The project in five facts.
Challenge, approach and results.
With the declaration of the COVID-19 infectious disease epidemic on 12 March, many employers found themselves in a previously unknown situation. Many of them were no longer allowed to carry out their activities and suddenly no longer had a workplace for their employees, whilst at the same time losing their income. Companies used all of this in actually resolving difficulties during the epidemic. The state helped private sector companies (companies for which payroll is calculated in their accounting service) very much during this period, as it contributed more than one fifth of the funds for the payroll mass. The measure exempting payment of pension and disability insurance (PIZ) contributions enabled assistance also to companies that operated without disruption (almost half in their database).
Problem
With the declaration of the COVID-19 infectious disease epidemic on 12 March 2020, many employers found themselves in a previously unknown situation.
Many of them were no longer allowed to carry out their activities and suddenly no longer had a workplace for their employees, whilst at the same time losing their income. How the state would help was very unclear at the beginning of the epidemic, as the state itself was also facing major difficulties in the newly arisen situation. Work in the accounting service increased greatly in the area of payroll accounting.
Companies wanted information regarding handling of employees (how and when to send them on standby, about working from home, etc.). They also wanted to know how this would affect them financially (how much they must pay workers, how much the state would reimburse them, how the state would reimburse them, etc.).
Solution and Method
Companies used all of this in actually resolving difficulties during the epidemic. Monitoring intervention legislation demanded great concentration and searching for information across various databases of state institutions. Because laws were also adopted retroactively, there was much confusion.
Technical implementation of payroll accounting during this period was demanding and greatly increased with new types of income. From one payroll calculation for the month of February, in the month of March they could carry out up to five calculations for a company with the same number of employees. Support from a good information system for payroll accounting enabled them to manage all this additional work.
Results
The state helped private sector companies (companies for which payroll is calculated in their accounting service) very much during this period, as it contributed more than one fifth of the funds for the payroll mass. The measure exempting payment of pension and disability insurance (PIZ) contributions enabled assistance also to companies that operated without disruption (almost half in their database). These companies saved 5.25% of the necessary funds for wages with this measure alone.
If companies also utilised other measures, they saved as much as 6.68% of the necessary funds for wages from this measure. Companies received the most funds under the heading of reimbursements for waiting for work (55.92%), followed by the net effect of exemption from PIZ contributions (31.11%) and compensation for utilising force majeure/quarantine (11.39%). Sick leave under Article 56 is negligible (0.85%), as it depends on the health condition of employees.
Benefits from sending employees to reduced working hours were received in the smallest amount (0.72%), as they have only been valid since June 2020.
Module, programme and stories.
Your diploma project for a real company.
A diploma thesis at Academia solves a challenge from a company – often the one where you do your 800 hours of placement. Read about the Računovodstvo module or book a consultation.