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HRMS Module

The document outlines the components and processes involved in the HRMS payroll module, including gross and net salary, allowances, deductions, and the creation of payroll elements and entries. It details how to define payroll, link elements, and manage employee salary information, as well as the importance of GL mapping and fast formulas for payroll calculations. Additionally, it emphasizes the need to track salary balances and provides navigation paths for various HRMS functionalities.

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26 views2 pages

HRMS Module

The document outlines the components and processes involved in the HRMS payroll module, including gross and net salary, allowances, deductions, and the creation of payroll elements and entries. It details how to define payroll, link elements, and manage employee salary information, as well as the importance of GL mapping and fast formulas for payroll calculations. Additionally, it emphasizes the need to track salary balances and provides navigation paths for various HRMS functionalities.

Uploaded by

jaiswalhimanshi86
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as TXT, PDF, TXT or read online on Scribd
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HRMS Module -

Components of the payroll


-Gross salary (CTC-cost to company) - Before any reductions.
-Net salary - After the deductions. ( in-hand salary)
-Ad-hoc pay - annual bonus, festival advance, incentives etc.
-Allowances.
-Deductions- PF(provident Fund), PT(Professional tax), ESI (Employee state
insurance)

#Elements- Building blocks of the salary. Every component in your paycheck is an


element.

#Fast Formulas- You can specify detailed payroll calculations using conditional
logic.

1)Defining Element-
HRMS > Total compensation > Basic > Earnings.
For searching any elememt -
HRMS > Total compensation > Basic > Element Description.
After creation of the element link it to the employee by creating a link of the
element .

2)Link-
HRMS > Total compensation > Basic > Link. ( First create payroll then link and
assign the payroll to the link. )

#Element Entries-

Distributions of the elements to the employees is called as the entries. The


entries stores the name of the element along with the input values that is assigned
to the payroll.
Whenever we run a payroll, the payroll engine manager picks the entries in the
input values and process those values according to the fast formula.

3) Create the element entries-


That means we are going to give the values of the elements.
Element entries are given at the employee level at the employee details form the
assignments tab. Conditions are - The element should be standard,recurring and the
assignment should be enabled for the employee.
1) Automatic entries
2) Manual entries

#Payroll- The amount that has to be paid to the customer for the services
provided by him.A payroll is a set of employees whose pay you process with a single
frequency, for example, weekly or monthly.

4) Defining a payroll-
HRMS > Payroll > Description.

*Define payment method for your enterprise. From the organizational payment
method window.

5) Assign the payroll to the Element. Assign the payroll to the element link that
you have created.

6) GL mapping -
Once you run the payroll , the accounts are transferred to the GL . So we have
to map the Gl .
Also in OTL ( Oracle time and labour ) we run a program to transfer the data
from otl to gl .

HRMS > Payroll > GL Flexfield map .

7) Create an employee and assign a payroll to the employee.

#The salary basis establishes the duration for which a salary is quoted, for
example, hourly, monthly or annually. Notice that an employee's salary basis is not
necessarily the same as the pay periods of his or her payroll. For example, an
employee with an hourly pay rate has the salary basis Hourly Salary, but can have
an assignment to a weekly payroll.

* SALARY BASIS -
Enter the salary of the employee.

* GRADE - Range of salary provided to an element or payroll or salary basis .

8) Balances- When we need to track the aggregated value associated with one or more
elements.
HRMS > Total Compensation > Basic > Balance.

9) Fast Formula -
Create fast formula - HRMS > Total Compensation > Basic > Fat formula > write
formula.
Create formula function - for calling the fast formula . HRMS > Total
Compensation > Basic > Fat formula > Formula function.
Create formula result
Payroll process concurrent program.

AE_HRMS_BASIC

PY_SRS_PROCESS_NAME
PY_SRS_PAYROLL
PY_SRS_CONSOLIDATION_SET
HR_US_PAY_PERIOD_END_DATE
FND_STANDARD_DATE

HR_US_RUN_TYPE_ID

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