Cycle time in business days from the payroll system cut-off date until payroll transmit date

This measure calculates the number of business days that elapse between the final date that changes can be made to the payroll system (e.g., report time, paid and unpaid leave, garnishments, etc.) for inclusion in the period payroll run and the date that payroll is disbursed to employees and direct deposit accounts. 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.

Benchmark Data

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Measure Category:
Cycle Time
Measure ID:
100536
Total Sample Size:
1,081 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
No

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Compute this Measure

Units for this measure are days.

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Cycle time in business days from the payroll system cut-off date until payroll transmit date

Key Terms

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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.

Measure Scope

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Cross Industry (7.3.1)

  • 9.5.2.1 - Enter employee time worked into payroll system (10858)
  • 9.5.2.2 - Maintain and administer employee earnings information (10859)
  • 9.5.2.3 - Maintain and administer applicable deductions (10860)
  • 9.5.2.4 - Monitor changes in tax status of employees (10861)
  • 9.5.2.5 - Process and distribute payments (10862)
  • 9.5.2.6 - Process and distribute manual checks (10863)
  • 9.5.2.7 - Process period-end adjustments (10864)
  • 9.5.2.8 - Respond to employee payroll inquiries (10865)