affordable pricing

Cons

  • Basic reporting capabilities
  • Limited customization options

8. Zaan IT Limited

Introduction

Zaan IT Limited offers a robust HR and payroll software solution designed to meet the needs of businesses in Bangladesh.

Key Features

  • Payroll processing and tax calculations
  • Time and attendance tracking
  • Employee database management
  • Performance management
  • Compliance management

Pros

  • Comprehensive feature set
  • User-friendly interface
  • Reliable customer support

Cons

  • Limited integration with third-party applications
  • Higher upfront cost

9. Apploye

Introduction

Apploye provides a cloud-based HR and payroll software solution that aims to simplify HR processes and improve efficiency.

Key Features

  • Automated payroll processing
  • Employee attendance tracking
  • Performance appraisals
  • Employee self-service portal
  • Compliance management

Pros

  • Cloud-based access
  • Scalable for growing businesses
  • Regular updates and feature enhancements

Cons

  • Higher cost for premium features
  • Occasional technical support delays

10. Roopokar

Introduction

Wave Soft Ltd offers an integrated HR and payroll software solution tailored to the Bangladeshi market, focusing on delivering a seamless experience for HR professionals and employees alike.

Key Features

  • Recruitment and onboarding
  • Payroll and tax management
  • Time and attendance tracking
  • Performance management
  • Employee engagement tools

Pros

  • Comprehensive feature set
  • Strong focus on user experience
  • Excellent customer support

Cons

  • Limited integration with third-party applications
  • Higher upfront cost
 

Benefits of HR & Payroll Software in Bangladesh

1. Increased Efficiency

Automation and Streamlining: HR and payroll software automates routine tasks such as payroll processing, attendance tracking, and leave management. By eliminating manual processes, the software reduces the time and effort required to manage these tasks. This allows HR professionals to focus on more strategic initiatives, such as talent management, employee engagement, and organizational development.

Example: Instead of spending hours calculating payroll manually, HR personnel can rely on the software to perform these calculations accurately and in a fraction of the time. This increased efficiency not only saves time but also improves overall productivity within the HR department.

2. Improved Accuracy

Minimization of Human Errors: Manual HR processes are prone to human errors, which can lead to payroll discrepancies, inaccurate attendance records, and faulty data entry. HR and payroll software reduces these errors by automating calculations and data entry, ensuring that records are accurate and reliable.

Example: Automated payroll systems ensure that each employee receives the correct salary based on their hours worked, overtime, and deductions, eliminating errors that can occur with manual calculations. This accuracy builds trust among employees and reduces the need for time-consuming corrections.

3. Cost Savings

Reduction in Administrative Burden: By automating HR tasks, organizations can reduce the need for extensive administrative staff dedicated to managing payroll and other HR functions. This reduction in administrative workload translates into significant cost savings.

Minimization of Errors: Accurate payroll processing and data management reduce the financial losses associated with errors. This includes avoiding overpayments, underpayments, and penalties for non-compliance with labor laws.

Example: A company that transitions from manual payroll processing to an automated system can save costs related to overtime for payroll staff, printing and distributing payslips, and correcting payroll mistakes.

4. Enhanced Employee Experience

Self-Service Portals: HR and payroll software often includes self-service portals where employees can access their personal information, payslips, leave balances, and benefits information. This empowers employees to manage their own HR-related tasks without needing to contact HR staff.

Accurate Payroll Processing: Employees receive timely and accurate payments, which enhances their trust in the organization and satisfaction with their employment.

Efficient Leave Management: Automated leave management systems allow employees to apply for leave, track leave balances, and receive approvals more quickly, improving their overall experience.

Example: With self-service portals, employees can update their personal information, view their salary history, and request time off with ease. This autonomy increases employee satisfaction and reduces the administrative burden on HR staff.

5. Compliance and Risk Management

Adherence to Labor Laws: HR and payroll software helps ensure compliance with local labor laws and regulations by automatically applying the latest legal requirements to payroll processing and other HR activities. This reduces the risk of legal issues and penalties.

