Compensation and benefits management is one of cores functions of human resource management. Facing the enormous payroll data, it's of the utmost importance to carry out available statistical analysis relating with employee turnover or promotion to submit high-quality salary report rapidly.
The powerful functionalities and flexible architecture of Compensation and Benefits module can support different compensation and benefits policies and rules so that it can efficiently help you deal with bulk data, eliminate human errors and greatly reduce the process time. Besides, payroll lock, C&B module's new function, can improve the data security and accuracy, and make the responsibilities and rights clear during the compensation and benefits management processes.
At several key points during payroll processing, payroll lock, Platinum HRM provide data submission and lock prior to the salary data preparation, calculation and distribution. Those lock functions can apply to the pay scope of employee, data preparation, payroll policies, and salary calculation results reviewing. Those lock functions make the responsibilities and user rights much clearer during the payroll processing and ensure the calculation results safe without being modified intentionally.
The payroll lock functions can be chosen for implementation according to user's requirements.