This measure calculates the number of business days that elapse between the time period cut-off for employees and the date that payroll is disbursed to employees and direct deposit accounts for those specific hours. It is part of a set of Cycle Time measures that help companies analyze the duration of the process "manage pay" process from beginning to end.
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Cycle time in business days between the time period cut-off for employees and the payroll transmit date
Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.
Full-time Employee, Part-time Employee, and Temporary Employee
For the purpose of this survey, a regular full-time employee is hired for an indefinite period of time and is normally scheduled to work forty hours per week. Appointment is continuous, subject to satisfactory performance and availability of funding.
For the purpose of this survey, a regular part-time employee is hired for an indefinite period of time and is scheduled to work less than forty hours per week.
A temporary employee is employed for a finite period of time, to fulfill a time-limited role, or to fill the role of a permanent employee who is absent from work. The length of time an employee can work for the organization and be considered a temporary employee may be governed by employment legislation.