PAYROLL
Policy Scope
The Payroll Policy outlines the guidelines and procedures for the accurate and
timely processing of a bi-weekly payroll for all employees.
Policy and Policy Definitions
Bi-Weekly Payroll: Refers to the payment of wages or salaries to employees
occurring every two weeks, typically on a designated payday.
Deductions: Amounts withheld from an employee's gross pay for taxes,
benefits (e.g., health insurance premiums), retirement contributions, or other
authorized purposes.
Direct Deposit: The electronic transfer of an employee's net pay directly into
their designated bank account(s).
Overtime Pay: Compensation paid to eligible employees for hours worked in
excess of the standard workweek (typically 40 hours) at a rate higher than their
regular hourly wage, as mandated by federal and state laws.
Paycom: The designated human resources and payroll software system used for
managing employee data, timekeeping, and payroll processing.
Pay Period: A fixed, recurring interval of two weeks for which employee
earnings are calculated and paid.
Timesheet/Timecard Entry: The official record of hours worked by an
employee within a given pay period, typically entered and approved within
Paycom.
Wage Garnishment: A court-ordered or legally mandated withholding of an
employee's wages to satisfy a debt, such as child support, alimony, or tax
arrears.
Payroll System
All payroll processing, timekeeping, and employee self-service functions are
managed through the Paycom system. Employees and Managers are expected to
utilize Paycom for all relevant payroll activities.