Study Guide

Objective

Having completed this study unit

• You are familiar with the payroll and understand the main principles of payroll.
• You know the connection between payroll and relevant legislation.
• You know the difference between wages and salaries.
• You know the role of taxation and mandatory withholdings in payroll.
• You are able to make calculations for overtime, fringe benefits, sick leave and holiday payment.
• You know how to use an electronic payroll system and can do the monthly payroll for a small company.
• You are able to calculate a personnel budget and make a sensible shift plan.

Competences: Financial Management and Business related Law Competence

Content

- Payroll as function and main principle of payroll
- Connection between payroll, legistlation and HRM
- Connection between payroll and bookkeeping
- Payroll calculations
- Personnel budget and shift plan
- Electronic payroll system and shift plan system

Assessment criteria, satisfactory (1)

Level 1
Payroll
You know the connection between payroll and relevant legislations.
You are able to make basic payroll calculations.

Level 2
Payroll
You understand the connection between payroll and relevant legislations.
You are able calculate payroll related calculations.

Assessment criteria, good (3)

Level 3
Payroll
You are able to take care of company’s payroll and knows the relevant legal obligations.

Level 4
Payroll
You have the knowledge and skills to take care of company’s payroll related specific situations and knowledge of the legal obligations.

Assessment criteria, excellent (5)

Level 5
Payroll
You are able to apply relevant legislation and collective agreements in different payroll situations.
You understand the relevance of payroll in a company.