How to Maintain Confidentiality of Payroll Information in Business?

Your employees give you the most personal and important information, like their bank account number, PAN number, AADHAR number, and other information. If you can’t keep this information safe and secure, which is a critical task in a world that’s barraged with electronic information like that, then your company is going to lose quite a lot of talented employees. 

If you think with all the cybersecurity in place, that your employee information is safe and impenetrable, then think again. In a world where identity theft and cybercrimes are at an all-time high, and probably the norm, you have a lot to lose than just talented employees; you have their trust and your image to lose. 

How do you ensure that your company’s employee information is in safe hands? You either follow safety norms now and then, or you outsource to a credible data handler.

Either way, you have to ensure from your end that you have chosen the right methods because security starts with you. Nevertheless, we’ll help you establish some basic principles of electronic data safety to get you started on the right foot. 

Awareness campaigns

Electronic data safety is a big thing, and once you know the laws pertaining to it, you are obliged to make your staff aware as well. You need to conduct internal training, as well campaigns to keep your staff tuned in with a data safety attitude. 

Trustworthy staff

Your staff needs to be trustworthy. Are you sure that your HRMS(Human resource management system) is not leaking information? Are you sure there are no moles in the organization? Is your data security structure free of loopholes?

You should be very careful with who you impress upon the responsibility of data protection.

Additional Layer of security

Any department that deals with information can lead to a disaster even if a small mistake occurs. It’s advisable to have an additional layer of security for any information that’s being handled. For example, always double-check the methods of digital information disposal.

Learn about state cybersecurity laws & measures

You can never be better than knowing state cybersecurity laws. Keep your staff updated on cybersecurity laws, and it’s better to always run an email circular containing all the information that your staff needs to know. You can never be too sure of how well your employees’ vital info is being stored.

Hire an expert team

A credible team of experts can always take the load off your internal team and help you stay streamlined. Look at the bright side, you have more free-minded human resources, you have saved money, and you have security experts to take care of your data. 

In conclusion

Payroll management is not a small task, and data protection catering to payroll confidentiality is even more crucial. Keep your staff on track with cyber laws, keep them trained, run campaigns, and always know that no amount of security is enough for vital information. 

Leave a Reply

Your email address will not be published. Required fields are marked *

Have Questions?


How does Outsourced Accounting work with Finsmart Solutions?

With new technology, working as your virtual/outsourced accountant/partner has become simple. You can opt for any of the following delivery models: Remote, Visit Based Or Dedicated Resource and we would be able to customize the solution accordingly. Our team is well trained to work on the accounting software of your preference ensure deliveries are met as per the set date plans.

What time zone you work in?

We have the flexibility to work in any time zone as preferred by the client, be it real-time, overlapping time or offshore time.

What is your cancellation policy? What if I prepaid for the year?

We want you to work with Finsmart Solutions because you’re happy with the service, not because you signed a contract. You can cancel anytime with one month notice period

Can I speak to someone who has or is working with you?

Yes of course! We want you to be sure that you are making right decision by choosing us and hence we would be glad to share our references with whom we are working with.
However this can be done post our initial discussions about your service requirements and our proposed service offering.

Let us do your books so you can run your business.

Contact us today to learn more

    Finsmart SolutionsHQ
    Electronica Finsmart Solutions Pvt. Ltd.
    1, Mandakini, S.No. 64/24,
    Income Tax Office Lane, Erandwane,
    Pune, Maharashtra -411004 INDIA.
    Get in touchFinsmart Solutions Social links
    Taking seamless key performance indicators offline to maximise the long tail.

    Copyright by Finsmart Solutions. All rights reserved.

    Website Design and Developed by KP Infotech

    Copyright by Finsmart Solutions. All rights reserved.

    Designed and Developed By —–