ipl-logo

Centralized Payroll System

1280 Words6 Pages

Research Questions
1. What is the effect of a centralized payroll service to the operations of a holding company?
2. What effect does a decentralized payroll service have to the operations of a holding company?
3. What recommendations can be drawn from this study?
Literature Review
Reed (2013) conducted a general study on the different approaches of managing employees’ payroll by holding companies. In the study, Reed (2013) recognized the fact that a bad choice between a centralized and a decentralized payroll service is one of the challenges facing holding business. Though companies have to choose only between two alternatives, whether to use a decentralized or a centralized payroll service, the decision-making process is very challenging …show more content…

This saves on costs and makes the operations faster and easier as data regarding employees’ payroll does not need to be taken through different departments.
• Avoidance of duplication— a centralized payroll service prevents occurrence of errors that are brought about as a result of use of data by many people. A centralization system allows a company to use a single version of a selected system, hence preventing inconsistency of data and tampering of information.
• Learning and control—a centralized approach to payroll provides an organizational focus for learning.
Nevertheless, the centralized payroll service has some disadvantages such as high consumption of time as information is moved up to the topmost level of the organization from various departments and companies. The flow of the information is both time consuming and costly. Moreover, the processing of data from the senior level of the holding company has to go back down the organization making the process more time …show more content…

However, unlike Reed (2013), Lander sought to find out the benefits associated with a decentralized payroll service. Lander’s study was also a general study which was not limited to any specific organization or country but focused on different companies which were picked randomly. Lander (nd) found out that centralized payroll system is more popular amongst businesses with at least 60 percent of global companies being centralized and only 15 percent of global companies being decentralized. Some of the benefits that attribute to the high usage of a centralized payroll service approach by companies include saving on costs and time and reduction of errors in the processing of data related to employees unlike in a decentralized system.
Lander (nd) further found out that though a decentralized payroll service is less popular to the centralized payroll approach, the decentralized approach has some benefits that account for its continued use by some companies such as reduced impact of failure, fewer resources required and the consequent low costs incurred, better responsiveness since the management is close to employees and better management of

Show More
Related

Nt1330 Unit 8

1003 Words | 5 Pages

For example, a data warehouse can be constructed to extract and consolidate data from various computer systems or a workflow management system can be used to coordinate activities across several offices such as who works on what activity and how long it takes them to complete a task. Another way to shorten the close process is to centralize all accounting operations in one location. This allows the company to concentrate all of its efforts on improving the efficiency of a single

Read More

Explain Why Credit Unions Are Not-For-Profit Financial Cooperatives

776 Words | 4 Pages

In addition: What makes your credit union different than a for-profit financial institution? How does your credit union demonstrate credit unions’ “people helping people” philosophy? If you ran your credit union, what is one initiative program you would implement? Joshua Flores 1/9/16

Read More

Case Study: Puckett Animal Hospital

905 Words | 4 Pages

Case Study: Puckett Animal Hospital In the case study of Puckett Animal Hospital, veterinarian Dr. Richard Puckett struggles to find the right course of action for his growing business. Rich demonstrates genuine concern for his employees, providing both hourly and salaried workers access to benefits and continuing education. Rich is forced to cut costs when an increase in minimum wage nearly double the hourly workers’ rate of pay, and. Rich has a history of investing in his employees, and this investment has paid off—his business is growing, and clients are happy.

Read More

Explain How Does The Federal Government Regulate The Economy

279 Words | 2 Pages

How does the federal government regulate the economy for the benefit of the public? Discuss specific policies and programs, including their effects. The federal government has many programs and abilities to regulate the United States economy. On of which is the fiscal policy which allows government to raise and spend money.

Read More

Right To Work States Pros And Cons

1846 Words | 8 Pages

1. Discuss the pros and cons of state right-to-work laws. How many states are right-to-work states? Is Tennessee?

Read More

Fraser Foods Case Study Assignment

1475 Words | 6 Pages

Contents Terms of Reference 2 Procedure 2 Findings 3 Current Structure 3 New Structure 4 Employee Relationships 4 Instructing Staff 5 Contingency Variables 5 Conclusion 6 Recommendations 6 References 7 Appendix A 8 Terms of Reference I am a HNC business student. I am writing this report as part of my course. This assessment covers outcome 4 of the Managing People and Organizations' class.

