We live in a time where manpower cost is on the rise, gone are the days when you can pay a few hundred dollars for an employee to work for you for the rest of his life. They will have the choice to jump jobs based a few dollars’ worth of rise and the world being more global meant that they are not even bounded to the location that they are born and able to go overseas to find more opportunities.
With the increasing manpower cost, the shift over to software and productivity machinery has helped nations to grow at breakneck speeds and also to continue on the push to improve its GDP and growth that will eventually lead to better life for their own country’s residents.
Singapore has been pushing for productivity growth to make a change in its economy from being a manpower driven economy to one that will be run by high technology and also by high productivity processes that can help the GDP to grow even with the current number of local and foreign workers
Software such as Knowledge-Pro is one of those that we can use to take advantage of grants given by the government to grow one’s efficiency. Instead of entering your employee details every time you have to make government submission and also when you need to generate your pay slips. You can take advantage of the software to generate the documents that you need and make the calculation process a lot easier.
Together placed with high end computer systems, reports can be generated within a matter of seconds that can be used by management to make decisions that could help to improve the operations of the company and leading to higher corporate productivity that would mean better business for the company as well.
Payroll services can also be done at a faster pace through the use of such systems and not only the host company will gain the productivity gains, the payroll services firm could also improve in productivity.