|NSD Human Resources Module / Payroll (PY)|
Is 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:
Payroll can be integrated in Personnel Administration, Time Management, Incentive Wages and Accounting:
The System calculates the gross and net pay, which comprises the individual payments and deductions that are calculated during a payroll period, and are received by an employee. These payments and deductions are included in the calculation of the remuneration using different wage types. After the remuneration payroll you can carry out various subsequent activities, for example, you can see to remuneration payment or the creation of various lists, and make evaluations.
After the payroll run, you can transfer the payroll results to Financial Accounting, or perform evaluations and create lists and statistics.
The payroll program is run at a specific point in time, not only to calculate an employee’s basic remuneration but also any special payments, overtime payments or bonuses that must be effected for the period in question.