Payroll Processing Accuracy Rate

Metric Details & Benchmarking Report Download

KPI Benchmarks : Payroll Processing Accuracy Rate

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  • Benchmark Average
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KPI Details : Payroll Processing Accuracy Rate

Payroll Processing Accuracy Rate measures the efficiency with which a company’s payroll employees process payroll payments. A lower than average value for this metric may be attributed to several factors: highly manual (i.e., error and rework prone) payroll payment processing practices (e.g., manual data entry, etc.), inefficient payroll payment processing policies (poor payroll data governance, unstandardized payroll submissions, etc.) and sub-par employee training and performance. Each of these factors can lead to prolonged payroll processing cycle times which directly impacts employee dissatisfaction and turnover rates.

KPI Best Practices : Payroll Processing Accuracy Rate

KPI Calculation Instructions Payroll Processing Accuracy Rate?

KPI Formula :

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