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Payroll
Budgeting / Planning
This module caters to all the requirements and
functions related to Payroll Budgeting and Planning Exercise. All compensation
elements whether cash or non-cash are handled in this module.
This module is completely integrated with other
modules of Harmony suite. Once it is integrated with Salary module it
automatically takes current head count and their payment data and projects
the budget requirements for the next year considering the planned head
count.
In this module user can define different employee categories. The system requires a one-time setup to incorporate the existing payments and provisions when you start using the module. After that only new payments and provisions are required to be entered.
System has the capability to calculate the exact
financial requirement keeping in mind the current head count and its cost,
future plans to induct people and expected salary rise that company intends
to incorporate.
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