Study Guide

Objectives (course unit)

The course deepens the students’ knowledge of calculation of pay and familiarizes them with different salary systems.

After completing the course the students
- have mastered the calculation of pay according to essential laws
- know the impact of entrepreneurship in payroll issues
- are able to apply the terms of collective agreements in calculation of pay
- are able to apply the different conditions of contracts in calculation of pay
- are familiar with some payroll software and understand their operational principles
- are familiar with different ways of rewarding personnel and know how these are taxed.

Content (course unit)

How are the salaries for employees calculated?
How to recognize who is in the position of an entrepreneur and what needs to be taken into account when calculating a salary for an entrepreneur?
How is overtime determined and compensated, according to law or collective agreements?
How are holiday pays determined and compensated, according to law or collective agreements?
What obligations does an employer have during sick leaves or parental leaves of employees?
How can the salaries for employees be calculated utilizing payroll software?
What different kinds of methods can be used in rewarding personnel?

Assessment criteria, satisfactory (1-2) (course unit)

The student knows the main factors affecting to payroll management and is able to perform payroll
calculation in familiar conditions. They know the most typical modes of how collective agreements af-fect salaries and can utilize this knowledge in familiar cases.
The student manages to use a payroll software in familiar conditions. They know some ways to
reward personnel in organizations.

Assessment criteria, good (3-4) (course unit)

The student understands the principal factors affecting to payroll management and is able to
apply the acquired knowledge in typical practical situations of payroll management and salary
calculation. They know how the collective agreements affect salaries, and can interpret
the terms of collective agreements in usual situations. The student can use some payroll software
according to instructions. They know the main ways to reward personnel and can somewhat
develop the rewarding process in organizations.

Assessment criteria, excellent (5) (course unit)

The student understands the factors affecting to payroll management and is able to apply the
acquired knowledge in different practical situations of payroll management and salary calculation.
They know how the collective agreements affect salaries, are able to interpret collective
agreements and to utilize that information in different situations.
The student has mastered some payroll software. They know how personnel can be rewarded and are able to develop the rewarding processes in organizations.

Assessment scale

0-5