Posistrength Software Solution Private Limited HR Executive Interview Questions and Answers

Payroll is the process of calculating and distributing wages to employees for their work.

• Payroll involves calculating employee salaries, deductions, and taxes

• It includes tracking hours worked, overtime, and bonuses

• Payroll also involves distributing paychecks or direct deposits to employees

• Employers must comply with labor laws and regulations when processing payroll

Processing payroll involves calculating employee wages, deductions, and taxes, and then distributing payments.

• Collect employee time and attendance data

• Calculate wages based on hours worked and pay rate

• Deduct taxes, benefits, and other deductions

• Generate paychecks or direct deposits

• Submit payroll taxes to the appropriate authorities

SAP HCM (Human Capital Management) is a software solution that helps organizations manage their HR processes efficiently.

• SAP HCM integrates various HR functions such as payroll, time management, and talent management.

• It allows organizations to streamline their HR processes and improve workforce management.

• SAP HCM provides tools for recruiting, onboarding, training, and performance management.

• It helps in tracking employ...read more