Payroll Interview Questions 1

What are the mandatory fields while creating Payroll?

Payroll Name, Period Type and Start Date

Define Elements 

Elements are the building blocks for earnings, deductions etc. of a Payroll.

It is a Data Structure which is used to hold information for both Human Resources and Payroll.

In Human Resources elements may represents compensation types including Earnings such as Salary, Hourly Wages and Bonuses.

In Payroll, elements constitute all the items in the Payroll run process.

What the Element can represent?

Earnings --> such as Salary, Wages & Bonuses

Benefits --> such as employee stock & pension plans

Non-Payroll items --> such as Expenses

Absences from work

Voluntary and In-Voluntary deductions

Employer Taxes and other Liabilities.

What are the pre-defined Elements?

UK Payroll legislation provides many predefined elements

--Tax

--National Insurance (Employee/Employer)

--Court Orders

These Elements cannot be modified.

What are the Element Entry Concepts?

Recurring - Recurring Entries can exists over many Payroll periods

Non-Recurring - Non-Recurring Entries are valid for single Payroll period only.

What are the types of Element Entry?

There are four types

Normal Entry

Override Entry

Additional Entry

Adjustment Entry

--Additive Adjustment

--Replacement Adjustment

--Balance Adjustment

How can we add a new input value to an existing Element?

We can add an additional input values to an existing Element if the element has not been processed in a Payroll run and the Effective data is the same date of creation of the Element.

What is Salary Basis ?

Salary basis is the duration on which the salary is reckoned. It is a rule to administer pay.

Define – Quick Pay & Batch Processing 

When calculating pay, we can use either

- Quick Pay Process, which is for one employee or

- Batch Process for all employees together

What is Quick Pay/ Advance Pay/ Retro Pay?

QuickPay

QuickPay enables you to carry out payroll processing for individual employees. You can use QuickPay to pay employees who are leaving and who require payment immediately. If an employee asks what their net pay will be this month, you can run QuickPay to find the answer, then roll it back to remove all results from the database.

Advance Pay

The Advance Pay process enables you to pay employees in advance for holidays or other events. The process performs payroll runs for the periods to be advanced, using all date effective information in place, and stores the final net figure as the amount to be advanced.

Retro Pay

Payment for any previous cycle in the current payroll run

What is Retro Pay, Advance Pay & Absence Pay

- Retro Pay – Payment for any previous cycle in the current payroll run

- Advance Pay – Payment for any future cycle/advance in the current payroll run

- Absence Pay – Payment for leaves like sick leave, maternity leave, annual leave and other statutory leaves

Define Batch Element Entry?

This is an open interface specially designed for elements. With BEE we can quickly incorporate mass updates in any specific elements.