Cycle Time in Business Days to Process the Payroll

Published On:
February 23, 2021
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Payroll is a critical business process that requires coordination and teamwork to run effectively. Even if much of the process is digitized, automated, and outsourced, manual touchpoints could still exist in the process where employees enter and submit their hours, managers approve them, and payroll staff gather and submit data to process the payroll. This article discusses ways to decrease the cycle time for the metric "Cycle Time in Business Days to Process the Payroll" from APQC's Open Standards Benchmarking® Performance Assessment in Payroll Performance.