Salary and Bonus Planning
Bring order and transparency to your company’s salary and bonus planning!
Ever find that every year it takes hours all over again to work out who gets what raise or bonus?
Máté, a division head, tries to split his team’s bonus budget in Excel spreadsheets, constantly worried that he’ll accidentally exceed the available amount. His superior only sees at the end, from a summary sheet, how far the draft deviates from the company budget.
Salary and bonus planning takes an enormous amount of time and administration when no suitable digital tool is available.
The solution
The HRmaster Salary and Bonus Planning module enables planning in an organized framework, involving managers at different levels:
- Salary planning, bonus planning or combined projects can all be launched
- Planning can take place depending on performance appraisal or independently of it
- Employees not yet planned can be easily filtered and sorted by organizational unit or planning status
- By defining individual bands, it helps managers plan each employee’s raise or bonus
- Senior managers can override the planning of lower-level managers
- The system clearly signals when a planning manager breaks the expected rules or budgets
Benefits
- Salary planning, bonus planning or combined projects can all be launched, according to the company’s needs
- Faster, more transparent planning with fewer chances for error
- Senior managers see the available budgets in real time, by organizational unit and in total
Máté is no longer afraid of exceeding the budget – the system continuously shows how much he has left.
Payroll
Use your own AI-powered payroll system instead of an external provider!
Ever find that at the end of the month, exactly when you get the salary data always hinges on some external coordination?
Judit, a payroll clerk, runs the same routine at the end of every month: she reconciles the time records and the payroll software by hand, because the two systems don’t talk to each other. Because of a single mistyped pay code, an entire team’s pay calculation slips by a day.
Payroll without the right tools and knowledge is a grueling, risk-laden task that demands a lot of manual administration.
The solution
The HRmaster Payroll module works with AI-based automation, integrated with the rest of the system’s modules:
- An integrated solution that links working time management and payroll, without human intervention
- Automatic tracking of legislation, and generation of onboarding and offboarding filings and declarations at the push of a button
- Monthly and hourly-wage pay calculation, and handling of statutory tax and contribution calculation.
- Individually configurable pay elements and deduction titles
- Self-service payslips sent out electronically every month, password-encrypted. Payslips are also saved to the employee’s personal document library.
- Automatically generated payment lists, payroll summaries, NAV (Hungarian Tax Authority) reports and Form 08 returns. Ready to use as soon as they are generated.
Benefits
- You can save time and energy on administration that repeats month after month
- The chance of mistakes and typos is minimized
- Reliable, system-level data provision, which reduces internal conflicts
Judit no longer has to reconcile two systems by hand – data flows into payroll automatically, without errors.