Data Enrichment

NLC Workplace

Data enrichment is the process of enhancing and supplementing existing payroll data with additional information to improve its accuracy, completeness, and usefulness. This can involve incorporating external data sources or validating and updating existing data within the organization.

Enriching data aims to provide a more comprehensive and reliable foundation for payroll processing and reporting. It is crucial for minimizing errors and improving compliance.

Regularly reviewing and updating payroll data ensures that your organization has an accurate representation of your workforce, which is essential for payroll processing.

NLC Workplace

Key Benefits of Data Enrichment

Validation and Verification:
Confirming the accuracy of existing employee data.

Tax Information Enhancement:
Adding tax-related details, including the latest tax codes and allowances.

Employee Classification and Attributes:
Enriching data by updating employee profiles with current designations and responsibilities.

Allowance and Deduction Information:
Ensuring that allowance and deduction information is up-to-date and aligned with the latest policies.

Historical Data Enhancement:
Enriching historical payroll data to maintain an accurate record of changes over time.

Banking and Payment Details:
Verifying and updating banking information to ensure accurate and timely payroll processing.

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