(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

2 Answers
7244 Views
TCS, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

(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

Is This Answer Correct ?

9 Yes

1 No

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

Answer / sharada akupathni

11. VWTCL is an operation

Is This Answer Correct ?

1 Yes

0 No

Post New Answer

More SAP HR (Human Resource Management) Interview Questions

What is applicant Class?

0 Answers

How to write a variable breaks. For example in a manufacturing unit 50 employees are working, all the 50 employees will not take a break at a time, so 25 people will take a break around 11:00 to 11:30 and another 25 people will take a break around 11:30 to 12:00?

0 Answers

What is the taxation you used for USA.

3 Answers Cap Gemini,

What is factoring? Which PCR take care of Factoring?

2 Answers ISS Softtech,

what is key or knowledge data structure??? does any one have a format of it for hr???....help needed on early basis....

0 Answers

What were the payroll periods for the payroll?

10 Answers Patni,

What is the staffing status of a vacancy?

0 Answers

What are the main organizational functions of personnel sub area?

0 Answers

what are the key features in a payroll control record?

0 Answers

What is primary wage type?

0 Answers

Which transaction code is used to create roles?

0 Answers

While processing the salary for the m/o May 2012,the following error is being shown: 1.The salaries have been revised w.e.f 01.04.2012 in the m/o May 2012.Hence the May salary will include the arrear of April 2012. 2.Though the processing is successful, the periods reflected as 917 is wrong .Ideally it should be 246(123*2). 3.T-Code is PC00_M40_CALC Please examine the problem asap and revert https://mail.google.com/mail/u/0/?ui=2&ik=5c73645d0a&view=att&th=13787f525b8779c7&attid=0.1&disp=emb&realattid=9a07681551f0b854_0.1&zw&atsh=1

0 Answers

For more SAP HR (Human Resource Management) Interview Questions Click Here