A business can get the best hands at work when it has a fool-proof way of remunerating the employees. This flawless remuneration calculation becomes possible to achieve with a payroll software. The payroll calculation software helps the HR executives perform these functions accurately:

1. Attendance management: All attendance recording systems can be included in the software. The people working at various levels of hierarchy and at various locations can report to their jobs by simply logging on to the self-service portal provided in the software. Late attendance and extra hours done at the job need unbiased recording. It becomes possible to do in an error-free manner.
2. Salary and bonus computation: HR management department needs to send records to accounts department for salary computation. Both departments can work in a cooperative and coordinated manner to make a timely disbursement of salary possible. HR also needs to access performance records from the supervisors to find if their team members are eligible for incentives, bonuses, etc. The flow of information becomes smooth and flawless when the payroll management software is employed for the purpose.
3. Training management: Talent retention becomes easier when the organization can capture the details of untrained employees. Performance records tell a great deal about the training needs of any employee. Attendance records help in knowing any issues employees are facing or to reward them for sincerity and hard work. 
4. Performance appraisal: With an effective tool like performance management software, which is an integral part of payroll management software, the HR department can pick the employees for promotions and increments. The employee performance records tell all about the efficiency or training needs as applicable.

Employees can perform better when they know what they are working for. Payroll management software enables tabulating goals, achievements, training needs, etc., and eventually improve the employee performance.