Risk Mitigation: By maintaining accurate records and providing tools for compliance reporting, the software helps organizations mitigate risks associated with non-compliance and disputes.

Example: The software can automatically update tax rates and labor law changes, ensuring that payroll calculations are always compliant with current regulations, reducing the risk of fines and legal action.

6. Data-Driven Decision Making

Advanced Analytics and Reporting: HR and payroll software provides advanced analytics and reporting tools that offer valuable insights into various HR metrics, such as employee turnover, attendance patterns, and compensation trends. These insights enable better decision-making and strategic planning.

Example: An HR manager can use the software’s analytics to identify trends in employee absenteeism and develop targeted strategies to improve attendance and productivity.

7. Scalability

Adaptability to Growth: HR software solutions are designed to scale with an organization’s growth. As a company expands and its workforce increases, the software can accommodate new employees, additional locations, and evolving HR requirements without compromising efficiency.

Example: A small business that grows into a large enterprise can continue to use the same HR software, gradually adding new features and capabilities as needed, ensuring seamless HR management throughout the growth process.

Why Businesses Should Use HR & Payroll Software in Bangladesh

1. Streamlined Operations

Automation of Routine Tasks: HR and payroll software automates various HR tasks, such as payroll processing, attendance tracking, and leave management, freeing up time for HR professionals to focus on strategic activities.

Example: With automated payroll processing, HR staff can allocate more time to developing employee engagement programs and talent management strategies, rather than getting bogged down in administrative tasks.

2. Enhanced Compliance

Ensuring Legal Adherence: The software helps ensure compliance with Bangladesh’s labor laws and regulations by automatically applying the latest legal requirements to HR processes, reducing the risk of non-compliance and associated penalties.

Example: By using HR software, a company can ensure that its payroll processes comply with local tax laws and labor regulations, avoiding costly fines and legal issues.

3. Improved Data Management

Centralized Data Storage: HR and payroll software provides centralized storage for all employee information, ensuring that data is accurate, up-to-date, and easily accessible.

Example: Centralized data management allows HR professionals to quickly access employee records for performance reviews, compliance reporting, and strategic planning.

4. Better Employee Engagement

Self-Service Features: Features such as self-service portals and performance management tools enhance employee engagement and satisfaction by empowering employees to manage their own HR-related tasks and receive regular feedback.

Example: Employees can use self-service portals to update their personal information, request leave, and view payslips, increasing their engagement and reducing their reliance on HR staff for routine tasks.

5. Cost Efficiency

Reduction in Administrative Costs: Automation reduces administrative costs by minimizing the need for extensive HR staff dedicated to manual tasks and reducing errors that can lead to financial losses.

Example: By automating payroll processing, a company can reduce the costs associated with manual payroll calculations, error corrections, and administrative overhead.

6. Scalability

Adaptability to Organizational Growth: HR software can scale with the organization, accommodating growth and changes in HR requirements without compromising efficiency.

Example: As a company expands and hires more employees, the HR software can easily scale to manage the increased workforce, ensuring seamless HR operations.

7. Competitive Advantage

Attracting and Retaining Talent: By improving HR efficiency and employee satisfaction, HR software can provide a competitive advantage in attracting and retaining top talent. Efficient HR processes and a positive employee experience can make an organization more appealing to prospective employees.

Example: A company that uses advanced HR software to manage its workforce can offer better employee experiences, such as timely payroll, efficient leave management, and regular performance feedback, making it more attractive to top talent.

Pricing of HR & Payroll Software in Bangladesh

The pricing of HR and payroll software in Bangladesh varies based on several factors, including the features offered, the size of the organization, and the level of customization required. Here are some general pricing trends:

1. Subscription-Based Pricing

Many HR software providers offer subscription-based pricing models, where organizations pay a monthly or annual fee based on the number of users or employees.

2. One-Time Licensing Fee

Some software solutions require a one-time licensing fee, with additional costs for updates and support.

