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CHAPTER I
The Problem and it’s Setting
Introduction
A payroll system is a software application businesses
used to manage and automate the process of paying employees. It calculates employee paychecks, salaries and taxes, tracks hours worked, and issues payments through direct deposit or check.
Most companies will need to set up a payroll system at
some point- even if you only have one employee. And while it may not be the most glamorous part of running a business, it’s still essential.
Staying on top of your business payroll allows everyone
on your team to get paid the correct amount on time. However, the payroll process can be repetitive, mundane, and time- consuming. The payroll process can also get complicated for companies with many employees. Let’s explore what a payroll system is, how payroll works, and how your business can benefit from a payroll process. (M. Mondry, 2021)
Statement of the problem
The study aimed to determine the Payrolll system in
Hipolito’s Personals
1. How may the profile of the respondents be described in
terms of:
1.1 name
1.2 address
1.3 position 1.4 income per hour
2. How may the perception on Payroll System for Hipolito’s
Personnels be described in terms of:
2.1 Payroll System
2.2 Payroll Processing
2.3 Security Management
Scope and Delimitation
The respondents of the study were limited only for the
Hipolito’s Personnels. The profile of the respondents is limited to a certain extent such as: name, address, position, and income per hour. The study is delimited only to determine the: Payroll System, Payroll Processing, and Security Management.
Limitations of the study
This study aims to determine what is the effective
payroll system for Hipolito’s personnels. This study are limited to the respondents, meaning that this study will only focus for Hipolito’s personnels.
Significant of the study
This study will be undertaken to find out the perceptions
on payroll system for Hipolito’s personnels. Benefiting the study will be the following:
Working students – It will be benifiting for working students
because this study will help them to know if the payroll system is effective and won’t get on the way of their studies. Employees – This to will help them to know better what payroll system really is, it will help them to know if the current payroll system they have is actually effective.
Business/company owners – It will help them to know if the
current payroll system they use for their employees is actually effective.
Definitions of terms
Payroll:
Payroll is the compensation a business must pay to its
employees for a set period and on a given date. (investopedia.com)
Payroll is the process of paying employees, and it can also
refer to the list of employees or the total amount paid to them
Income:
Income is money or value that an individual or business entity
receives in exchange for providing a good or service or through investing capital. (law.cornell.edu)
Income is the money or other benefits that an individual or
business receives in exchange for their labor, services, or products.
Personnels:
Personnel means persons hired by the Consultant or by any
Subconsultant as employees and assigned to the performance of the Services or any part thereof. (lawinsider.com) Personnel refers to a group of people who are employed by a company, organization, or the armed forces.