dear all member, i cannot thing what are the point we have learn about payroll....can any give me sample... Rgds, Rose
From Malaysia, Klang
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From Malaysia, Klang
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Hi Rose, can you tell me what exatly you require so that I can help you out. Regards Gaurav Vedak 9821880012
From India, Bangalore
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5From India, Bangalore
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Which department do you serve ? Payroll process involves communication between various departments. Depending on this , your question can be answered appropriately..
From India, Delhi
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From India, Delhi
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thank for you help.. i have involve in payroll system .........my boss want me to give 10 point about what i’m learning about payroll system especially about pay timer system.
From Malaysia, Klang
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From Malaysia, Klang
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Thank you, Mr. Nihar. How about this:
1. Improving payroll processing efficiency drives down operational costs.
2. Providing systematic tracking of employee inquiries and cases.
3. Ensuring systems are set up and updated to reflect our current employee base, including wages, benefits, sick leave, and other leaves.
4. Ensuring the processing of new hires and transfers is accurate and timely.
From Malaysia, Klang
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1. Improving payroll processing efficiency drives down operational costs.
2. Providing systematic tracking of employee inquiries and cases.
3. Ensuring systems are set up and updated to reflect our current employee base, including wages, benefits, sick leave, and other leaves.
4. Ensuring the processing of new hires and transfers is accurate and timely.
From Malaysia, Klang
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Hi every body, The complete payroll system is based on the organisation norms and regulation but most of the organization will Basic pay HRA ESI PF Other dedutions Overtime etc
From India, Madras
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From India, Madras
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By payroll timer, I presume you mean payroll activity timer, also known as a dashboard. This enlists the activities performed as part of the payroll process, e.g., receiving payroll inputs, preparing a report, advising/mailing to some other relevant department, etc., for the entire payroll cycle (typically spanning a month). It also enlists the start date, end date, and volumes for each activity for audit/tracking purposes. Finally, optionally, it may specify the activity owner (i.e., who performs that activity). Optionally, you could also create a Gantt chart representing the process timelines.
I have attached a sample for your reference (activity names masked). Hope it helps.
Regards,
Joshua.
From India, Delhi
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I have attached a sample for your reference (activity names masked). Hope it helps.
Regards,
Joshua.
From India, Delhi
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Yes, Rose,
I agree with your points. I would like to add that various software options are now available for the payroll system. You can try Adrenalin or Payman, etc., based on your requirements.
Regards,
From India, Indore
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I agree with your points. I would like to add that various software options are now available for the payroll system. You can try Adrenalin or Payman, etc., based on your requirements.
Regards,
From India, Indore
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SAP is still better. We have implementedin our organisation, but it is for bigger ones. For smaller ones, others will do well as they are efficient, but cost effective . regards,
From India, Indore
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From India, Indore
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Key Points to Learn in Payroll
You have to learn the following points:
1. CTC structure
2. FBP (Reimbursement calculation)
3. Full and Final Settlements
4. Salary revision
5. Please read company CKM
6. LOP
7. Leave calculation, LOPR, earnings, and deduction calculation, etc.
Regards,
Manju
From Bangalore
From India, Bangalore
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You have to learn the following points:
1. CTC structure
2. FBP (Reimbursement calculation)
3. Full and Final Settlements
4. Salary revision
5. Please read company CKM
6. LOP
7. Leave calculation, LOPR, earnings, and deduction calculation, etc.
Regards,
Manju
From Bangalore
From India, Bangalore
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If you are an employee of an MNC company and in charge of payroll, first, please check. I am sure they will have HR policies and payroll software/package. If yes, you should study them as they will prefer to adopt the same here. If you wish to know the details for knowledge's sake, then take note of these:
Study HR Policy
You should study the HR policy, especially the number of employees, salary structure individually, components of salary, and nature of deductions. Also, you should conduct a system study in order to finalize what should be the hardware, operating system, platform, and programming language, and have them documented properly with the help of software consultants.
Organize Time Office
Once the above are finalized, you have to organize the time office, linking its systems and attendance records. Have a test run and check all parameters to ensure they are working fine for accuracy. These tasks are to be handled by professionals and experienced individuals.
From India, Bangalore
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Study HR Policy
You should study the HR policy, especially the number of employees, salary structure individually, components of salary, and nature of deductions. Also, you should conduct a system study in order to finalize what should be the hardware, operating system, platform, and programming language, and have them documented properly with the help of software consultants.
Organize Time Office
Once the above are finalized, you have to organize the time office, linking its systems and attendance records. Have a test run and check all parameters to ensure they are working fine for accuracy. These tasks are to be handled by professionals and experienced individuals.
From India, Bangalore
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Payroll Management System .pdf
Payroll.xls