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Published byMagnus Rodgers Modified over 9 years ago
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Payroll Name : Munwar Ali Bhangwar Class : BS(PA) Part-2 Morning Regular Roll No: 2K11/PA/71 Sub : HRM Assigned By “Sir Abdul Jabber Keerio “Department of Public Administration” “University Of Sindh”
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Payroll “The sum of all the financial records of employees salaries (wages, bonuses & deductions etc). “There are three types of payroll payments” (1)Monthly salary. (2)Working hours. (3)Number of item produced.
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Types of Payroll “There are three types of Payroll System” (1) Manual Payroll System. (2) In-house Computerized Payroll Sys. (3) Out sourced Payroll System.
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(1)Manual Payroll System: Pay made by hand (increasing errors). Standard time Sheet, Wage & tax calculations by calculators/hand write type writer. Hard Copy save storage box. (2)In-House computerized payroll System: Payroll software(Z-pay & Quick books) Calculates wages & deductions based on inputted data.
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(3) Out Sourced Payroll System: Direct online deposit, payment live checks. Its helps in reaching online Payroll data.
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The Functions of Payroll Specialist: The primary function of payroll specialist is to process employees time & attendance data from companies time system.He issue the paychecks to employees. He is issued two types of papers to employees for receiving money/amount. (1)Paycheck. (2)Payroll Card.
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(1)Paychecks: It is traditionally paper document (cheque) issued by an employer to pay an employee for services rendered. (2)Payroll Card: A payroll card can be more convenient then using a cheque cashier,because this card can be used at participating ATM, to with draw cash.
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Responsibilities of Payroll Master Process employees data (pay rates & miscellaneous charges) Process employees time & attendance data. Process voluntary & involuntary deductions. Calculate process manual checks.
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Provide information employees on below areas: (a)Inquiries regarding paystubs & taxes relates to their pay. (b)Enter of time clock punched or time off. Audit new hire entries coming from HRIS & design time & attendance time. Approving the employees self service entries.
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