Managing payroll is a critical yet complex task for businesses, especially in Myanmar, where compliance with local labor laws and regulations is essential. Traditionally, many companies have relied on Excel spreadsheets for payroll calculations. While Excel is a powerful tool, it often presents challenges such as manual data entry errors, time-consuming processes, and difficulties in managing compliance with ever-changing tax laws. These issues can lead to inaccuracies in employee compensation and potential legal complications.
Challenges of Using Excel for Payroll in
What is SSB?
The Social Security Board (SSB) in Myanmar provides social security programs for government employees, like civil servants and military personnel, and some workers in private sectors such as commerce, railways, ports, mines, and oilfields. Employees who registered and applied SSB cover their medical care, maternity and work injury in term of medical benefits and financial benefits.
Benefits for SSB Members
Provision of medical assistance in the event of illness.
Disbursement of financial aid during periods of income loss.
Authorization for hospital treatment in
Many young entrepreneurs in Sri Lanka are having trouble making a decent payslip. They need to be aware of how to make payslips under the government payroll system of Sri Lanka. Every employer must follow the labor acts and regulations to protect employee rights & run a successful business.
This guide will help them to create payslips on their own. Payroll Management processes are pretty complicated. Too many small & medium businesses have been wasting time and resources without knowing proper instructions. Sometimes it will become a tremendous headache to business owners and they
The budget for 2023 was successfully passed in Parliament of Sri Lanka on 14 November 2022 and made a tremendous impact on taxes. The Inland Revenue Department (IRD), Sri Lanka, has published a new personal income tax calculation rate, which is going to be effective from 01.01.2023. It means each employer who registered as a Sri Lankan business is required to deduct the new APIT rates immediately from the employee's gross salary for the Y/A 2022/2023.
Reliefs and Tax brackets completely differ from the new 2023 PIT and every employer must be concerned over the recent changes.
APIT -
Caroline San Kyi is a Business Development Director at Pucca Jewellery shop and SB Furniture. As a millennial, she saw many flaws and inconveniences in the manual HR processes and she wanted to switch to a digital HR system. So, she started looking for a Human Resource Management Software (HRMs).
While she was searching, one of her friends recommended Better HR cloud HRMS. So, she decided to start using it.
Caroline is managing 2 Pucca Jewellery shops and 1 SB Furniture shop with over 70 employees running day-to-day operations. In this article, she will share her 2 years experience of
Yathar is one of the top food service companies in Myanmar and they have been using Better HR since 2019. Khin Myint Myint Khine, the HR manager of Yathar, shares her experiences about using Better HR.
Before using Better HR, Yathar was using an HR software from Japan and one of the biggest problems with it was the holiday calendar. The Japanese HR software uses the Japanese holiday calendar and is not customizable. Khin Myint said "I had to put all of holidays and off-days manually. It was very frustrating.". So she started looking for a local HR software to help with these problems.
Swe Zin Aung San is an HR Manager from Rabbiz Co.,Ltd, the parent company of CarsDB. As one of the largest online car classifieds site in Myanmar, CarsDB has been using Better HR for over a year now. As the company grows, the management team wanted to know the HR data up-to-date. So Swe Zin started searching an HR softwares, and she found Better HR on Facebook.
She said "I was searching for HR softwares on Facebook and I was really interested in Better HR. Coincidentally, the founder also knows Better HR and recommends I use it. So I decided to start using it."
CarsDB is now using
Better HR Software is one of the finest tools which can manage your overall organization’s HR & Administration activities in one window. Usually HR Managers are the pillar to maintain the stability of the internal environment. To achieve that, HR managers might need modern tools and techniques. Better HR helps organizations to do easy attendance management, payroll calculations, leave management, asset management, employee profile, data, & document management, learning center etc…
HR has to do many important activities to do to ensure employee retention and build a strong
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