Know Yourself

What’s The Secret of Your Success


What kind of a person are you?
How do you relate to the world?

Are You Plain or Attractive


How do other people see you?
Do they notice you or just ignore?

Life’s Victors


George Mallory
“Winner & Mountaineer”

SALARY MANAGEMENT

Salary Management refers to the use of computers to produce paychecks and manage benefit payments for a company or community. Often, payroll automation is integrated into the company's enterprise resource planning system that provides an overall view of the company's or community's finances; in addition to payroll, it can manage customer relationships, production, personnel resources, invoicing and accounting.

Salary management consists of several stages and procedures that require expertise in financial administration, such as employment contract management. Payroll management performs the following tasks:

 

 

  • Calculating and paying wages, settlement of tax withholdings
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  • Delivery of wage calculations and certificates to the employees
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  • Compiling statistics for different authorities, and for the purposes of improving activities
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  • Drawing up employment contracts
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  • Providing regulatory reports to the tax agencies and insurance companies
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  • Calculating annual holidays
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  • Managing deductions for employee benefits
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