Uploaded on Oct 2, 2023
Why should you use employment hero as your payroll software even though you can do the same with Xero or QBO.
Why should I use Employment Hero when my business already uses Xero (or MYOB/QBO) that has a Payroll Module?
Why should I use
Employment Hero
when my business
already uses Xero (or
MYOB/QBO) that has a
Payroll Module?
When working with businesses that have more than 20
employees, or pay their employees based on an Award,
we will use Employment Hero. Employment Hero is a
cloud-based HR, payroll, and employee management
software that provides numerous benefits to
businesses. Here are some of the benefits of using
Employment Hero:
Simplifies HR tasks: Employment Hero automates and
streamlines HR tasks such as onboarding, employee
data management, and performance management,
which saves time and reduces errors.
Enhances employee engagement: Employment Hero
has features that allow businesses to communicate
with their employees effectively, recognize their
achievements, and provide them with the tools they
need to manage their careers.
Improves compliance: Employment Hero ensures that
businesses stay up to date with employment laws and
regulations, reducing the risk of costly legal issues.
Enables efficient payroll management: Employment
Hero has built-in payroll features that automate payroll
calculations, reducing errors and saving time.
Offers cost-effective pricing: Employment Hero offers
flexible pricing plans, which are based on the number
of active employees in each month which makes it an
affordable solution for businesses of all sizes.
Increases productivity: Employment Hero helps
businesses save time on administrative tasks, enabling
them to focus on core business activities and improving
overall productivity.
Overall, Employment Hero provides numerous benefits
that can help businesses save time and money, reduce
the risk of compliance issues, and improve employee
engagement and productivity.
A question that we are commonly asked by the
businesses that we work with is: “Why should I use
Employment Hero when my business already uses
Xero (or MYOB/QBO) that has a Payroll Module?”
Employment Hero, Xero, and QuickBooks are all cloud-
based software solutions that offer different
functionalities for businesses. While all three platforms
provide some level of HR, payroll, and accounting
features, here are some reasons why Employment Hero
may be better suited for businesses compared to Xero
or QuickBooks:
HR-focused: Employment Hero is specifically designed
for HR and employee management, which means it
offers more comprehensive HR features than Xero or
QuickBooks. Employment Hero includes features such
as onboarding, performance management, and
employee engagement tools, which can help businesses
improve employee satisfaction and retention.
Compliance-driven: Employment Hero places a
significant emphasis on compliance, ensuring
businesses stay up to date with employment laws and
regulations. One of our favourite features of
Employment Hero is that it has the Award Wage Pay
Tables built into the software and can interpret them
when processing timesheets. This is a manual process
within Xero and MYOB which means that it is time
consuming to process, and fraught with the risk of
paying employees incorrectly.
Payroll features: While all three platforms offer payroll
features, Employment Hero’s payroll features are more
comprehensive, including tools for employee self-
service, leave management, and superannuation. This
can help businesses save time on payroll processing and
reduce errors.
Pricing: Employment Hero offers flexible pricing plans
based on the number of employees within your pay
run, including a free plan for small businesses. While
Xero and QuickBooks also offer pricing plans,
Employment Hero’s pricing may be more affordable for
businesses with limited budgets.
Integrations: Employment Hero offers integrations with
other HR and payroll software solutions, such as Xero
and MYOB, which can help businesses streamline their
HR and payroll processes.
Overall, while Xero and QuickBooks offer powerful
accounting features, Employment Hero’s HR-specific
features and compliance focus make it a better option
for businesses looking for comprehensive HR, payroll,
and employee management tools. However, the choice
depends on the unique needs and priorities of each
business.
https://www.ikeep.com.au/
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