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
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Learn about MembershipMeasure Category:
Cycle Time
Measure ID:
100540
Total Sample Size:
1,581 All Companies
Performers:
| 25th | Median | 75th |
|---|---|---|
| - | - | - |
Key Performance Indicator:
No
Compute this Measure
Units for this measure are days.
Cycle time in business days from receiving the time record from the employee and entering the data into the payroll system
Key Terms
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.