ACCG250 Lecture Notes - Lecture 7: Timesheet, Time Clock, Performance Management
18 Nov 2018
School
Department
Course
Professor
Document Summary
The hr management & payroll cycle typically consists of all events that are involved in: The hiring of employees and maintaining personnel records. Generating reports and statements that are required by both internal & external users. In order to achieve overall business objectives, the hr management and payroll cycle needs to be well designed and tightly controlled. The primary responsibility of this cycle is to ensure that human capital is paid for accurately and on time. Strategic implecations of the hr management and payroll cycle: A well controlled hr management & payroll cycle can provide a competitive advantage by paying employees accurately and in a timely manner. The most important organisational issue is successful alignment of the hr management and payroll cycle (cid:449)ith the organisation"s (cid:448)ision, culture, goals and strategy. Technologies underpinning the hr management & payroll cycle: Improves the integration of enterprise - wide data. Data and the hr management & payroll cycle.
