1.5 Significance of the Study The developed system shall provide the Sulphonation Plant of the company, GJKids, with an automated payroll system, that will help its supervisors in doing their secondary job of doing the payroll for those people under them.Tags: Nursing School Application Essay ExamplesPsychology Dream Research PaperEssay Writing AssignmentCreative Writing AutobiographyBromelain ThesisList Of Problem Solving Skills
The solution has to take care of calculation of salary as per rules of the Company.
This Payroll System is a full-featured system that manages financial information of every employee in an organization.
IDENTIFYING PROBLEM, OPPURTUNITIES AND OBJECTIVE 3.4.2.
Chapter 1: Introduction 1.1 About the Study GJ Kids Group is an experienced global chemical distributor that provides creative and innovative sourcing solutions, quality raw materials and product alternatives to industry manufacturers in the Philippines.
Their sources of supply include both domestic and foreign producers.
In addition to their highly efficient supply relationships and abilities, we also bring value through the following sales related activities: * .Employers typically withhold federal income tax from employee earnings; at the end of the year, they must report all wages, tips and other compensation paid.Companies also must withhold Social Security and Medicare contributions from employees' wages and pay a matching amount.With a computerized system, the employer can utilize payroll software to process its payroll on-site.Some larger companies can afford the computer systems and staff to process payroll on their own.It computes and processes the payroll in the certain payroll period. This Payroll System is also a flexible compensation administration solution. From this documents of payroll the salary will be illustrate the name of employee, the rate, the deductions for their benefits, deduction from damages and cash advance,computing a gross and giving the amount of net income. FOREIGN LITERATURECONCEPTUAL FRAMEWORK OF THE STUDYDEFINITION OF TERMS AND VARIABLES Payroll System is the heart of any Human Resources System of an Organization. REVIEW OF RELATED LITERATURE AND STUDIES LOCAL LITERATUREThe aim of general payroll system is to provide easier and faster way to monitor the movement of salary in the business. It is a proper way to get an exact salary of employee regarding their minimum income.