Gathering Types of Salary Information
Posted by Steven in Gathering Types of Salary Information
Payroll information always should require some form of proof before checks can be administered, even if it’s just a monthly sheet loosely listing work days, sick days, vacation time taken, and travel days. That’s part of your company’s internal audit system. But different types of compensation for different types of employees require different levels of monitoring, and thus have different mechanisms for proving hours spent on behalf of the company.Professional employees, it is assumed, do their job because they are trained to and represent a higher level of responsibility within the company. Generally speaking, a monthly time sheet outlining the various types of “days”- work days, sick days vacation days, travel days-is usually enough. If they’re not performing, their work will show it and a time sheet usually isn’t enough of a measurement tool to bring them to heel.
Hourly employees- the clock-punchers we talked about earlier-tend to work at a lower and more closely supervised level. They may not actually punch a clock, but a more detailed record of their work times and comings and goings is preferred. Pay for overtime and holidays, if offered, will be awarded based on pre-established standards a multipliers of the individual employee’s salary, such as time and a half, double time, and so forth.
