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Explain the implication and provide a recommendation. To prepare this analysis, s use the following table...

Explain the implication and provide a recommendation.

To prepare this analysis, s use the following table structure: Weakness Implication Recommendation

Payroll cycle:

• Managers hire their own staff. No approval seems to be required.

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Answer #1
Weakness Implication Recommendation
Manager may hire the people who does not have requisite qualification The quality of work will impact. It results into financial loss. There should be recruitment policy having the details of minimum qualification, experience and other requisites
Manager may hire the people who are close to him It makes the company not viable to continue the operations. It results to personal favours. There should be independent background verification before appointment/after appointment. If there is conflict of interest, then the same should disclosed before recruitment
Manager may offer more salary than they deserve Direct financial loss to the company Based on the market trend, company should have prescribed pay scale policy. Which will eliminates the high packages and standardize the payroll process
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