2. MODULES ON PAY AND OTHER RELATED DIMENSIONS:
• A Human Resources Information System (HRIS) typically includes modules
related to pay and other dimensions of compensation management. These modules
are designed to streamline and automate various aspects of payroll and
compensation administration. Here are some common modules you might find in
an HRIS related to pay and compensation:
Payroll Management
Compensation Management
Benefits Administration
Time and Attendance Tracking
Expense Management
Compensation Planning and Analysis
Salary Surveys and Benchmarking
Compliance and Reporting
3. 1.Payroll Management: This module handles the processing of employee salaries,
wages, bonuses, and other forms of compensation. It calculates deductions, taxes, and
other withholdings, and generates paychecks or direct deposits.
2.Compensation Management: This module helps HR professionals design,
implement, and manage compensation structures, including salary bands, pay grades,
and incentive programs. It may also track individual employee compensation history
and performance-related pay.
3.Benefits Administration: This module manages employee benefits such as health
insurance, retirement plans, and paid time off. It allows employees to enroll in
benefits, tracks usage, and assists with compliance and reporting requirements.
4. 4.Time and Attendance Tracking: This module records employee work hours,
including regular hours, overtime, and time off. It may integrate with other modules
such as payroll to ensure accurate payment based on time worked.
5. Expense Management: This module handles employee expenses, such as travel
reimbursements and company credit card charges. It streamlines the reimbursement
process and helps control expenses through policy enforcement and reporting.
6.Compensation Planning and Analysis: This module supports strategic
compensation planning by providing tools for budgeting, forecasting, and analyzing
compensation data. It helps HR professionals make informed decisions about salary
adjustments, bonuses, and other forms of compensation.
5. 7. Salary Surveys and Benchmarking: This module provides access to external
salary survey data and benchmarks, allowing organizations to compare their
compensation practices with industry standards and competitors.
8.Compliance and Reporting: This module ensures compliance with labor laws,
tax regulations, and other legal requirements related to payroll and compensation. It
generates reports for internal use and regulatory agencies, helping organizations
avoid penalties and audits.
