Instant payroll methodology assessment

Verification of compliance with minimum social guarantees

Verification of compliance with minimum salary

Verification of correct indexing of the compensations to employees

We will be happy to hold an introductory meeting with you to clarify all details and requests and consultation on setting up the process of instant payroll methodology assessment

Based on the results of the assessment of the payroll methodology according to the legislation of Ukraine, a detailed report will be prepared, which includes:

• Detailed description of the work performed at each stage;
• Report on compliance of the company’s applicable calculation methodology with legal requirements;
• Description of risks and potential penalties;
• Recommendations for eliminating inconsistencies and correcting identified violations.

The practice has developed the main stages of conducting an economic analysis of labour costs, among which the following can be distinguished:

1. assessment of the dynamics, composition and structure of the salary fund;
2. analysis of deviations of actual indicators from planned ones;
3. analysis of the average salary of employees;
4. assessment of the ratio of labour productivity growth and salary growth.

Groups of companies or organizations with a branch structure that have cases of incompatibility of payroll methodologies are rare. Of course, the calculation of salaries is quite clearly regulated by the legislation of Ukraine, but many companies do not have a single document describing the methodology for calculating salaries for all branches or organizations of the group of companies.

Applying the payroll methodology provides the company with additional advantages:

• allows the company’s employees to avoid entering duplicate accruals or deductions, since you can use this document to check whether a particular type of calculation is available in the program;
• already in the process of creating a methodology, you can analyze the current salary calculation, identify and correct errors;
• when opening new branches or adding a new organization to a group of companies, this methodology will help you set up payroll calculations according to the company’s generally accepted rules;
• when delegating or replacing, this document will help you quickly introduce a new employee to work;
• the created methodology for calculating salaries will allow you to automate the calculation effectively.

Salary calculation methodology of the entire organization or group of companies must be agreed upon and compiled into a single document, which will exclude duplicate calculations, determine the composition of databases for proper calculations, coordinate algorithms, and eliminate system errors. Without this document, it is also impossible to transfer calculation data from old databases, since the result is a lot of unstructured types of calculations.

Express diagnostics of payroll methodology allows you to improve the work of the internal financial service. The correct calculation of salaries and their timely payment require the employer to attract significant financial and human resources, as well as employees of the company, who have professional abilities and talents in this field. Outsourcing payroll or delegating the implementation of this business process to professionals is an effective solution to the problem.

If you are in Kyiv, we will be happy to meet you in person and discuss all the details regarding the project. In other cases, we can always hold an online meeting or company presentation. We strive to better understand the client’s needs in order to provide top-level services.