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Deriving Compensation Through Computerized Payroll

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Deriving Compensation Through Computerized Payroll

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  1. Deriving Compensation Through Computerized Payroll performs lot of number crunching to arrive at salary payable Presented by:Willow pay

  2. Calculating Numbers Computerized payroll processing calculates wages due for each employee in the organization on a timely manner 

  3. Measures Affecting Factors Factors such as employee designation,total years of service, role performed are considered for defining a salary grade  Merges the leave system for periodical salary adjustments 

  4. Calculating Taxes & Deductions Depending on the governmental and organizational norms,tax calculation is carried out periodically for all the employees  It also reduces provident fund,professional tax payable, retention deduction among others 

  5. Generating Payslip & Reports Prepares separate payslip for each employees after deduction of taxes  Generates consolidated salary report for the organization 

  6. Stores Historical Data Payroll processing also stores all the historical information for future tracking and reference 

  7. Final Settlement For Leavers Computerized payroll system also calculates full and final settlement including provident fund,gratuity and other transfers for the leaving employees 

  8. Computerized payroll system calculates accurate salary payable to every employee in the organization  Exact compensation calculation reduces the attrition rate  Establishes trust among employees to contribute cent percent output and continue to stay loyal to the organization 

  9. -: Contact us :- Willow Pay Ltd Unit G Kingsway Business Park Oldfield Road Hampton Middlesex TW12 2HD 020 8941 6464 info@willowpay.co.uk http://www.willowpay.co.uk

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