(All these should ans by keeping US payroll in mind) 1) What is Factoring 2)

(All these should ans by keeping US payroll in mind)
1) What is Factoring
2) What is the link btw HR and FICO
3) what is period parameters where do we assgn this
4) What is the difference in configuring *Mid year go live
and year end go live* What are difficulties we face in mid
year go live
5) what is the infotype Planned compensation and its
purpose
6) Can we assign more than 5 wagetypes to a single Symbolic
account and reason
7) If i hire you what you brings in to TCS tell me 5 points
8) where you want see you 5yrs from now
9) what is work schedule rule
10)what are the challenges you faced in US payroll
11) what is VWTCL and VWTCLE.what is the difference
12) Garnishment

Question Posted / komali.hrlead

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(All these should ans by keeping US payroll in mind) 1) What is Factoring 2) What is the link btw..

Answer / sharada akupathni

1.Factoring is reducing the payments according to the
attendance ie.,If the employee joined in the middle of the
month.
Eg.Loss of Pay if the employee takes leave more than the
quota assigned to him.

2. Link between HR and FICO are Symbolic accounts while
posting payroll to FI,Cost centers,Company code, Global
parameters and ledger accounts are created by fico people
and used by HR.

3.Period Parameter is a 2-digit numerical parameter that
determines the time interval for which payroll is run for a
payroll area. We assign this to Payroll Area and while
Generating payroll periods for the purpose of creating
Control Record.

9.work schedule rule is the description of planned working
time. This is used in generating work schedules manually.

12. Garnishment is basically a deduction in US Payroll. The
legal authority orders to deduct a particular amount from
employee's payslip and pay to third party.
Eg, Divorce case, Tax authority