New to Payroll System Review for MBA Project: Seeking Your Guidance and Suggestions

Dear friends,

I am new to this community forum. Currently, I am working on my MBA project titled "Payroll System Review" in the Finance department. However, I have no idea about how I should proceed. So, kindly friends, please help me by giving your valuable suggestions.

Thank you.

Actually, the company where I am doing my project wanted me to focus only on the topic of "Payroll system review" in the finance department.

Hi there,

First of all, try to determine what type of system they are using. Are they using computerized or manual entries? If they are using computerized systems, find out what software they are utilizing. Also, establish the maximum lateness duration allowed, both for being above half an hour and below half an hour.

Consider scenarios such as what happens if an employee takes leave without providing proper information. Additionally, understand how to calculate PF, DA, Conveyance, and other allowances, as well as how to make deductions.

By addressing these points, you will find the necessary guidance to assist you in your queries.

Joey

Hi Lazarus,

Thank you very much for your valuable suggestions. But how about "Manpower costs"? How to make an analysis of "Manpower costs" in the financial aspect?