Transcription of Measuring Payroll Efficiency Key Performance Indicators
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Measuring Payroll Efficiency Key Performance Indicators
Measuring Payroll EfficiencyKey Performance IndicatorsKey Performance Indicators (KPIs)Rose Howley MIPPdip Associate Director of Qualifications IPP Director of Education and Council Member -NAIPKey Performance Indicators (KPIs) Sometime Known as Key Success Indicators (KSIs) Benefits Monitor Business Performance Identifying Trends Selecting Presenting Key Performance indicator s? To measure the Performance of the department Statistical Performance of the organisation To measure the Performance of IndividualsPossible KPI s For Payroll Monitor Performance of Team Monitor Compliance with Targets Set by Organisation Within a Service Level AgreementDeveloping KPI sStep 1 Produce an analysis of yourStrengthsWeaknessesOpportunitiesThre atsKnown as a SWOT ChartStrengthsWeaknesses Accuracy of Input Handling pay Queries Keeping up-to-date with legislation Ability to do manual checksOpportunitiesThreats Introduce e-payslips Provide Payroll service Electronic Payments Company considering outsourcing Failure to send changes of personal data Company considering outsourcingEmployment Related KPI s Service Performance KPI s Handling employee s queries Employment Performance KPI s Labour turnoverService Performance KPI sPercentage Payslips
Key Performance Indicator’s? •To measure the performance of the department •Statistical performance of the organisation •To measure the performance of
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