Banking on the TMB Payroll Plus digital solution

TMB on Monday launched TMB Payroll Plus, a new all-in-one digital employee-engagement solution as a simple and easy business and human-resources management tool to help corporate clients achieve cost effectiveness and enhance staff engagement.
Rachakorn Chayapirad, head of TMB Commercial Digital Innovation, said TMB Payroll Plus represented its latest offering to reaffirm this value proposition. 
The solution consists of three key features, with its main Payroll Function helping clients effectively manage employees’ payroll for salaries, allowances or wages with an unlimited number of transactions via the TMB Business CLICK online corporate banking system. 
Significantly, the banking barrier for employees has been eliminated as they can use their existing bank accounts to receive their salary without having to open a new account with TMB, Rachakorn said. 
Secondly, TMB Payroll Plus helps enhance employee engagement as it comes with a free special insurance package for employees. 
The package provides both outpatient and inpatient coverage, personal accident and life insurance. 
The third benefit of TMB Payroll Plus is that the solution offers more than just a human-resources management function, he said. 
It also facilitates automatic compensation calculation and payroll management such as in and out clocking, real-time leave request, automatic tax-form downloadability, and online payroll slip via mobile application. 
It can also serve as an instant communication channel for the user organisation. 
All of these features have been designed to enhance employee engagement, Rachakorn added.
Employee engagement and management are jointly considered as a critical factor that helps companies grow sustainably. 
Having a good employee engagement can reduce the rate of resignation by up to 32 per cent, he said.