PY-KR Payroll Korea 

Purpose

This component enables you to run payroll for all employees in accordance with legal and business requirements.

Implementation Considerations

The Payroll Korea component should be implemented in cooperation with the project team implementing other areas of SAP Human Resources (HR), in particular Personnel Administration.

Integration

The Payroll component for Korea forms an integral part of the Human Resources component and is therefore closely linked with Time Management. It is also fully integrated with other SAP modules, such as Financial Accounting and Controlling. You can run payroll using a combination of SAP and third-party products.

Features

The SAP Payroll component enables you to perform gross and net calculations. It provides all the functions required for:

·        Payments

·        Calculate deductions

·        Year-end adjustment

·        Calculate employee and employer contributions to medical insurance, pension insurance and employment insurance

·        Pay an employee deferred payment

·        Perform a payroll run outside the usual schedule

·        Process leave accruals and calculate payments

·        Taxation

·        Report on numerous aspects of payroll, such as tax report