Which payroll updating and evaluating action do human resource managers need to perform regularly?
A.
Determine how often to pay employees, as this can vary.
B.
Develop a time-keeping system for employee's hours.
C.
Check that employees are being paid regularly and at the correct rate.
D.
Develop a system for distributing employee's paychecks.
C. Check that employees are being paid regularly and at the correct rate.
C. Check that employees are being paid regularly and at the correct rate.
The correct answer is C. Check that employees are being paid regularly and at the correct rate.
Human resource managers need to regularly perform the action of checking that employees are being paid regularly and at the correct rate. This is an important responsibility to ensure that employees are receiving their wages on time and accurately. To perform this action, human resource managers should review payroll records and verify that all employees are being paid according to their employment contracts, relevant laws, and company policies.
To explain how to check that employees are being paid regularly and at the correct rate, here is a step-by-step process:
1. Gather payroll records: Collect all relevant payroll records, including timesheets, attendance logs, and any other documents that track employee hours and rates of pay.
2. Review employment contracts: Review the employment contracts of each employee to determine their agreed-upon rate of pay, as well as any applicable terms related to overtime, bonuses, deductions, or other factors that may impact their wages.
3. Verify hours worked: Cross-reference the hours worked by each employee with the records from the time-keeping system or any other sources that track employee working hours. Ensure that all hours are accurately recorded and accounted for.
4. Calculate wages: Use the verified hours worked and the applicable rate of pay to calculate each employee's wages. Include any overtime, bonuses, or other factors that may impact their earnings.
5. Check for errors or discrepancies: Thoroughly review the calculations to identify any errors or discrepancies. This can include missing hours, incorrect rates of pay, or any other inconsistencies that may affect the accuracy of the payroll.
6. Rectify any issues: If any errors or discrepancies are found, take the necessary steps to rectify them. This may involve adjusting the payroll records, recalculating wages, or addressing any other issues that arise. Ensure that any necessary adjustments are made before finalizing the payroll.
7. Follow legal and regulatory requirements: Human resource managers should also ensure that the payroll practices comply with applicable laws and regulations. This includes factors such as minimum wage requirements, overtime regulations, tax withholdings, and any other legal obligations related to payroll.
By regularly performing this payroll updating and evaluating action, human resource managers can ensure that employees are paid accurately and in a timely manner, which is essential for maintaining employee satisfaction and complying with legal requirements.