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Hello, I was wondering if you could help me with my payroll question? 1. How does the employer’s choice of payroll cycle...

Hello, I was wondering if you could help me with my payroll question?

1. How does the employer’s choice of payroll cycle impact earnings calculations?

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Answer #1
  • Payroll cycle is the time selected by the employer for settling the wages or salary of emplyees. It may be monthly, weekly, or daily depends upon the atmosphere or working environmemt of industries.
  • It is mandatory for every employer to settle the wage or salary on timely or accurately manner for getting better services from employees and to avoid any legal difficulties in case of any delay.
  • Therefore, the employer's choice for payroll cycle and its better implication will also affects the earning calculation of organisation if there is any unnecessary deley in execution of payroll system by way of poor performance of employees and legal difficulties as well.
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