HR Management and Payroll Cycle

Question 1

What is the HR management and payroll cycle?

Answer 1

The whole process from when an organisation indicates it needs to recruit a new employee through to when the employee’s contract ends.

Question 2

What is the role of HR?

Answer 2

To recruit and retain employees. They are responsible for ensuring quality staff are employed into an organisation to deliver optimal outcomes.

Question 3

What does HR Management do?

Answer 3

Is responsible for the recruiting, performance management, and termination management of all employees

Question 4

How does ERP support HR management and payroll?

Answer 4

Provides tighter linkages between revenue, production and the general ledger

Question 5

What is a Time Clock and how does it support pay roll?

Answer 5

A time clock automatically records and calculates hours worked. This minimises the risk of error and improves the accuracy in calculating hours worked - less room for employees to be over or underpaid.

Question 6

How do Online Payment Facilities support pay roll?

Answer 6

• Reduces data-entry costs (minimising the manual, labour processes associated with this)
• Minimises errors in payment
• Allows payments to be made to employees and related third parties much quicker
• Improves transparency of transactions, minimising the security issues in cash handling and cash flows

Question 7

What is the order of source documents in the payroll process?

Answer 7

job outline/selection criteria
job applications
employee details
employee employment details
timesheet
payroll
performance review
termination details

Question 8

What are the main activities in employee recruitment?

Answer 8

Employee Selection
- Key selection criteria
- Shortlist
Employee Induction
- Exception Report
- New employee form
- Tax file number

Question 9

What is the primary objective of the HR Management and Payroll cycle?

Answer 9

To ensure human capital is paid for accurately and on time

Question 10

HR staff are responsible for:

a.
choosing new employees

b.
selecting redundant staff in poor economic times

c.
managing the recruitment and retention of staff

d.
authorising positions vacant advertisements

Answer 10

d. authorising positions vacant advertisements

Question 11

What is the document that lists each employee’s gross pay, payroll deductions, and net pay in a multicolumn format is called?

Answer 11

Payroll register