AYROLL, STAFF BENEFITS & STATUTORY DEDUCTIONS CASE STUDY “Payroll shouldn’t be complicated. It can, however, become convoluted if the application used to record time and attendance doesn’t meet company specific requirements. Your group was contracted by a company to upgrade their legacy time and attendance application to account for employees’ individual compensation and benefits accrual that varied depending on their changing daily shift responsibilities. You should develop a modernized, more accurate and efficient replacement. “It was an old application, built with old proprietary technology and running on an old server,” explained the company’s senior systems analyst. “We need a robust solution that is flexible to meet our unique data requirements to process payroll with the complex earnings data we have to capture each shift for each employee.” A thorough search yielded no off-the-shelf commercial time and attendance systems able to meet their unique constraints, so they set out to build a robust solution, flexible enough to handle the many conditions, data validations, exceptions, and rules essential for efficiently and accurately processing payroll and meeting reporting requirements.” Source: www.intellitect.com Your group has been selected by the company to answer the following questions: What is a Payroll System? List and explain the types of payroll systems. Describe what the payroll of the future will be like. What resources and measures can be put in place now to enhance the payroll of the future? How would you implement the payroll system? How would you get staff to buy into it? Required:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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PAYROLL, STAFF BENEFITS & STATUTORY DEDUCTIONS

CASE STUDY
“Payroll shouldn’t be complicated. It can, however, become convoluted if the application used to record time and attendance doesn’t meet company specific requirements. Your group was contracted by a company to upgrade their legacy time and attendance application to account for employees’ individual compensation and benefits accrual that varied depending on their changing daily shift responsibilities. You should develop a modernized, more accurate and efficient replacement. “It was an old application, built with old proprietary technology and running on an old server,” explained the company’s senior systems analyst. “We need a robust solution that is flexible to meet our unique data requirements to process payroll with the complex earnings data we have to capture each shift for each employee.” A thorough search yielded no off-the-shelf commercial time and attendance systems able to meet their unique constraints, so they set out to build a robust solution, flexible enough to handle the many conditions, data validations, exceptions, and rules essential for efficiently and accurately processing payroll and meeting reporting requirements.”
Source: www.intellitect.com
Your group has been selected by the company to answer the following questions:
What is a Payroll System?
List and explain the types of payroll systems.
Describe what the payroll of the future will be like.
What resources and measures can be put in place now to enhance the payroll of the future?
How would you implement the payroll system?
How would you get staff to buy into it?
Required: 

 

 

 

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