3. Tiered Pricing

HR software providers often offer tiered pricing plans, with different levels of features and support. Organizations can choose a plan that best suits their needs and budget.

4. Customization Costs

Customizing the software to meet specific business requirements may incur additional costs. This can include integrating with other systems, adding new features, or modifying existing ones.

5. Implementation and Training Fees

Some providers charge additional fees for implementation and training services to ensure a smooth transition and effective use of the software.

Case Study: Successful Implementation of Accounting Software

Case Study 1: Enhanced Operations with GS HRM at BM Energy (BD) Limited

Company Background: BM Energy (BD) Limited is a prominent energy sector company in Bangladesh, employing a diverse team including a significant number of field sales personnel. The company faced challenges in managing attendance and operational efficiency across its sales team.

Challenges:

  • Attendance Management: Sales team members, who are often out in the field, struggled with the traditional clock-in process.
  • Operational Efficiency: Shift management and reporting were cumbersome, leading to inefficiencies and delays.
  • User Experience: The process of modifying and generating reports was time-consuming.

Solution: BM Energy (BD) Limited transitioned to GS HRM, leveraging its advanced features designed to address these specific challenges.

Results:

  • Mobile Attendance Feature: The implementation of GS HRM’s mobile attendance functionality greatly simplified the clock-in process for the sales team. Employees could easily log their attendance from any location using their mobile devices, improving accuracy and convenience.
  • Streamlined Shift Management: The shift control feature of GS HRM allowed for efficient management of employee shifts, ensuring that operations ran smoothly and any scheduling conflicts were swiftly resolved.
  • User-Friendly Interface: The intuitive design of GS HRM enabled HR staff to quickly modify and generate reports. This user-friendly interface significantly reduced the time and effort required to handle reporting tasks.

Testimonial: Tahmida Nur, HR & Admin at BM Energy (BD) Limited, remarked, “The transition has proven highly beneficial for us. The mobile attendance feature has simplified the clock-in process for our sales team, and the system’s easy shift controlling has streamlined our operations. The software’s user-friendly interface has made report modification a quick and straightforward process.

GS HRM successfully addressed BM Energy’s operational challenges, enhancing attendance management, streamlining shift scheduling, and simplifying report generation. The company’s HR processes became more efficient, contributing to improved overall productivity.

Case Study 2: Reliable Support and Seamless Operations with GS HRM at Nahar Agro Limited

Company Background: Nahar Agro Limited is a well-established agro-based company in Bangladesh, managing a substantial workforce across various functions. The company required a robust HR software solution that not only provided comprehensive features but also offered reliable support.

Challenges:

  • Support Needs: The company required dependable customer support to address any issues promptly and ensure smooth HR operations.
  • HR Process Efficiency: Efficient management of HR processes was crucial for maintaining operational continuity and addressing any system-related concerns swiftly.

Solution: Nahar Agro Limited adopted GS HRM, recognizing its strengths in both feature functionality and customer support.

Results:

  • Exceptional Service Support: One of the standout features for Nahar Agro Limited was the exceptional service support provided by GS HRM. The quick and responsive support team ensured that any issues were addressed promptly, minimizing disruptions and maintaining seamless HR operations.
  • Operational Continuity: With reliable support from GS HRM, the company experienced uninterrupted HR operations, enhancing overall efficiency and employee satisfaction.

Testimonial: Md. Sohel Rana, HR & Admin at Nahar Agro Limited, shared, “One of the standout features for us has been the exceptional service support from GS-HRM. The quick and responsive support we receive at any time is truly commendable. It’s reassuring to know that we can rely on GS-HRM to promptly address any issues, ensuring a seamless operation of our HR processes.”

Conclusion: GS HRM provided Nahar Agro Limited with not only a comprehensive HR solution but also outstanding customer support. The reliable assistance ensured smooth HR operations and contributed to the company’s overall efficiency and confidence in their HR management system.

