Cycle time in business days to process time record data and enter into payroll system

This measure calculates the number of business days that elapse between receiving a time record from the employee and entering the data into the financial system that calculates employee wages based on factors such as taxes, vacation, salary, and withholding amounts. It is a Cycle Time measure that helps companies analyze the duration of the "report time" process from beginning to end.

Benchmark Data

Lock

Sorry! Not all users have access to all of our resources.

Want to unlock access to all of our resources?

Learn about Membership Arrow with stem

Measure Category:
Cycle Time
Measure ID:
100540
Total Sample Size:
1,298 All Companies
Performers:
25th
-
Median
-
75th
-
Key Performance
Indicator:
No

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.

Back to Top

Cycle time in business days from receiving the time record from the employee and entering the data into the payroll system

Key Terms

Back to Top

Cycle Time

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

Back to Top

Cross Industry (7.3.1)

  • 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)