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Once youu2019ve hired an employee, you need to gather some important documents. Documents which act as a proof of identification, income, etc.Youu2019ll use the data to add the employee to your hr payroll management system if you have one. Visit: https://corporatestack.com/hrms/
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FINDING THE BEST PAYROLL METHOD THAT SUITS YOUR BUSINESS NEEDS? COLLECT YOUR EMPLOYEE’S DOCUMENTS Once you’ve hired an employee, you need to gather some important documents. Documents which act as a proof of identification, income, etc.You’ll use the data to add the employee to your hr payroll management system if you have one. CALCULATE HOURS WORKED Calculating work hours is as simple as having the employee write down their start and end times each day and counting up the hours.Most businesses start out with a simple timesheet. Calculate CTC Calculating gross pay is as simple as adding up the straight time hours and multiplying by the employee’s hourly rate. Then, adding up the overtime hours worked in the pay period and applying the employee’s overtime pay rate to those hours. Document & Store Your Payroll Records Payroll documents contain confidential information such as employee Social Security numbers. Alternatively, you can set up paper files, or upload documents to a document hosting service or your network. For More Visit: corporatestack.com
