What decisions need to be made in the payroll cycle, and what information is needed to make these decisions in the human resources management (HRM).
Following decisions are to be made in a payroll cycle:
1. New hirings;
2. Termination;
3. Promotions;
4. Change in pay rates of current employees;
5. Change in discretionary withholdings;
6. Amount to be expended on recreational activities for employees
The baove decisions could be made with the help of the following information:
1. Employee's attendace data;
2. Employee's check-in and check-out data;
3. Employee's job profile and current assignments;
4. Employee's feedback from peers and seniors;
5. Resource requirement in a particular department;
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