Compensation Rules and RegulationsLaajuus (3 ECTS)

Objective

On completion of the course the student will know how to determine monthly salaries and handle the entire payroll operation and any remunerations. The student will know where to find relevant information about employment laws, collective agreements and taxation. The student knows how to deal with compensation for expenses and fringe benefits in payroll operations. The student knows regulations for annual holidays and social benefits. The student knows how to calculate tax deductions and other statutory deductions.

Content

- determination of salaries and wages
- payroll operations
- withholding tax
- compensation for expenses, remunerations, fringe benefits, annual leave, social security contributions
- declarations to authorities

Assessment criteria, satisfactory (1)

Students have achieved the course objectives fairly. Students will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

Students have achieved the course objectives well, even though the knowledge and skills need improvement on some areas. Students are able to define the course concepts and models and are able to justify the analysis. The student is able to apply their knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

Students have achieved the objectives of the course with excellent marks. Students master commendably the course subject area’s concepts and models. Students are able to make justified and fluent analysis and to present concrete development measures. The students are well prepared to apply their knowledge in leisure, study and work situations. Students are able to analyze the business sector expertise and the evolvement of their own expertise.