Read More

Fraser Foods Case Study

888 Words | 4 Pages

Terms of Reference I am a HNC business student. I am writing this report as part of my course. This assessment covers outcome 4 of the Managing People and Organizations' class. Unit F84T 34 Procedure In order to construct this report, I read the case study and highlighted information that I thought was relevant to this report.

Read More

The Pros And Cons Of A Contingent Workforce

1030 Words | 5 Pages

Throughout my report I will seek to investigate the pros and cons of operating a contingent workforce. I will look at how it affects the landscape of an organisation and the impacts it has on retaining a competitive advantage. I will also look at whether it is best practice from a Human Resource (HR) point of view and how HR can best manage to retain the knowledge these individuals have and are given while working with an organisation. A contingent workforce can be defined as ‘Is a provisional group of workers who work for an organization on a non-permanent basis, also known as freelancers, independent professionals, temporary contract workers, independent contractors or consultants.’

Read More

Personnel Budgeting In Business

1639 Words | 7 Pages

Budgeting can be defined as a solid process to decide the estimate of revenue and expenditure for the specific time period. This definition of budget serves for all, country, city, state, business or personal matter. It is observed that, each successful company never moves forwards without deploying budget process (Al-Shawabikah, 2000). So, talking about Personnel Budgeting, it is one of the crucial aspects of any business to keep labor or personnel budgeting in the mind at the start and end of the year to maintain or increase productivity and profitability of the business.

Read More

Business Ethics Case Study: What Is Foxconn's Ethical Issue?

803 Words | 4 Pages

Therefore, to the workers, working overtime would bring out results in not only monetary values but also emotional values of the satisfaction. This solution can only be made possible with the cooperation of the respective head departments to organize such valuable activities. Simple does not mean ineffective, simple works just

Read More

Blackberry Case Study

1147 Words | 5 Pages

INTRODUCTION It was claimed that “Innovation knows no boundaries or borders” at Blackberry Limited, formerly known as Research In Motion (RIM). The company was founded in 1984 in Waterloo, Ontario, by a 23 years old Michael Lazaridis and Douglas Fregin. Douglas has been described as right hand and childhood friend of Mike Lazaridis. The two met in grade school and stayed friends right through high-school graduation. Lazaridis has been studying electrical engineering and had dropped out of the University of waterloo.

Read More

The Competitive Advantage Of Fedex

2932 Words | 12 Pages

Consensus Judgement Experienced managers agree that there is probably a worthwhile benefit to go for, their views deserve to be heard. For FedEx, we can establish some kind of coffee morning once every week for managers to have sharing knowledge. Use video conference to eliminate the distance problem and we can gather managers in all over the country. c. Championing Strong and enthusiastic champions are important for the effective implementation of new intervensions. In Indonesia we have Gen-Y generation community comprised young staff age 22-33 year old.

Read More

Check In System Case Study

842 Words | 4 Pages

Performance reviews give way to ‘Check-In’ system at Adobe Performance reviews have been followed in most companies across the world since the 1930s. However, this process came under a cloud of criticism several times. According to Bob Sutton, a business management professor at Stanford University, the process of employee ranking leads to an environment that creates unethical competition among employees, thereby killing their morale. So, quite naturally, Donna Morris—Senior Vice President of People and Places at Adobe—was upset about the company’s age-old performance review system.

Read More

Organizational Structure Of Apple Inc

920 Words | 4 Pages

High degree of responsiveness of between various functional head and CEO. 2. Inter department decision making is smooth i.e. the functional heads can make decision based on other functions smoothly. 3. Centralized controlling system.

Read More

Cultural Diversity Report

1574 Words | 7 Pages

This may lead to have poor morale as well as wastage of time in the business contracts and agreements (ft,

Read More

More about Centralized Payroll System

Related Topics

Open Document