0514 payroll process flowchart powerpoint presentation

“The biggest thrill wasn’t in winning on Sunday, but in meeting the payroll on Monday,”  Art Rooney, US football player.

What is a business without an efficient system of Payroll Processing? A business establishment deals with tasks and responsibilities, including compensating employees which is of major importance. Payroll processing, when done right, is an employee retention strategy. This helps companies stay safe from legal consequences. On the other hand, paying employees unfairly can hurt employees’ sentiments and discourage them from performing their work.

To learn more about the employee management system, check this PPT Slide!

By using a streamlined payroll processing system, HR professionals ensure that they pay employees correctly, thereby keeping them happy and motivated. For an explanation of the Payroll System Service Implementation Process, check out the special slide. Click here!

Payroll Processing differs from company to company. Certain organizations may hire a specific person to manage and administer their payroll internally. It might also delegate the task to human resources. At the same time, some companies hire an external entity or use a platform to automate their payment processing or accounting requiring minimal internal monitoring and effort. To know more on the payroll accounting process, click here!

The procedure of Payroll Processing is an essential but complicated business process. It includes steps, for example, setting up salary structures, collecting employee data, etc. So, a lot of times there can be errors in calculation.

A flow chart can be designed to ensure that the payroll procedure works well and satisfies all stakeholders. Flowcharts, in general, are good tools to visualize and document business processes. This is especially true in payroll processing, where a lot of questions have only Yes/No answers. Creating a PowerPoint Presentation with a flowchart template helps you showcase steps involved in the payroll process for employees, managers, or executives.

You can use a good Flowchart PPT Slide template offered by SlideTech Systems to make your work easier. Let us now have a look at the template for a better understanding:-

Template 1 - Payroll Process Flowchart

Use this slide to prepare the flowchart for your payroll processing. Here, you can see five columns with titles mentioned as Human Resources, Employee,Manager, Payroll, and Payroll Vendor.

In this PPT Slide, under Human Resources, there is ‘personal information of all employees’ which is a significant aspect of conducting the payroll process. Moving on from the HR column, under Employees, there is a payroll period. This is a time frame used to calculate the earned wages. This is contingent on company policies and industry standards. The payroll periods could be bi-weekly, semi-monthly, and its decision depends on what works becomes a win-win for both the employer and the employees. Having a regular payroll period makes the accounting processes simpler.

The next section of the flowchart slide showcases the manager’s review and approval as needed.Without approval of the manager the payroll process cannot be complete. The Payroll column demonstrates All Employees Reported? Contact Employees Who Didn’t Report Hours, Start Review Process, Send Data To Payroll Processor, etc. Finally, under Payment Vendor there is Process Payments which suggests the completion of Payroll Processing.

PS  Provide a structured framework for calculating the payroll of your company. Check out the best template to streamline and explain the payroll process.