Navicon Labour Costs Management

Payroll planning

Navicon Labour Costs Management – calculate the payroll swiftly and accurately.
All-in-one system to plan payroll budget, vacations & vacancies quickly and easily.

You need to

Plan the recruitment of new personell
Plan the employees' compensations by their types according to the company roster
Calculate the company payroll taking into account the working hours and vacation schedules
Calculate bonuses for the employees using various motivational schemes
Calculate the payroll using separate algorithms for production workers, commercial and managerial staff
Automate the calculation of tax liabilities in accordance with the actual legislation (social tax, personal income tax)

Solution features

Solution benefits

Detailed planning according to the company roster or the staff structure
Minumized labour costs of manual data input, maximized automation of the calculations
High accuracy of payroll planning
The possibility to track the shake-up and actual number of employees by the months of the fiscal year
Automatic calculation of tax expenses
Scenario modeling, «if-then» analysis

Solution is already being used by

Skolkovo Foundation

Skolkovo Foundation / Budgeting and reporting model development based on IBM Cognos