Payroll KPI
Payroll KPIs in key performance indicators of financial management
1. Cycle time to process payroll
2. Cycle time to resolve payroll errors
3. % of payroll disbursements that include retroactive pay adjustments
4. Average overall cost of producing a payslip per pay run.
5. % of untimely payroll payments: Number of payments that are not made or made to late to employees as % of total payments to employees.
6. Timeliness in submission of statutory returns: Instances wherein statutory returns are submitted within the prescribed time
7. Payment errors as % of total payroll disbursement
8. % of manual payroll payments
9. Instances of filing of accurate statutory returns: No of instances where statutory returns filed with the authorities are accurate
10. Systems cost of payroll process as % of total payroll cost
Related documents:
• All financial KPIs
• KPI examples (all examples key performance indicators)
• KPI ebooks (download free and ref all ebooks related to KPI application).
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