Choosing the Right HR and Payroll Software for Your Business

Selecting the right HR and payroll software for your organization is a critical decision that can significantly impact your operational efficiency and employee satisfaction. Here’s a detailed guide on the factors you should consider:

1. Company Size and Needs

Understanding Your Workforce: The size of your workforce plays a crucial role in determining the appropriate HR and payroll software. Small businesses may require basic features, while larger organizations with complex HR structures may need more advanced functionalities.

Specific HR Challenges: Identify the unique HR challenges your organization faces. For instance, a company with high employee turnover may prioritize features like recruitment and onboarding, while a business with a large remote workforce may need robust time and attendance tracking.

Customized Solutions: Some HR software solutions offer customizable modules that can be tailored to your specific needs. This flexibility ensures that the software aligns with your business processes and goals.

2. Features and Functionality

Payroll Processing: Automated payroll processing is essential for timely and accurate salary disbursement. Look for software that handles tax calculations, deductions, and direct deposits efficiently.

Attendance Tracking: Accurate time and attendance tracking helps manage work hours, overtime, and leave. Ensure the software integrates with biometric devices or offers mobile app functionality for remote clock-ins.

Employee Self-Service: Self-service portals empower employees to manage their own data, view payslips, request leave, and access company policies. This reduces the administrative burden on HR staff and improves employee satisfaction.

Mobile App Integration: In today’s mobile-first world, having a mobile app for your HR software can enhance accessibility and convenience. Employees can clock in/out, request leave, and receive notifications on their mobile devices.

Performance Management: Effective performance management tools help in setting goals, conducting appraisals, and providing continuous feedback. This fosters a culture of improvement and engagement within the organization.

Recruitment and Onboarding: Streamlined recruitment and onboarding features help attract and integrate new talent efficiently. Automated job postings, applicant tracking, and onboarding checklists can save time and improve the candidate experience.

3. Budget

Cost-Effective Solutions: Evaluate your budget and choose a software solution that offers the best value for your investment. Consider the total cost of ownership, including subscription fees, implementation costs, and any additional charges for premium features.

Subscription vs. One-Time Fee: Decide whether a subscription-based model or a one-time licensing fee is more suitable for your financial planning. Subscription models often include updates and support, while one-time fees may have additional costs for these services.

ROI Consideration: Consider the return on investment (ROI) when choosing HR software. While initial costs may be high, the long-term benefits of increased efficiency, reduced errors, and improved employee satisfaction can justify the expense.

4. Scalability

Growth Adaptability: Ensure the HR software can scale with your organization as it grows. This includes accommodating an increasing number of employees, expanding to new locations, or integrating with additional business systems.

Modular Architecture: Software with a modular architecture allows you to add or remove features as needed, providing flexibility to adapt to changing business requirements without significant disruptions.

Future-Proofing: Choose a vendor that continually updates and improves their software to keep up with technological advancements and changing business needs. This ensures your investment remains valuable over time.

5. Security and Compliance

Data Security: HR and payroll software handle sensitive employee information, so robust data security measures are essential. Look for features like encryption, secure access controls, and regular security audits to protect against data breaches.

Compliance with Labor Laws: Ensure the software complies with Bangladeshi labor laws and regulations. This includes accurate payroll processing, proper tax calculations, and adherence to employment standards.

Data Privacy Regulations: Verify that the software adheres to local data privacy regulations, ensuring the protection of employee data and minimizing the risk of legal issues. This includes compliance with the Bangladesh Data Protection Act and other relevant regulations.

Audit Trails: An audit trail feature helps track changes made within the system, providing transparency and accountability. This is particularly important for compliance and internal audits.

Exploring Your Options:

Before making a decision, consider contacting these companies for demos and consultations. Explore features, pricing plans, and ensure  the software aligns with your specific business requirements and budget.

Investing in the Future:

Implementing HR and payroll software is an investment in the future of your business. By streamlining processes, improving data accuracy, and fostering employee engagement, you can  unlock a new level of efficiency and empower your workforce to achieve success.


Ready to streamline your HR management process ? Request a free demo! Explore GS hrm software today!



FAQs:

1. What is HR and Payroll Software?

HR and Payroll software is a technology solution that automates and streamlines various human resource and payroll processes, including employee data management, payroll calculations, attendance tracking, performance management, and compliance with labor laws. It helps organizations manage their workforce more efficiently and effectively.

2. Why should businesses in Bangladesh use HR and Payroll software?

Benefits of HR and Payroll software for businesses in Bangladesh include:

  • Increased efficiency through automation of HR tasks
  • Improved accuracy in payroll processing and attendance tracking
  • Enhanced compliance with local labor laws and regulations
  • Better data management and reporting capabilities
  • Higher employee satisfaction through self-service portals and streamlined processes

3. What are the key features to look for in HR and Payroll software?

Key features to consider include:

  • Automated payroll processing
  • Time and attendance tracking
  • Employee self-service portals
  • Performance management tools
  • Recruitment and onboarding features
  • Compliance management
  • Data analytics and reporting
  • Benefits administration
  • Scalability and customization options
  • Security and data privacy measures

4. How do I choose the right HR and Payroll software for my business?

Factors to consider when choosing HR and Payroll software:

  • Company size and specific HR needs
  • Required features and functionalities
  • Budget and cost-effectiveness
  • Scalability to accommodate business growth
  • Compliance with Bangladeshi labor laws and data privacy regulations
  • Quality of customer support and service

5. What are the top HR and Payroll software companies in Bangladesh?

Top 10 HR and Payroll software companies in Bangladesh:

  1. GS HRM
  2. PiHR
  3. Jibika Plexus
  4. LinesPay
  5. PeopleDesk
  6. Smart Software Ltd
  7. Aplectrum Solutions Ltd
  8. Zaan IT Limited
  9. Kormo Corporation
  10. Wave Soft Ltd

Each of these companies offers unique features and benefits tailored to different business needs.

6. What are the advantages of using GS HRM software?

Advantages of GS HRM software:

  • User-friendly interface for easy report modification
  • Mobile attendance feature for simplified clock-in processes
  • Efficient shift control for streamlined operations
  • Exceptional service support with quick and responsive assistance

7. How does HR and Payroll software improve compliance?

HR and Payroll software improves compliance by:

  • Automating compliance-related tasks
  • Maintaining accurate and up-to-date records
  • Ensuring adherence to local labor laws and regulations
  • Providing tools for easy compliance reporting

8. What are the pricing models for HR and Payroll software in Bangladesh?

Common pricing models include:

  • Subscription-based pricing (monthly or annual fees)
  • One-time licensing fee with additional costs for updates and support
  • Tiered pricing plans based on features and number of users
  • Customization costs for tailored solutions
  • Implementation and training fees

9. How can HR and Payroll software enhance employee engagement?

HR and Payroll software enhances employee engagement by:

  • Offering self-service portals for easy access to personal information and services
  • Providing tools for regular performance appraisals and continuous feedback
  • Ensuring accurate and timely payroll processing
  • Simplifying leave management and other HR processes

10. Can HR and Payroll software scale with my business?

Yes, most HR and Payroll software solutions are designed to scale with your business. They offer customizable features and flexible plans that can adapt to the changing needs of your organization as it grows.

11. What kind of customer support should I expect from HR and Payroll software providers?

Good HR and Payroll software providers offer:

  • Responsive and knowledgeable customer support
  • Various support channels (phone, email, chat)
  • Comprehensive training and onboarding assistance
  • Regular updates and maintenance services
  • Troubleshooting and problem-solving support

12. Are there any case studies available for HR and Payroll software in Bangladesh?

Yes, there are several case studies available that highlight the benefits and success stories of HR and Payroll software implementation in Bangladeshi companies. These case studies provide real-world examples of how different organizations have improved their HR processes and achieved better efficiency and compliance.

 

©  2024 GTR.