Payroll Simulation and Budget Control
The Meta4 PeopleNet Payroll Simulation module is a tool capable of measuring HR salary costs and controlling the workforce budget of an organization over time through payroll calculation simulations. The simulation is a real calculation; it uses exactly the same calculation engine as for the actual payroll of an organization, together with the same rules and the same structure used for assigning values.
The simulation is not an estimate, but a genuine and live payroll calculation that uses the actual components (payroll items, calculation rules, etc.) of the real payroll. This delivers a simulated computation with all the details on earnings, deductions and contributions.
Main Features: Payroll Simulation and Budget Control.
Align costs and the workforce to forecasted business needs.
Use the current workforce and make hypothetical changes to increase job positions or simulate terminations.
Calculate various what-if situations and extract comparisons between different scenarios.
Dated information that enables the reconstruction of past situations and projects future scenarios without affecting the present.
Historical tracking and evolution even for dated calculation rules.
Calculate payroll for millions of employees in minimal time.
Automatically detect financial modifications and prepare the payroll for running retroactive calculation of all pays and employees involved.
Possibility for simulating extra pays, IT complements, compensation for years of service, etc.
Compare and analyze the results and consequences of the different what if scenarios for the same simulation.