PeopleSoft Global Payroll for Spain Business Processes
PeopleSoft Global Payroll for Spain supports these business processes:
Basic and nonbasic earnings.
PeopleSoft Global Payroll for Spain enables you to process basic and nonbasic earnings, such as base salary, seniority, complements (transportation, languages, nocturnal expenses, and festivities), and nonsalary earnings (pernocta and dietas). You can also create your own earning types and modify calculation rules for delivered earnings.
See Basic Earnings.
See Nonbasic Earnings.
Extra periods.
In PeopleSoft Global Payroll for Spain, you can define the details for the extra period payments as part of defining labor agreement information. You can define when extra periods are paid, the earnings that contribute towards the extra period payment, and the percentage of each contributing earning that is included in the payment.
Other deductions.
Other deductions, such as union fees and garnishments, are managed by PeopleSoft Global Payroll for Spain as part of the payroll process.
Overtime.
PeopleSoft Global Payroll for Spain enables you to pay overtime hours. Each organization can specify the annual, monthly, or weekly worked hours based on the maximum legal number of hours established by the Spanish government. Overtime (horas extra) occurs when an eligible payee works more than the specified number of hours. In this case, the employer should pay a surcharge on the extra time worked.
Loans and advances.
PeopleSoft Global Payroll for Spain enables you to process loans and advance payments that are made to employees through the payroll.
Social Security contributions and benefits.
PeopleSoft Global Payroll for Spain calculates the employer and employee contributions and the employer reductions and generates data for the social security reports TC1 and TC2. It includes functionality to handle Social Security funding base calculations for employees with multiple jobs or who were employed as trainees and apprentices.
PeopleSoft Global Payroll for Spain also enables you to track the disability status of employees and transmit the data to Social Security using an electronic medical report file with an .FDI extension.
El Impuesto sobre la Renta de las Personas Físicas IRPF calculation.
In Spain, the IRPF calculation varies according to the fiscal territory to which the employee reports. PeopleSoft Global Payroll for Spain delivers taxation rates for all the Spanish fiscal territories and the tax calculation process handles calculations for all these fiscal territories. PeopleSoft Global Payroll for Spain also provides you with a mechanism to produce the Model 111, Model 190, and Model 110 reports for all territories.
Absences.
PeopleSoft Global Payroll for Spain delivers predefined rules for processing absences due to vacation, illness, maternity, work accidents, and other reasons. You can easily modify many of these rules to reflect absence policies that are specific to your organization or to labor agreements that may be in effect for your employees.
Termination pay.
With PeopleSoft Global Payroll for Spain, termination pay is calculated with the payroll and includes the regular salary, extra periods, unused vacation days, and unpaid overtime. The final payment also takes into account any outstanding loans and advances, severance payment, pre-advice days that are not fulfilled, and job litigation salaries.
Payslips.
PeopleSoft Global Payroll for Spain enables you to generate payslips that you can adapt to display exactly the information that you require. You also decide how you want to display retro calculations and extra period payments.
See Setting Up Payslips.
Banking.
With PeopleSoft Global Payroll for Spain, you can define the banks that your organization uses to make payroll payments, as well as the personal banking information required to make these payments effective. This also includes IBAN information, if needed. You can distribute net pay between different banks and bank branches and different beneficiaries. PeopleSoft Global Payroll for Spain supports the CSB34 format for completing bank transfers, and includes reports that enable you to check stored bank information, as well as completed or pending transfers.
Pension plans.
PeopleSoft Global Payroll for Spain provides functionality that supports both individual and collective pension plans. You can create pension plans, assign them to employees, and generate reports that include payroll results data for pension plans, such as the Model 345.
Special collectives.
PeopleSoft Global Payroll for Spain provides functionality to manage the relationship between companies and the following special collective groups: displaced persons and expatriates, scholarship holders, preretired, and professionals. This includes functionality to manage payments, social security contributions, taxation, and reporting for each of the special collective types.