Pension Payroll & Employee Benefits. Employee & Retiree Benefit and OMERS Pension Compensation. Non- OMERS Pension Plans



Similar documents
Human Resources. City Manager's Office. HR - Organization & Employee Effectiveness. Human Resources - Employee & Labour Relations

Property Standards, Inspection & Compliance. Property Standards Inspection & Cat & Dog Licensing & Enforcement. Enforcement. Property Maintenance

Business Plan Summary

City Clerk s Office. Executive Committee Presentation June 30, 2015

Toronto Police Service Service Level Review

Branch Human Resources

Presentation to the Financial Administrator Development Program Payroll Policies/Processes

Excel Workbook for Allocating Program Support: OMBI Method

Financial Administration Manual Chapter 6 Accounting and Control of Payroll. Chapter 6 Accounting and Control of Payroll

Performance Benchmarking Report

KNOWING WHEN TO AUTOMATE AND UPGRADE YOUR PAYROLL PROCESSING

Mango s Health Check. How healthy is financial management in your not-for-profit organisation?

Human Resources Department FTE s

PAYROLL AND BENEFIT REVIEW SERVICE PROVISION

EDUCATION SUPPORT PROFESSIONALS Orientation PAYROLL DEPARTMENT OCTOBER 23, 2014

REPORT. Best Practices on Expatriate Payroll Administration

FINANCE DEPARTMENT BUSINESS PLAN

USER GUIDE TO THE PENSIONS ADMINISTRATION SYSTEM (PAYROLL & HUMAN RESOURCES)

The Balance Sheet. A practical example & explanation Financial Services Division

Employee Central. Employee Central Core HR. HR Transactions. Specification Sheet. Key capabilities and descriptions:

S&P 500 Low Volatility Index

payroll processing made easy

PALOMAR COMMUNITY COLLEGE DISTRICT. Classification Title: Manager, Payroll

Branch Human Resources

MnSCU Retirement Plans Basic Training for Campus HR Administrators

Human Resources. Be a strategic leader and partner, promoting organizational and individual effectiveness.

Guide for New ADP Administrators

University of Northern Colorado Charting the Future. Unit Report: PAYROLL Submitted by: Krystal Dilka Date: November 24, 2003

401(k) Plans for Business Owners

Administration and Finance Human Resources Department General Glossary of Terms

Human Resources Department

OMB Centralized Payroll

OnePurdue HR Payroll. Concepts of Payroll in OnePurdue

Police Health - Work at Home?

QUADRANT HUMAN RESOURCES

The Payroll Operations Survey summary of results

TOWN OF STRATFORD PURCHASING DEPARTMENT STRATFORD, CONNECTICUT REQUEST FOR PROPOSAL. Subject: Payroll Processing Services for Stratford Library

Financial Modeling and Forecasting Smart Practices

To-Be Process Review Workshop

quadrant payroll QUADRANT HELPS YOU DELIVER TIMELY, RELIABLE, AND ACCURATE PAYROLL TO YOUR STAFF. KEY FEATURES

HR Staff and Structure Results U.S. Human Capital Effectiveness Report 2010/2011. SARATOGA a service offering of PricewaterhouseCoopers, LLP

PAYROLL MANAGEMENT PAYROLL MANAGEMENT

Program: Human Resources Program Based Budget Page 41

CHAPTER 4 EFFECTIVE INTERNAL CONTROLS OVER PAYROLL

White Paper. The Hidden Benefits of Human Resource Business Process Outsourcing (HR BPO) SOURCING ANALYTICS

HR PAYROLL SYSTEM 9 01/2015 THE HR PAYROLL SYSTEM ID NUMBER: NCID ACCOUNT POSITION SETTINGS IN THE HR PAYROLL SYSTEM

BUSINESS STUDIES ADVANCED LEVEL

Tax Consequences of Providing IT Consulting Services

THE SCHOOL BOARD OF BROWARD COUNTY, FLORIDA JOB DESCRIPTION

MONTANA TECH EMPLOYEE BENEFITS

EMPLOYEE PROPOSED COMPENSATION PLAN- Subject of Public Hearing CENTERVILLE CITY SALARY ADMINISTRATION GUIDELINES- FY 2013

Chapter 15 PAYROLL 15-1

STATISTICAL BRIEF #48

PERFORMANCE REPORT IOWA PUBLIC EMPLOYEES RETIREMENT SYSTEM. Performance Results Achieved for Fiscal Year 2005

