It a complete integrated system for supporting the planning and control of personnel activities. The Human Resources Management system consists of many components, which are capable of working together.
NSD Human Resources / PAYROLL Sub-module:
It covers all essential payroll functions including earnings and deductions processing, preparation of remuneration statements, bank transfers and follow up activities such as transfer of information to Financials.
The Payroll is based on an international payroll driver. This payroll driver was modified for each country. The country-specific payroll drivers take the statutory and administrative regulations of a country into account. Bear in mind, that the payroll sub - module is very country specific, that is, certain procedures should be taken to meet the particular requirements of your enterprise.
Basically, you can use this component to calculate the remuneration for work done for each employee.
However, Payroll does not just involve the calculation of remuneration, but consists of a variety of processes that are becoming increasingly important due to the employer's increased obligation to supply benefits and medical welfare. These benefits are products of: Labor law - Tax law - Benefits law - Civil law ...etc.