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Payroll Processing
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| i) |
Creation and Maintenance of database that will capture masters, rules, policies, wage structures & complete employee footprint |
| ii) |
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Monthly Processing that may include:
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a) Processing of time office data
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b) Updating of masters and employee footprint
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c) Incorporating any wage structure changes
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d) Reimbursement of expenses in the nature of cash/vouchers
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e) Incorporating any internal as well as external regulatory changes.
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f) Ad hoc payments like bonus, performance linked incentives etc.
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g) Exemptions under LTA, medical allowances, conveyance etc.
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Automatic arrears computation for cases such as
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a) Delayed Wage Revisions
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b) Retrospective Adjustments
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All Statutory Requirement Compliances |
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Prioritized recoveries and deductions sequences for
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a) Company Loans
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b) External Loans like Housing Loans
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c) Refundable Loans
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d) Contribution to Voluntary Funds
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| vi) |
Pay Roll Outputs |
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MIS Reports like
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a) Grade wise, Department wise Employee Cost Reports
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b) Employee wise Department wise Overtime Cost Reports
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c) Company Loan Reports
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d) Consolidated Salary Summary
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e) Dynamic on-line Reporting module for generating customized reports
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