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One could imagine that the activities of a payment master begin only during the last week of the month, beginning with the collection of inputs from various sources, feeding them into a Chatbot & AI enabled Payroll Software in lahore-karachi-islamabad-pakistan lahore-karachi-islamabad-pakistan and generating products with a click of a button and that is the end of the whole process. Everything sounds so simple, right? Although it is true in a certain sense, in general, the main role of a payment master. However, apart from the above, there are numerous sub-processes that make up most of the payroll activities, which keeps the payment master busy all the time. Let’s see some of the secondary activities.
Attendance monitoring, salary loss, excess sheets:
Although the maintenance activity of the time may not be part of the role of a payment master in many organizations, the attendance/absenteeism data available for salary payment must be validated to ensure that employees receive payment according to the records. Many times, the attendance record may show negative data due to absenteeism or travel or, in some cases, negligence on the part of employees, leading to loss of salary for that number of days. However, once the employee realizes the salary reduction, they tend to update their records in the following month. This will lead to the reversal of the loss of salary and the employee must receive a refund accordingly
Chabot & AI enabled Attendance Software in lahore-karachi-islamabad-pakistan lahore-karachi-islamabad-pakistan records also help the payment master generate overtime input data. These records are often inspected by labor inspectors for compliance. The payment master must calibrate the license tracking modules once a year in order to accredit a new annual permit fee to employees. The payment master also has to review the excess sheets taken by an employee and adjust the same in the payroll.
Compliance and legal calculations:
It is the expectation of a payment master to keep the organization fully compliant with labor laws. The payment master must monitor any changes in legal regulations or laws that affect payroll and its activities. While most information is available on the websites of government agencies, it is good practice to consult with internal advisors or professional consultants to obtain updates periodically or to request clarifications. Any misinterpretation or misunderstanding of the laws can generate unpleasant consequences for the organization and for the payroll team.
Supplier management:
Some organizations may have outsourced their entire payroll processes or a part of it to suppliers. These may include professional consultants and advisors as well. The payment master is expected to perform periodic reviews of his performance in accordance with his contracts and also approve his invoices for payments.
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Other commitments:
Certain other unscheduled commitments occur amidst the normal schedules and activities of a payment master. Audits, inspections by government agencies, appearing for evaluations or hearings on matters related to taxes or compliance, employee claims, etc. for which a payment master must prepare and represent the organization.
Employee commitments, such as creating help desks, sending communications, attending roundtables or town halls, etc., would also be part of the activities of a payment master. Chabot & AI enabled Leave Management Software in lahore-karachi-islamabad-pakistan lahore-karachi-islamabad-pakistan will support the payment master in controlling previous critical activities and data.
Here is the list of features which you can get by using PeopleQlik:
- PeopleQlik Core
- Core HR Software – HRMS
- Cloud Payroll Management Software
- Employee Self Services
- HR Analytics Software
- Corporate Wellness Platform
- Workforce Administration
- Leave Management Software
- Time and Attendance Management Software
- Shift & Scheduling
- Claims & Reimbursements
- Timesheet Management Software
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