Compensation/Payroll > Payroll Budgeting/ Planning

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 Payroll 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.