Tuesday, January 10, 2012

The Essentials (HR Payroll)

One of the essential and core functions of any hr payroll departments is the processing of time records. It does not matter what they are called, time sheets or time reports or whether the records are hand written time sheets, punched on a time clock, or created by the most sophisticated computerized time and attendance system, they are vital for producing accurate payroll.

Since the payroll information is so critical, hr department must ensure that it handles the processing in the most efficient manner and that too within the time frame. So, an hr division may decide to skip the auditing of time records in order to speed up the processing of the time records and to cut down on staff.

Hr payroll must also ensure to find a payroll system that involves the proper balance between quick processing and accurate processing to achieve an efficient and effective method of handling time records. The processing of time records is the processing of time records begins and ends outside of any system that may be used. What the hr division should be concerned with is the procedures used to capture and process the data before it ever goes into the payroll system.

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