Documenting payroll policies and procedures

A well crafted policy can mean time savings later: CPA
By Karima Balfoul and Tina Beauchamp
|Canadian Payroll Reporter|Last Updated: 06/06/2012

Payroll professionals are primarily responsible for paying employees on time and accurately while keeping their organization legislatively compliant.

One of the best ways to guarantee success is to document policies and procedures, and then make sure payroll activities are carried out in a manner that aligns with both an organization’s culture and the 190 regulatory requirements that impact payroll.

A policy is a clear and simple rule to guide organizational decisions to achieve the desirable outcomes. For example, providing a greater overtime benefit than required under employment standards legislation is outlined in a company policy.