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  3. Pay and margin

Pay and margin

Payroll basis and margin from the same numbers.

The hours on the time sheet, the leave and the salaries are already in Hedda. So the payroll basis is ready without anyone moving data across, and the margin per engagement is right before the month is even booked.

A payroll basis every month, for any payroll system

Payroll runs in two steps: first the hours are locked, then the pay is finalised. Hedda works out base salary, variable pay, absence deductions and tax, so what goes to your payroll system is already right.

Lock the hours

Submitted time is locked before the payroll run and can be downloaded as Excel, with a column per absence type.

Variable pay

Commission, bonus, overtime, corrections and manual pay lines on the same basis.

Tax and employer contributions

The Swedish Tax Agency's tax tables are fetched every year, so withholding tax and employer cost come out right.

Salary reviews and compensation

The salary review builds on what is already there: scores from performance reviews and a budget. Employees, in turn, see what different choices mean for their take-home pay.

Salary reviews through the approval chain

Split a budget by review scores, for one person or a whole department, and send the proposals on for a decision.

Salary exchange and equity salary

Salary exchange and equity salary are counted in the payroll basis and in the employee's calculation.

Pay calculator

Take-home pay with a comparison against ITP 1 and a pension forecast.

Margin per engagement and consultant

Revenue, personnel cost and gross margin per company and engagement, by month, quarter or year. Until the month closes it is a forecast, after that the actuals.

A forecast until the month closes

The plan and the time sheets give a forecast that holds even mid-month.

Month close

The project manager closes the engagement and payroll locks the hours. Billing basis and payroll basis from the same numbers.

Your cost model

Decide how a consultant's cost is counted, so the margin reflects how you actually work.

Common questions

Common questions about pay and margin

Does Hedda run payroll and send payslips?

No. Hedda produces a finished payroll basis, and the payroll run and payslips happen in your payroll system as usual.

How does the payroll basis get into our payroll system?

If you use Fortnox, variable pay and absence go straight across, mapped to your existing pay types. Otherwise, export the payroll basis as Excel.

Who can see salaries and margins?

Only the people you grant it to. Seeing margin and seeing salary are two separate rights, and being a manager confers neither.

More in Hedda

The same person, across the rest of the company.

Everything you need to know about your people already exists. It just lives in too many places.

Leave your details and we'll get back to you as soon as we can to book a time. The demo runs live in Hedda, so you see how it actually works.