Chapter 15 Flashcards
the recurring set of business activities and data processing operations associated with effectively managing the employee workforce.
human resources management/payroll
software that stores and organizes expertise possessed by individual employees so that the knowledge can be shared and used by others
knowledge management systems
a document that records the employee’s arrival and departure times for each work shift
time card
a data entry screen (or paper document) used by salaried professionals to record how much time was spent performing various tasks for specific clients
time sheet
a listing of payroll data for each employee for a payroll period
payroll register
a report listing the miscellaneous voluntary deductions for each employee
deduction register
a report listing the amount of gross pay, deductions, and net pay for the current period and the year-to-date totals for each category
earnings statement
a general ledger account used to check the accuracy and completeness of recording payroll costs and their subsequent allocation to appropriate cost centers.
payroll clearing account
a plan under which each employee receives some minimum coverage in medical insurance and pension contributions, plus additional benefit “credits” that can be used to acquire extra vacation time or additional insurance. These plans are sometimes called cafeteria-style benefit plans because they offer a menu of options
flexible benefits plan
an organization that maintains the payroll master file for each of its clients and performs their payroll processing activities for a fee
payroll service bureau
an organization that processes payroll and human resource management services such as employee benefit design and administration
professional employer organization (PEO)
