seventh sense

7/29/2019 seventh sense

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A brief Overview By:

M.D.Praveen

B.Dileep

B.Mohan

Sunkanna


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INTRODUCTIONTOCOMPENSATION

Remuneration Received by an Employee Organized practice that involves balancing thework-employee relation

Integral Part of Human Resource Management

TYPESOF COMPENSATION

Direct Compensation Indirect Compensation


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NEEDOF COMPENSATION

Employee Motivation Increased Productivity

Effective Organization Operations

Employee Retention Attract and Sustaining the BestTalent.

Enhancement of Job Evaluation Creation of Healthy Competition

Business Growth and Expansion Possibilities


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COMPENSATION COMPONENT

Job Analysis, Pay Structures & Salary Surveys


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DIRECT COMPENSATION Direct compensation refers to monetary benefits offered

and provided to employees in return of the services they

provide to the organization. They are given at a regular interval at a definite time.


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INDIRECT COMPENSATION

Indirect compensation refers to non-monetary benefits

offered and provided to employees in lieu of the servicesprovided by them to the organization.


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WHATIS PAYROLL?

Payroll is the total amount of money paid by anOrganization (Business) to its employees over a setamount of time.

Payrollis the sum of all financial records of salaries,

wages, bonuses and deductions. The administration of employees' salaries, wages,

bonuses, net pay, and deductions.

Payroll is administered on the monthly basis and annualbasis.


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PAYROLL CONSTITUENTS

Employee ID, Employee Name (Employee Details)

Date of joining, Daily Attendance record (AttendanceDetails)

Basic salary, Allowances, Overtime pay, Bonus,

Commissions, Incentives, Pay for holidays, Vacations andSickness, Value of meals and Lodging etc.

There are some deductions such as PF, Taxes, Loaninstallments or Advances taken by employee.


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PAYROLL MANAGEMENT PROCESS

Payroll Management provides quality payroll processingand personnel services at competitive and affordablerates.

Payroll Processing Methods:

Manual System

Accountant

Payroll Software

Payroll Outsourcing


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PAYROLL MANAGEMENT SYSTEM

o Payroll Management generally includes activities in twomajor areas: Payroll Accounting and Payroll

Administration.

o Payroll Accounting consists of: 1) Calculating theearnings of employees and the related withholding for

taxes and other deductions, 2) Recording the results ofpayroll activities, and 3) Preparing required tax returns.

Payroll Administration deals with the managerial aspectsof maintaining a payroll, many of which are distinct fromthe accounting aspect of payroll. Payroll administration

includes: 1) Managing employee personnel and payrollinformation, 2)Compliance with State and localemployment laws (Form-16)


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MAJOR MODULESOF PAYROLL SYSTEM

Employee Personal Information System

Leave & Time Management System

Payroll Processing System

Salary

Accounts Management System HRMS (Human Resources Administration)

Income Tax Management (TDS)

MIS Reporting (Management Information Reports)


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PIS will allow capturing following details:

1) Personal Profile ( incl. Family Information)

2) Bank Details

3) Education Details

4) Skills Set Details

5) Official Profile

AMS will allow following details:

1) Leave Categorizations

2) Periodic Details

3) Reason Details

4) Approval Details

The Details are associated and linked with the relevantmodules and thus salary is generated in accordancewith the attendance.


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Payroll and S-AMS will allow following details:

1) Salary Head Details (Type and Percentage)

2)

Salary Formulations3) Professional Tax Slabs

4) Salary Structures (may vary)

5) Pay Slip Information

HRMS will allow following details:

1) Bonus, Perks Details

2) Final Settlement

3) Leave Status and Updating

4) Allowance Applications

5) Confirmation and Notification Details

6) Information Relay


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Income Tax (TDS) will allow following details:

1) Forms and Challans Info

2) Financial Year Investment Details

3) Tax Calculation

MIS will provide following details:

1) Payroll Sheet Generation

2) Pay Slip Generation

3) Monthly Overtime Reports

4) Employee Registration Details

5) Flexible Reporting


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PROPOSED TECHNICAL ARCHITECTURE

Three Tiered Architecture1) Presentation Layer

2) Application Logic (Business Logic)

3) Database Components

Desktop Clients

Middle Tier

Server

Data &

Resources

Presentation

Application Logic

Data Layer


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SOFTWARE PACKAGES TOBE USED

ASP.NET Framework (C#) - Server Side Scripting

HTML and Javascript Client Side Intelligence,Validations, Events Driven Logic

SQL Server Business Logic, Advanced Queuing, DataProfiling, Server Managed Backup and Recovery,

Triggers, Stored Procedures, Common Table Executions,CLR Integration, Users/Roles Management and

Authentication

RAD Tools Ajax Implementations, Enhanced GUI

VSS (Visual Source-Safe) Maintaining Check-Out and

Check In operations, Parallel Code Manipulations Crystal Reports Generic Reports Representation,

Framework Integration


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FLOW DIAGRAM


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CERTAIN COURS

Hopefully you get what you pay for, because you always payfor what you get

Definition of a competitive salary: We remain competitive bypaying less than our competitors

Thank U!

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seventh sense