ZaneHRA Frequently Asked Questions

Program: Human Resources Program Based Budget Page 39

8/12/2013. Then. Now. Managing risk and compliance. August 14, 2013

SECTION 11 PURCHASING SERVICE CREDIT

Management/Non-union Employees, Accountability Officers and Elected Officials Compensation and Benefits

Hidden Cost of Non-Integrated HR Service Delivery A Market Research and Thought Leadership Study

Statistical Brief #25: Employer-Sponsored Health Insurance Characteristics by Average Payroll for the Private Sector in 2001

Haringey Council. Pay Policy Statement 2015/16. Published April 2015

Excerpt From The Small (Under $10 Million Revenues) Private Company Executive Compensation Digest

AUDIT OF SELECTED PAYROLL PROCESSES

PAYROLL SCOPE. This policy applies to all employees of the University. DEFINITIONS. Federal and provincial tax rules define employee as follows:

OCCUPATIONAL GROUP: Human Resources. CLASS FAMILY: Employee Benefits and Payroll CLASS FAMILY DESCRIPTION:

IT Service Desk Unit Opportunities for Improving Service and Cost-Effectiveness

Information Technology Report MTA IT Department. MTA Finance Committee June 2015

State Disability Insurance Laws

Audit of Procurement Practices

SAP Suite on HANA: Payroll Control Center - Johnson & Johnson and SAP journey innovating end-to-end payroll processing

COMPUTER ACCOUNTING TECHNICIAN Facilitated by Craig Edwards and Gene Semchych December 10th, 2008

Unifying Compensation:

FINANCIAL SERVICES REQUEST FOR PROPOSAL November 17, a Senez Street Winnipeg, Manitoba R0A 0Y

Payroll Direct Deposit

PAYROLL POLICIES. Financial Policy Manual

WEA Tax Sheltered Annuity (TSA) Trust 403(b)

Managing Your Outsourcing Relationship..helping companies optimize their HR / benefits / payroll service partnerships

Child Support Directors Association of California. Employer s Handbook

Payroll Processing Review

Attachment S - Payroll End-to-End Processing Requirements

COMPARISON OF CALIFORNIA, ILLINOIS, AND OREGON STATE-RUN RETIREMENT PLAN LEGISLATION

1 YOUR SALARY AND BENEFITS

Florida State University Summary of Benefits. Benefit Description Cost Effective Date Eligibility Enrollment

DEPARTMENT OF ADMINISTRATION 21-HEALTH CARE & BENEFITS DIVISION

INLAND VALLEY DEVELOPMENT AGENCY REQUEST FOR PROPOSALS (RFP) FOR PAYROLL SERVICES

<Insert Picture Here> JD Edwards EnterpriseOne Payroll

REQUEST FOR PROPOSAL

IT S YOUR PENSION A GUIDE TO THE OPSEU PENSION PLAN

KEYS TO PENSION & HEALTH BENEFIT REFORMS

PRIVY COUNCIL OFFICE. Audit of Compensation (Pay and Benefits) Final Report

FASOM - Section 10: HRIS Payroll Processing Calendar and Related Issues

HR Metrics Report. Reporting Period 2013 Q1 - January 1 to March 31, Sample Report. Province: Industry: Workforce Change:

13.0 On Cycle Payroll Narrative HR & Payroll Business Process Redesign (BPR)

GUIDELINES FOR ACCOUNTING RELATED TO COSTS OF COMPUTER SOFTWARE DEVELOPMENT

Small Medium Enterprises Total Tax Contribution Report. Commissioned by the Department of the Treasury December 2009

Department of Human Resources

POLICY OF DISTRICT ON TAX SHELTER ANNUITY OPERATION

Frequently Asked Questions and Next Steps to Retirement

New York State Office of the State Comptroller. PayServ Navigation Paths

Transcription:

Office of the Treasurer Accounting Services Revenue Services & Employee Benefits Employee & Retiree Benefit and OMERS Compensation Non- OMERS Plans Employee Benefits & OMERS City Sponsored 3rd Party Payments and Compliance 3rd Party Payments and compliance Deduction & 3rd Party Compliance Management Benefit & Management Shaded boxes reflect the activities covered in this section of the report. The objective of Services is to ensure that employees are paid accurately and on time with the correct employee withholding and deduction amounts and City contributions remitted within specified timeframes.

