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13 Cards in this Set
- Front
- Back
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objectives of payroll system
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compliance
issue pay check on time & accurately record keeping prepare internal report cost saving gurantee the security |
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reasons for integration
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streamline payroll, HR, benefit
the lack of complete date in single system improvement of existing system are not possible providing a secure database |
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advantages of integration
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eliminates double date entry
make better use of staff eliminate timing issues; reduce data discripance |
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Alternatives of payroll system
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service provider: out source
In-house custom design software In-house vendor software Combination of all |
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Pros & Cons of Custom software
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controll/ convient access/need met/security/flexibility/interactive application
High cost, space needed, additinal staff/working below capacity/system obsolescence/Disaster recovery a must |
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Pros & Cons of vendor software
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use it right away/ low cost/ease of use/yearly updates
need not met, not fit, slow change |
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Pros & Cons of outsourcing
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Low fixed cost/no extra room or EE/new services can be added/networking/training & support
lack of control, security/responsibility for error/late change/high variable cost/no control over breakdown |
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system documentation
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schedules
time entry adjustment check calculations payroll history production cycle taxes employee data base management reports |
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system documentation not include
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policy or techinical material
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Security for the system: personnel concerns
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segregation of job duties
rotation of job assignment paychecks go only to EE conduct physical payouts backgroup checks |
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system security
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limited access
secure files-only EE with authorization hae access to payroll audit trails protect against virus back up regularly and store off site. |
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physical plant issues
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climate control rooms
overheating do not store in cold area protect against power surges keep dirt out humidity down check for adequate power |
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disaster recovery
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find interim office space
arrange office equipment rental find temp housing for ee keep backup files off premise ee safty uppermost communicate the plan electronic vaulting-dubblic |
