Payroll Policy

Transform payroll governance with policy samples that help organizations document payroll administration, employee payment practices and internal accounting controls. This Payroll Policy includes two adaptable samples that address both broad payroll requirements and control-focused processing procedures. Sample 1 outlines key employee payroll practices, including employee classifications, biweekly and monthly payment arrangements, time reporting, holiday and vacation administration, illness or injury pay, overtime, tuition reimbursement, lost checks, payroll information changes, new hires, and resignations or terminations. Sample 2 focuses on hourly payroll processing and the controls needed to safeguard assets and support reliable financial records. Together, these samples will help you compare operational payroll requirements with control-focused procedures and tailor written guidance to their organization’s structure, staffing and applicable requirements.

Key Features:

• Covers payroll payments, time reporting, employee changes and employment events
• Provides control guidance for payroll authorization, documentation and review
• Addresses transaction data preparation, reconciliation and check distribution