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ABSTRACT
This project research on the topic
“Design and Implementation of staff remuneration system” is aims at making the
reader to understand the need of making or paying employees entitlement timely
without deficiencies. Before now the process of staff payment or remuneration
in an organization was highly flawed and filled with anomalies such as
duplicate payments staff, amiss of staff naming during vetting process,
miscalculation of staff monetary benefit, delay in concluding the general
process and lots more. But with the advent of this new system it is certain
that the above name challenges has been effectively brought to rest. Also
included in this research work are a brief overview on remuneration, types of
remuneration, which are commission, salary and wage. Furthermore, types of
reward objective of remuneration which include attraction good work
performance, commitment and finally, the concept of direct and indirect pay.
CHAPTER
ONE
INTRODUCTION
Remuneration is the monetary
compensation that one receives exchange for the work or services performed.
Typically, this consist of monetary rewards, also referred to as wage or
salary. A number of complementary benefits, however, the increasingly popular
remuneration mechanism. Thus it is financial compensation received by a
officer/employed/staff of an organization. It typically a metric of salary,
bonuses, shares of and/or call options on the company stock, benefits, and
perquisites, ideally configured to take into account government regulations,
tax law, the desires of the organization and the executive and rewards for
performance. The past decades starting with the 1980’s saw a dramatic rise in
executive pay in the country relative to that of overage workers wage in
Nigeria, and to lesser extent in a number of other countries. Observers differ
as to whether this is a natural and beneficial result of competitive for scare
business talent that can add greatly to stock holder value in large
companies/organizations. In a modern corporation Chief Executive Officers (CEOs)
and other top executives are often paid salary plus short-term incentives or
bonuses. This combination is referred to as total cash compensation (TCC).
Short-term incentives usually are formular-driver and have some performance
criteria attached depending on the role of the executive.
1.1
Theoretical Background
Adequate and effective payment of
staff remuneration, salaries, allowances, entitlement or emolument has been a
great source of concern challenge over the years especially in Ritman College,
Ikot Ekpene. Challenges such as duplicate payment of remuneration to a staff,
wrong calculation or arithmetics when competing the total remuneration to
staff. Possible tampering of staff benefits of those competing the payments,
time compilation, in the general process of compilation, possible omission of
mistake of inclusion of staff names and lots more. But this new system after
implementation will bring all the above mentioned challenges and the likes to
rest, and also improve and increase the spirits and confidence of managers,
staff at various levels or organization as it regards security, efficiency and
effectiveness in all the remuneration processes.
Statement of the Problem
As mentioned previously, great
problems have been seen when processing the remuneration of staff in
organization/institutions, such as time delay or factor, duplicate payment of
entitlement, intrusion to individuals/staff account. The problem of familiarity
with the existing system which has made users to endure the general problems
been encountered or experienced with the system. The problem of possible
Ostracization or omission of staff name or identify when recording the
remuneration.
Aims and Objectives of the Study
The aim of this research is to design
and implement a system for the analysis of staff remuneration. The objectives
of this study includes:
To develop a system that will be used
for the analysis of staff remuneration.
To create a new technology that will
have a long standing and positive effects in the management of staff
entitlements.
To developed a system that will
prevent the incessant tampering/attempt of staff money.
To identify the short coming connected
to the existing method.
Significance of the Study
The significance pf the study
includes:
It would help reduce the level of
intrusion existing in our organization of management.
Managers/users of the system will fell
or experience utmost relieve and convenience when using the system as it
regards timeliness in all the process.
It would help sanitize our companies,
institution and organization of duplicate payment of staff.
It would help to calculate the general
allowance, salaries to staff.
Scope of the Study
The scope of this research cover the
analysis of staff remuneration system, with reference to Ritman College as the
case study in Ikot Ekpene.
Organization of the Research
This project work is divided into five
chapters. Chapter one starts with the introduction, theoretical background, statement of the problem, aims and objective
of the study, scope of the study, organization of the research and definition
of terms. Chapter two focuses on the review of related literature, chapter
three is concerned with the system analysis and design implementation and
documentation which are system design diagram, choice of programming, analysis
of modules, programming environment, hardware/software requirements and
implementation. Chapter five contains summary, conclusion, constraint of the
study and recommendation.
Definition of Terms
Barter: To exchange goods or services
in return for other goods or services.
Contract: A formal or legally bonding
agreement.
Extrinsic: Not an essential part of
something, coming or operating from outside something.
Intrinsic: A basic essential part of
something as one of it’s features.
Periodic: Occurring or appearing at a regular intervals in regular cycles.
Retirement: The act of leaving a job
or career at or near the usual age for doing so, or the state of having left a
job or career.
Remuneration: A payment or reward for
losses sustained or in convenience.
Subsidize: to reduce the cost of
something by providing a subsidy or a monetary gift/contribution to somebody or
something, especially to pay expenses.
TOPIC: DESIGN AND IMPLEMENTATION OF STAFF REMUNERATION SYSTEM
Format: MS Word
Chapters: 1 - 5
Delivery: Email
Delivery: Email
Number of Pages: 65
Price: 3000 NGN
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