HAPTER 13 The Human Resources Management / Payroll

Transcript:HAPTER 13 The Human Resources Management / Payroll:
HAPTER 13 The Human Resources Management / Payroll Cycle INTRODUCTION Questions to be addressed in this chapter include: What are the basic business activities and data processing operations that are performed in the human resources management (HRM)/payroll cycle? What decisions need to be made in this cycle, and what information is needed to make these decisions? What are the major threats and the controls that can mitigate those threats? INTRODUCTION The HRM/Payroll cycle is a recurring set of business activities and related data processing operations associated with effectively managing the employee workforce. INTRODUCTION The most important tasks performed in the HRM/payroll cycle are: Recruiting and hiring new employees Training Job assignment Compensation (payroll) Performance evaluation Discharge of employees (voluntarily or involuntarily) Payroll costs are also allocated to products and departments for use in product pricing and mix decisions. INTRODUCTION The most important tasks performed in the HRM/payroll cycle are: Recruiting and hiring new employees Training Job assignment Compensation (payroll) Performance evaluation Discharge of employees (voluntarily or involuntarily) Payroll costs are also allocated to products and departments for use in product pricing and mix decisions. These two tasks are normally done only once for each employee. INTRODUCTION The most important tasks performed in the HRM/payroll cycle are: Recruiting and hiring new employees Training Job assignment Compensation (payroll) Performance evaluation Discharge of employees (voluntarily or involuntarily) Payroll costs are also allocated to products and departments for use in product pricing and mix decisions. These tasks are done repeatedly as long as the employee works for the company. INTRODUCTION The most important tasks performed in the HRM/payroll cycle are: Recruiting and hiring new employees Training Job assignment Compensation (payroll) Performance evaluation Discharge of employees (voluntarily or involuntarily) Payroll costs are also allocated to products and departments for use in product pricing and mix decisions. In most companies these six activities are split between a payroll system and an HRM system. INTRODUCTION The most important tasks performed in the HRM/payroll cycle are: Recruiting and hiring new employees Training Job assignment Compensation (payroll) Performance evaluation Discharge of employees (voluntarily or involuntarily) Payroll costs are also allocated to products and departments for use in product pricing and mix decisions. The payroll system handles compensation and comes under the purview of the controller. INTRODUCTION The most important tasks performed in the HRM/payroll cycle are: Recruiting and hiring new employees Training Job assignment Compensation (payroll) Performance evaluation Discharge