Our cut off for 15th is from 25th to 10th and for the 30th pay day it's 26th to 10th but it seems that still we encounter time constraints.
2007-03-11 20:14:07 · 4 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
Your cut off for the 15th should be like the 9th, and for the 30th it should be somewhere around the 25th.
What kind of time restraints, what ever is not processed by the 9th does not get paid out until the next pay period... right?
2007-03-11 20:19:30 · answer #1 · answered by Kat 5 · 0⤊ 0⤋
My suggestion is to change to bi-weekly. It eliminates "floating" pay dates, meaning pay day is always a different day of the week. Plus it can fall on a weekend which will either "pull it in" or "push it out" depending upon your company policy. In either case it's just more confusing and makes it difficult to create standard operating procedures for payroll processing.
In any case, assuming the problem is not your company's ability to pull together the time sheets (incidentally there's another problem with semi-monthly - a different number of works days in each pay period) any payroll company should be able to receive your payroll information and turn around paychecks using the following rule: payroll must be submitted no later than pay date minus two days. For example - for a Friday pay date payroll must be submitted by EOD Wednesday. If they can't meet these criteria, I'd suggest finding a different payroll service.
2007-03-12 18:31:58 · answer #2 · answered by Dennis D 2 · 0⤊ 0⤋
That is the nature of doing payroll. By law you have to pay on a certain date. And it is always crunch time. Best thing to do,if possible, is to hire another person to help process the payroll.
2007-03-12 03:21:50 · answer #3 · answered by Aliz 6 · 0⤊ 0⤋
It seems to me no organization needs more than five days lead time to process and deliver payroll. This is 2007.
2007-03-12 03:20:01 · answer #4 · answered by Beejee 6 · 0⤊ 0⤋