Human Resources Management

The Human Resources Management and Payroll Cycle

The Human Resources Management and Payroll Cycle

Introduction

Human Resource Management and Payroll functions are one of the most key functions performed by a small or large organisation. In today's business world HRM and Payroll are being outsourced, yet some organisations are still reluctant to do so completely. This is for various different reasons like cost savings, risk association, loss of control, or the potential of political or employee/union repercussions. However, these fears can be unfounded, so that the organisation is denying the opportunity for HRM to add value rather than just be seen as an operational overhead. HRM strategy and procedures for dealing with absenteeism can add significant value with measurable cost benefits (uk.atos.net).

Skip-rope manufacturing company has not done for any sort of outsourcing. HRM and Payroll both are performed by making effort on their own and no assistance is taken from any other service providers accept using softwares from the external sources (www.unit4software.com).

General issues throughout entire HRM/ payroll cycle

Is the company is having any sort of inaccurate or invalid master data?

In the research by Jereb et al, (2009) there are three categories of the selected as the reference parameter, making payroll functions comparable based on cost. The personnel costs, which consist of the salaries and benefits, infrastructure cost which consist of the IT systems used for payroll system and third costs which are costs for 3rd party providers and things like pay check printing services and so on (Jereb et al, 2009).

No, Skip-rope manufacturing Company is keeping a very good track of all of its master data. This is done through implementing data processing integrity controls. The data entered in all though the electronic procedures. All the employees have to enter their thumb impression on the entrance which marks their attendance and also their timings. This data is only reachable by the payroll staff and before distributing the final checks or depositing the amount in the payroll account; an email is shared with each and every employee. In this email their attendance are mentioned and in case of any discrepancy they are asked to reply and request for re-imbursement of the amount. The wages are updated after reviewing the discrepancies and only valid reasons are entertained. In case of any vagueness or erroneous statement the worker can also be called for a short meeting with the payroll staff and solving the matter.

Is there any kind of unauthorized disclosure of sensitive information?

No, Skip-rope manufacturing Company is maintaining a proper check and balance system and control policies in the system. The company has made it sure that the information is not leaked from any source which might affect the organisation's information disclosed in the industry. The information regarding any particular employee is also not disclosed by the system to some other employee; doing so might cause various kinds of issues within the organisation's control system.

Encryption is basically converting the data in a manner that it us no more understandable for unauthorized ...