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Payroll

Payroll Module involves various functional units of organizations such as Personal Division, Financial Division, Accounting Division and Strategic Planning Division. One of the major source of cash out-flow in organization is employees’ payroll so organizations need to analyze whether every unit of money it has invested for employees have increased “Return on Investment (ROI)” or not. Traditionally Payroll used to be handled by Finance and/or Accounting Division but today the job lies more on Human Resource Division. The module, integrating with other modules, gives sufficient information to these divisions for the collaboration on pay and performance improvement.

 
Dynamic setup for new pay component : Pay components of various nature (flat payment, slab based payment, percentage based payment) can be set by user themselves. It also helps the user to define calculation formula of a pay component.
 
Policy wise component mapping : Once the component is defined with its own calculation logic, it is mapped with employees based on payroll policy of the company.
 
Employee Loan and Advances : Captures various loans (housing loan, vehicle loan etc) provided to employee and advances taken by the employees, withdrawal detail and the repayment detail of the loan.
 
Employee Insurances : Captures employee insurance information and monthly premium is deducted from salary and taken in the tax exemption criteria as per the income tax policy of the government.
 
Arrear Calculation (Back dated adjustment) : Arrear Calculation (Back date adjustment) is one of the headaches of different divisions (Personal Division, Account Divisions etc) as a lot of factors have to be considered while doing this calculation. Therefore this is prone to calculation error. The Payroll module automates this backdated calculation.
 
Income Tax calculation : Depending on the fact that tax policy keeps on changing every year, Endeavor™ HR has been developed in such a way it could incorporate any changes in tax policy thereby automatically generating the employee tax without any burden at HR administration and accounting division.
 
Payroll Generation : The payroll generation cycle can be user defined (e.g. hourly, weekly, bi weekly, monthly etc) so as per the cycle defined for each employee it can be generated.
 
 
 
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Contact Info
WorldLink Technologies P. Ltd.
Opp. Namaste SuperMarket, Pulchowk
Lalitpur-5, Bagmati
Nepal

GPO Box: 4395
Fax: +977-1-5551721
Tel.: +977-1-5551691
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