Analysis of implementation : the payroll accounting system and employee  wages

Resca, Yuliana; Munandar, Agus

doi:10.32670/fairvalue.v4i10.1756

Cited by 3 publications

(3 citation statements)

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“…Notably, salary and wages should be both reasonably fixed and punctually disbursed (Resca & Munandar, 2022). ii.…”

Section: Types Of Monetary Incentivesmentioning

confidence: 99%

Impact of Monetary Incentives on Employee Performance in the Nigerian Automotive Sector: A Case Study

Kelechi Chidiebere Ihemereze,

Nsisong Louis Eyo-Udo,

Blessed Afeyokalo Egbokhaebho

et al. 2023

Int. j. adv. economics

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This study delves into the intricate relationship between monetary incentives and workers' performance within the context of the Nigerian Automobile Industry. The objective is to discern the impact of various monetary incentive factors on employee performance while also investigating potential areas for enhancement. Through a meticulous examination of 120 completed questionnaires, the study identifies prevailing trends and disparities in the perception of monetary incentives among industry workers. The findings unveil a nuanced understanding of employees' familiarity with the elements and factors of monetary incentives, highlighting their comprehension of how these variables intertwine with their workplace performance. A critical observation is made concerning the incongruence between the societal image associated with workers within the Automobile Industry and the current salary structures. It becomes evident that salary adjustments are not conducted in alignment with the benchmarks established by the Salaries and Wages Commission. A compelling revelation surfaces as the study underscores the paramount influence of Bonus payments and pay raises on employees' motivation and job satisfaction. These two factors emerge as significant determinants of enhanced performance, with most workers acknowledging their pivotal role. In contrast, the practice of Profit Sharing within the industry is not commonplace, and concerns regarding transparency shadow instances that do exist. This unveils a compelling demand for a more open and equitable Profit-Sharing system capable of invigorating workers' enthusiasm. Moreover, the study illuminates the inadequacies of the Retirement Benefits framework, indicating a palpable need for its augmentation to elevate employee contentment and performance. The research substantiates the hypothesis that monetary Incentives encompassing Salary, Bonus, pay rate, profit-sharing, and Retirement Benefits significantly influence workers' performance within the Nigerian Automobile Industry. In conclusion, the study proffers strategic recommendations to fortify the bond between monetary incentives and employee performance. Embracing transparency, ensuring timely salary reviews and bonus disbursements, implementing performance-based pay rise policies, enhancing retirement benefits, and upholding transparency in monetary incentive processes are identified as pivotal actions that can stimulate heightened motivation, job satisfaction, and ultimately, superior performance within the Nigerian Automobile Industry. Keywords: Monetary Incentives, Employee Performance, Nigerian Automobile Industry, Job Satisfaction, Intrinsic Motivation, Career Development, Human Resources Management, Pay Rise.

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“…Notably, salary and wages should be both reasonably fixed and punctually disbursed (Resca & Munandar, 2022). ii.…”

Section: Types Of Monetary Incentivesmentioning

confidence: 99%

Impact of Monetary Incentives on Employee Performance in the Nigerian Automotive Sector: A Case Study

Kelechi Chidiebere Ihemereze,

Nsisong Louis Eyo-Udo,

Blessed Afeyokalo Egbokhaebho

et al. 2023

Int. j. adv. economics

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“…3. Automated Payroll System: The utilization of information and communication technology (ICT)-based payroll systems facilitates the automation and accuracy of salary calculations (Resca & Munandar, 2022). This practice mitigates the likelihood of payroll inaccuracies and guarantees that employees receive suitable remuneration within a shorter timeframe.…”

Section: Introductionmentioning

confidence: 99%

The Role of Information and Communication Technology in Improving the Efficiency of Human Resource Management Administration

Sutrisno

2023

jmp

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The use of ICT has fundamentally changed the way organisations work and operate in various sectors, including HRM. Along with technological advancements, organisations across industries have adopted various ICT solutions to improve efficiency and productivity in HRM administration processes. The role of ICT in improving HRM administration efficiency is increasingly recognised as a key element in achieving organisational success in this digital era. This research aims to explore relevant studies and literature on how ICT has influenced and improved HRM administration efficiency in various organisations. The current research type is qualitative. Data collection techniques include listening and recording important information to conduct data analysis through data reduction, data display, and conclusion drawing. This study arrived at a discovery that the role of ICT in improving the efficiency of HRM administration has become something that cannot be ignored. The application of technology in HRM provides various benefits to organisations, including more efficient employee recruitment and selection processes, automation of administrative tasks, more affordable and accessible employee training and development, and more secure and integrated employee data management.

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“…Financial sales information includes customer information, credit information, payment method, order name, quantity, price, delivery address, etc. [15].…”

Section: Introduction To the Integration Model Of Industry And Financementioning

confidence: 99%

Application of Industry Finance Integration Mode Based on Big Data in Enterprise Decision-Making

2023

ferm

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In the increasingly competitive market, companies face enormous challenges in implementing strategies and development activities, which puts forward higher requirements for financial management. As an important means of managing and enhancing business value, the integration of business and finance has led to the restructuring and modernization of financial management functions, promoting the transition from basic accounting and corporate governance to supporting business value creation. This paper explains in detail the meaning of the industry finance integration model, the difficulty of implementation, the establishment of the database, and the implementation path. Then, from the perspective of timeliness of information, the Inventory turnover rate of the company's operation, and less cost and time, the experimental analysis is based on the role of Big data industry finance integration model in enterprise decision-making. The final experimental results show that the industry finance integration model based on Big data can effectively reduce the cost by 0.73 and the time by 0.75.

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Analysis of implementation : the payroll accounting system and employee wages

Cited by 3 publications

References 5 publications

Impact of Monetary Incentives on Employee Performance in the Nigerian Automotive Sector: A Case Study

Impact of Monetary Incentives on Employee Performance in the Nigerian Automotive Sector: A Case Study

The Role of Information and Communication Technology in Improving the Efficiency of Human Resource Management Administration

Application of Industry Finance Integration Mode Based on Big Data in Enterprise Decision-Making

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