Do you need a Payroll Budget system in Iceland?

Payroll budgets are a control tool for managers that provide good overview of labor costs based on plans and status at any point in time. Payroll budgets are made for each year/period where managers can make changes to the budget if, for an example, changes in full-time wages are forseeable. Payroll budgets also provide a good overview of payroll expenses vs. budgets

Benefits:

• Import all securities movements into an intermediate table in BC
• Estimate cost increases in staffing costs
• Based on actual figures in current collective agreement
• Compare the salary status compared to the budgets
• Reporting
  
• Connection to Wise Payroll System
  

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