Payroll Dashboard is an employee remuneration reporting tool that displays different types of employee rewards in relation to the departments or divisions of an organization. This tool reports on employee remuneration in the form of a pay-sheet that counts pay, salary or wage of employees, including allowance, benefits, bonuses, cash incentives, and non-cash incentives.
Essentially, payroll dashboard is used by accountants, auditors, finance managers, and executives to calculate, monitor, and analyze the amount and performance of employee remuneration across company departments and divisions. It also allows using a range of performance measures that help ensure accuracy of employee pay-sheets. Some of the KPIS are as follows:
- Payments outside payroll
- Claims returned
- Pay-slip volume
- Tax rates and ratios
Along with calculating and monitoring employee remuneration, payroll dashboard allows accessing a company’s financial resources and making financial forecasts. These capabilities make the dashboard an advanced tool for financial planning and management.