Salary on hold means that the payment of salaries to an employee has been suspended for certain valid reasons. The exception to this is usually a response to some administrative or policy-related problem.
Here is how Bharat Payroll’s Hold Salary Report make this process easier for companies:
It is important to know how and why salaries are paused so that relevant policies could be formed with concern to the same in an effective manner. Few familiar scenarios are —
With Bharat Payroll Services, any company can promptly tackle these challenges.
With a clear salary on hold policy, employer and organisation are protected in turn. Bharat Payroll Services offers tools to bring your HR processes in line with best practices:
As in any business, commitment to transparency, efficiency and fairness helps develop employee confidence in the management. Employers are often faced with sensitive matters with respect to employee compensation – it is critical that these are handled with transparency, equity and policy compliance.
Provide clear documentation and conduct regular training sessions to ensure employees are well informed regarding the organization’s salary hold policy.
Update employee data, attendance records and compliance documents in a timely manner to avoid unwarranted salary withholding.
Employ the Hold Salary Report offered by Bharat Payroll Services to identify and rectify reasons for held salary efficiently.
Look into the issues behind the salary lock, such as unfulfilled documentation, performance level or mistakes from the bank.
A step ahead approach with payroll management can decrease the chances of frozen salaries. Here are some solutions by Bharat Payroll Services that help in simplifying operations: