Payroll Processing Accuracy Rate

Benchmarking Report

Payroll Processing Accuracy Rate

This PDF report includes benchmarking data (in a visual, chart-based format), a comprehensive KPI definition, characteristics of high performers and technical details on measuring Payroll Processing Accuracy Rate. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.


What is Payroll Processing Accuracy Rate?

The total number of processed payroll payments that are considered to be accurate (i.e., payments that contain no errors) divided by the total number of payroll payments processed over the same period of time, as a percentage.

Why should Payroll Processing Accuracy Rate be measured?

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.


Download a Sample Payroll Processing Accuracy Rate

Frequently Asked Questions

Q: How do you collect and validate your data?

A: From real-world consulting engagements with Fortune 500 leaders. We’ve spent 25 years conducting original research and anonymizing data from our engagements with top companies around the world. Every single data point we collect is scrutinized by our analysts to conform to established baselines and our rigorous in-house validation process. We won’t serve it up to you unless it meets our tough standards for utility and value.

Q: How much information will my Benchmarking Report contain?

A: Enough to produce a useful benchmark. And rest assured that it’s all current, validated, and useful. We only include data that’s been collected in the last five years. And while sample sizes vary by KPI, the average is 25, and the high end can surpass 1,000.

Q: How often do you update your reports?

A: Every year. We’re constantly gathering, scouring, and processing new data. We update our reports based on trends our analysts detect in the data, as well as the demand from our consulting clients and customers like you.

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