Abstract

In today dynamic business environment, the success of an organization hinges not only on the quality of its products or services but also on the efficiency and equity inherent in its employee payroll system. This research elucidates the imperative behind the transformation of corporate payroll systems in response to the rapid evolution of industry dynamics and the escalating complexity of employee requisites. The primary objective of this study is to conduct an in-depth analysis of the payroll system employed by PT Kefsone, a dynamically growing enterprise, with a specific emphasis on augmenting operational efficiency and instituting equitable compensation distribution practices. The comprehensive analysis encompasses an exploration of the evolving demands of the workforce, an evaluation of methodologies for performance assessment, and a critical review of remuneration structures and incentive policies. The findings of this research underscore the substantial impact that components affecting fairness and efficiency within PT Kefsone payroll system exert on workplace productivity, employee retention, and overall morale. Moreover, the study presents actionable recommendations for system enhancement, thoughtfully tailored to align with the company's requirements and the expectations of its workforce.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.