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Performance and Compensation Management Project

Autor:   •  December 28, 2017  •  1,179 Words (5 Pages)  •  872 Views

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This file shows payroll disbursement system.

Steps

Responsibility

Timeline

STEP – 1: STARTING OF PAYROLL

a.

Closing of last month’s payroll by Finance Department to enable HR to start entries for new payroll cycle.

Finance

15th of existing month.

STEP – 2 : RECEIVING OF PAYROLL RELATED DATA FROM DEPARTMENTS

a.

Attendance

All Depts.

18th

b.

Deductions of Meals, Fuel, Excess Mobile

Admin

18th

STEP – 3 : HR ACTIVITY IN LIEU OF PAYROLL CYCLE

a.

Incorporate data for:

> Additions/Deletion of Employees in HRMS

> Salary Changes due to confirmation, increments etc.

HR

20th

b.

> Leaves Postings

> Deductions entries in HRMS

HR

22rd

STEP – 4 : VERIFICATION / RECTIFICATION / DISBURSEMENT

a.

Cross Checking of Income Tax entries and re-submission to HR.

Finance

25th

b.

> Incorporating changes (if any)

> Payroll Release / Live run & Submission of final Payroll to Internal Audit.

HR

26th

c.

> All employee related queries of IA – HR has to respond

> All taxation related queries of IA – Finance has to respond

HR/Finance

26th

d.

Clearance from Audit and submission of payroll to Finance

Internal Audit

27th

e.

Bank Transfer

Finance

28th

STEP – 5 : ADHERENCE OF TIMELINES

a.

To ensure timely disbursement of payroll cycle, all stakeholders will ensure 100% compliance of aforementioned timelines. HR will entertain only extremely urgent cases which are pre-approved by MD else all changes will be carry forwarded for next month payroll cycle.

All Depts.

GRADING AND SALARY CONFIGURATION OF SAFFIRE:

Following table shows the grading and salary Configuration

LEVEL

S#

Grade

Position Title

Senior Management

1

A

Chairman

2

B

Managing Director

Middle Management

3

C

Manager

4

D

Assistant Manager

Junior Management

5

E

Senior Executive

6

F

Executive

GRADE WISE SALARY RANGES

S#

Grade

Position

Average Salary

Minimum Salary

Maximum Salary

Level

No of Positions

1

A

Chairman

Salary Package is kept confidential

Sr. Management

1

2

B

Managing Director

Salary Package is kept confidential

1

3

C

Manager

125,000

100,000

150,000

5

4

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