HeyAll!! M doing a project in payrolling& compensation mannagement....can u plz help me abt what all aread to focus & what all 2 include in my report ....
From India, Pune
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2From India, Pune
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You can include for compensations PF, ESIC, Gratuity, Any insurance policy by the company, extra working hours, traveling
From India, Mumbai
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From India, Mumbai
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Dear Anjali,
"Payroll and compensation" refers to the administration of employees' salaries, wages, bonuses, net pay, and deductions.
It consists of employee ID, employee name, date of joining, daily attendance record, basic salary, allowances, overtime pay, bonus, commissions, incentives, pay for holidays, vacations, sickness, value of meals, and lodging, etc. There are some deductions such as PF, taxes, loans, installments, or advances taken by employees.
"Payroll and compensation" is administered on a monthly basis and an annual basis.
Payroll on a monthly basis.
While administering the monthly payroll, basic salary, HRA, conveyance, and other special allowances such as mobile, etc., are considered. There are some deductions like PF, LOANS/ADVANCES.
Payroll on an Annual Basis.
Annual payroll consists of leave travel allowances, incentives, annual bonuses, and reimbursements.
So you can prepare your project on BREAKUP OF EMPLOYEES AT VARIOUS LEVELS. For example, you can prepare ONE BREAKUP FOR JUNIOR LEVEL, 2-3 DIFFERENT BREAKUPS FOR MIDDLE LEVEL, AND SENIOR LEVELS.
From India, Gurgaon
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"Payroll and compensation" refers to the administration of employees' salaries, wages, bonuses, net pay, and deductions.
It consists of employee ID, employee name, date of joining, daily attendance record, basic salary, allowances, overtime pay, bonus, commissions, incentives, pay for holidays, vacations, sickness, value of meals, and lodging, etc. There are some deductions such as PF, taxes, loans, installments, or advances taken by employees.
"Payroll and compensation" is administered on a monthly basis and an annual basis.
Payroll on a monthly basis.
While administering the monthly payroll, basic salary, HRA, conveyance, and other special allowances such as mobile, etc., are considered. There are some deductions like PF, LOANS/ADVANCES.
Payroll on an Annual Basis.
Annual payroll consists of leave travel allowances, incentives, annual bonuses, and reimbursements.
So you can prepare your project on BREAKUP OF EMPLOYEES AT VARIOUS LEVELS. For example, you can prepare ONE BREAKUP FOR JUNIOR LEVEL, 2-3 DIFFERENT BREAKUPS FOR MIDDLE LEVEL, AND SENIOR LEVELS.
From India, Gurgaon
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Hi Katyana,
Regarding the project on compensation, I have conducted a few studies in which I included the topic overview, different benefit schemes, bonuses, and incentives. Now, I have to proceed with my research work on it. Please guide me on this.
With regards,
Priyanka
Email: priyanka727@rediffmail.com
From India, Delhi
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Regarding the project on compensation, I have conducted a few studies in which I included the topic overview, different benefit schemes, bonuses, and incentives. Now, I have to proceed with my research work on it. Please guide me on this.
With regards,
Priyanka
Email: priyanka727@rediffmail.com
From India, Delhi
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Employee Benefits.doc