Cycle time in business days to process the payroll

This measure calculates the number of business days that elapse between the HR/benefits system cut-off and the payroll transmit date. It is a Cycle Time measure that helps companies analyze the duration of the "process payroll" process, which consists of the payment of salaries and wages in accordance with organizational policies and government regulations, from beginning to end.

Benchmark Data

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Measure Category:
Cycle Time
Measure ID:
100152
Total Sample Size:
7,023 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
Yes
Sample image showing interactive filters for more detailed measure peer group data and an interactive graph.

Compute this Measure

Units for this measure are days.

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Cycle time in business days to process payroll from HR/benefits system cut-off to 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.

The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.

Measure Scope

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Cross Industry (7.4)

  • 9.5.1 - Report time (10753)
    • 9.5.1.1 - Establish policies and procedures (10853)
    • 9.5.1.2 - Collect and record employee time worked (10854)
    • 9.5.1.3 - Analyze and report paid and unpaid leave (10855)
    • 9.5.1.4 - Monitor regular, overtime, and other hours (10856)
    • 9.5.1.5 - Analyze and report employee utilization (10857)
  • 9.5.2 - Manage pay (10754)
    • 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)
  • 9.5.3 - Manage and process payroll taxes (10755)
    • 9.5.3.1 - Develop tax plan (14075)
    • 9.5.3.2 - Manage tax plan (14076)
    • 9.5.3.3 - Calculate and pay applicable payroll taxes (10866)
    • 9.5.3.4 - Produce and distribute employee annual tax statements (10867)
    • 9.5.3.5 - File regulatory payroll tax forms (10868)