The strength of LOGIC's wages
and salaries system attributed to the experience and competence of senior human
resources and financial managers who have shared their full experience in
establishing this version. This makes LOGIC's system the most powerful,
flexible, and comprehensive, distinguishing a number of definitions and basic
data including:
Adding and defining all
entitlements and deductions with the method of calculating each
Define the method and formula for
calculating absences, delays and incentives
Determine the method of calculating
the overtime charge
The system contains a table of all
the values and ratios of the labor law, taxes and insurance on which the wage
is calculated.
Determine the base of salary
disbursement for each employee (monthly salary, weekly wage, daily wage)
Determine the currency of salary
exchange
Determine whether employees are
subject to work taxation
Determine whether employees are
subject to social insurance with the number and date of insurance as well as
medical insurance