Term
| human resources management (HRM)/(payroll) cycle |
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Definition
| the recurring set of business activities and related data processing operations associated with effectively managing the employee workforce |
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Term
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Definition
a document that records the employee's arrival and departure times for each work shift
records the total hours worked by an employee during a pay period |
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Term
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Definition
| a listing of payroll data for each employee for the current payroll period |
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Term
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Definition
| a report listing the miscellaneous voluntary deductions for each employee |
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Term
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Definition
| a report listing the amount of gross pay, deductions, and net pay for the current period; year to date totals for each category are also listed |
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Term
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Definition
a plan under which each employee receives some minimum coverage in medical insurance and pension contributions plus additional benefit "credits" that can be used to acquire extra vacation time or additional health insurance
the planes are sometimes called cafeteria-style benefit plans because they offer a menu of options |
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Term
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Definition
| an organization that maintains the payroll master file for each of its clients and performs their payroll processing activities for a fee |
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Term
| professional employer organization (PEO) |
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Definition
| an organization that processes payroll and also provides HRM services such as the design and administration of employee benefits |
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Term
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Definition
| a general ledger accounts used to check the accuracy and completeness of recording payroll costs and their subsequent allocation to appropriate cost centers |
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