2. INTRODUCTION
• The term “payroll” encompasses every employee
of a company who receives a regular wage or
other compensation.
• This project work provides me an opportunity to
understand the company’s payroll strategies and the
company through an enriched environment and help
to achieve maximum growth and development.
• Companies often use objectives measuring tools such
as timecards or timesheets completed by supervisors
to determine the total amount of payroll due each pay
period.
3. OBJECTIVES
• To understand the payroll strategies activities
of the company.
• Report the feedback of the employees in an
organization.
• To find out the impact of the individuals after
giving payroll training in an organization.
4. Company Profile
• THEJES DAIRY PRODUCTS is Commenced in
2008 by two partner’s namely P.SUBBA REDDY &
P.NEERAJAKSHULU NAIDU, the company has
recorded consistent growth in an Indian Dairy
Market.
• Thejes Dairy is one among the largest brand of milk
in Chittoor, it marketing about 5 L liters of milk per
day.
• Thejes Dairy has harnessed the power of farmer
cooperatives to deliver a range of delicious products
and bring a smile on your face.
8. PAYROLL
• A pay roll is a company’s list of its employees,
but the term is commonly used to refer to:
• The total amount of money that a company pays
to its employees
• A company’s records of its employees’ salaries
and wages ,bonuses ,and withheld taxes
• payroll is crucial because payrole and payrole
taxes considerably affect the net income of most
companies and because they are subject to laws
and regulations (E.g. in the U.S., payrole is
subject to Federal, State, and local regulations).
9. CONTD.,
• Payroll taxes are taxes imposed on employers
or employees, and are usually calculated as a
percentage of the salaries that employers pay
their staff.
• Payroll taxes generally fall into two categories:
Deductions from an employee’s wages, and
taxes paid by the employer based on the
employee’s wages.
10. FINDINGS
• 50 % of workers feel that change in their
knowledge; skills an quality of work collectively
while 30% in their knowledge, 10% in their skills
and 10% in their quality of work after attending
payroll programs.
• 80% of employees have increased their morale
and speed of work, 10% of employees have only
increased their morale while remaining 10%
increased their speed of work after attending
payroll programs.
11. SUGGESSTIONS
• A company should implement their payroll
training programs in a manner that 100% of
their employees agree that their personal
growth increases with payroll management.
• Payroll management material should be
organized in a logical manner and has
meaningful units
12. CONCLUSION
• The present payment policy is flexible enough
as it has undergone several changes from
time to time to suit the requirements of the
management.
• In an organization, the payroll training
sessions are need to keep more to educate
employees.
Encompass:-with hold or include
Timecards:-this is an document prepared to know how many hours an employee worked during a work week
Timesheets:-a sheet for recording the time of arrival and departure of workers and for recording the amount of time spent on each job. 2 : a sheet for summarizing hours worked by each worker during a pay period.
Harness :- control and make use of natural resourses to produce engery
Withheld taxes :-it is an income tax which the employer pays directly to the government
