Tuesday, August 17, 2010

Payroll Processing

The one administrative process that everyone has a vested interest in is payroll. Everyone wants to be paid. People immediately notify payroll if their pay is not on time or accurate. Institutions are always pursuing ways to streamline payroll procedures and reduce their processing costs.

Implement electronic transfer of salaries to employees’ bank accounts

Combine the payroll process for both classified employees and certified faculty

Computerize the entire payroll system

Process payroll once a month

Enforce payroll/time reporting policies

Establish time and attendance reporting, linked more tightly to payroll

Mechanize or automate the time keeping systems

Outsource the majority of the payroll function and related systems to an outside vendor

Apothecary: My poverty, but not my will, consents.
Romeo: I pay thy poverty, and not thy will.

-William Shakespeare, Romeo and Juliet

Much madness is divinest sense
To a discerning eye;
Much sense the starkest madness.
’Tis the majority
In this, as all, prevails.
Assent, and you are sane;
Demur, — You’re straightway dangerous,
And handled with a chain.

-Emily Dickinson, Much Madness is Divinest Sense

KH Consulting Group (KH) started this Know-How site in 2009 to create a forum for sharing ideas on effectively enhancing revenues and containing costs in higher education in the near and longer term.

KH has posted more than 500 ideas. You can join the forum at:

Note: The ideas shared are not prescriptive and will not work in all situations or at all institutions. Some of the ideas are tactical – quick victories to save money in easy ways. Others are strategic, requiring careful analysis before implementing.

1 comment:

  1. Payroll is an unavoidable function of the company. It has to be there otherwise chaos will take place among employer and employees. It won't be possible to calculate the salary, deductions, and bonuses. So, payroll system is very important.
    Payroll Processing Services