13 Performance Measurement And Benchmarking Report Question Indicator/Measure Internal Comparison of Toronto s 13 vs. 1 Results Customer Service Measures External Comparison to Other Municipalities (OMBI) By Quartile for 13 Chart & Page Ref. How often do manual payroll payments have to be issued? Number of Off-Cycle Manual Payments per FTE (Customer Service) % of all Payments that are Manual Payments (Customer Service) Number of manual payments is low and Percentage of manual payments is low and Lower rate of manual payments compared to others.1. pg 3.1 pg.3 Efficiency Measures What does it cost to process a payroll cheque or direct deposit? Operating Cost per Direct Deposit and Cheque Increase Cost per cheque/deposit increased Higher cost per cheque/deposit compared to others.3. Pg. How many cheques or direct deposits are processed by each payroll employee? Number of Direct Deposits and Cheques per FTE Number of cheques/deposits per FTE is Higher number of cheques/deposits per FTE compared to others.5.6 pg.5 Service Level Indicators (Resources) Performance Measures (Results) Service Level Indicators (Resources) Performance Measures (Results) Overall Results - Favorable 3-1 - Unfavorable - 1st quartile - nd quartile - 3 rd quartile 1- th quartile 75% favorable or 67% above median For an explanation of how to interpret this summary and the supporting charts, please see the Guide to Toronto's Performance Results. These quartile results are based on a maximum sample size of 1 municipalities.

# manual payments per payroll FTE % of total payments that are manual payments Services 13 Performance Measurement and Benchmarking Report How often do manual payroll payments have to be issued in Toronto? 6 5 3 15 8 9 1 11 1 13 # manual cheques per FTE 55 57 5 9 39 1 % manual payments.%.5%.19%.1%.16%.17% Chart.1 (City of Toronto) Number of Off-Cycle Manual Payments per FTE and % of all Payments that are Manual Payments (Customer Service) How does Toronto's rate of manual payroll payments compare to other municipalities? 3 5 15 1 5 Median = 6 Chart. (OMBI 1) Number of Off-Cycle Manual Payments per FTE (Customer Service).3%.5%.%.15%.1%.5%.% Lon Niag Halt Wind Tor Ott Wat York Sud T-Bay Dur Winn Ham Cal # manual cheques per FTE 11 1 9 35 1 6 57 63 79 83 166 18 19 58 Municipalities strive to process all payroll direct deposits and cheques during regular payroll cycles, to minimize inconveniences to employees. Making manual payments (cheques or direct deposits) that are outside the normal payroll cycle is very inefficient. Off-cycle manual payments include payments for adjustments and reversals that result in a change to net pay. They can provide some indication of the accuracy and timeliness of payroll processes. Chart.1 provides the number of manual off-cycle payments that were made in Toronto between 8 and 13 per payroll full- time equivalent (FTE) employee, which are represented as columns relative to the left axis. These results have remained fairly over this period. In 13 these manual payments represented only.17% of all payments made, reflected as a line graph relative to the right axis. When compared to other municipalities, Toronto's ranks fifth of fourteen municipalities (second quartile) in terms of having the lowest rate of manual payments as reflected in Chart.. 3

13 Performance Measurement And Benchmarking Report What does it cost in Toronto to process a payroll cheque or direct deposit? $7. $6. $5. $. $3. $. $1. $. Chart.3 (City of Toronto) Operating Cost per Direct Deposit and Cheque How does Toronto's cost to process a payroll cheque or direct deposit compare to other municipalities? $6. $5. $. $3. $. $1. $. 8 9 1 11 1 13 $cost / deposit or cheque $5.78 $5.88 $6.5 $5.56 $5.65 $5.97 Lon T-Bay Winn York Dur Ham Cal Niag Wat Sud Ott Tor Wind Halt $cost / deposit or cheque $.83 $.88 $3.1 $3.67 $3.7 $.1 $.6 $.51 $.67 $5. $5.86 $5.97 $6.59 $7.5 Chart. (OMBI 1) Operating Cost per Direct Deposit and Cheque How many cheques or direct deposits are processed by each payroll employee in Toronto? 5, 3, 1, 19, 17, 15, Median = $.58 8 9 1 11 1 13 # deposits or cheques / FTE,955,5 3,5 3,79,81,7 Chart.5 (City of Toronto) Number of Direct Deposits and Cheques per FTE How does the number of cheques or direct deposits processed by payroll employee in Toronto compare to other municipalities? 3, 5,, 15, 1, 5, Median = 3,16 Dur Cal T-Bay Ham Winn Wat Tor York Halt Ott Niag Lon Sud Wind deposits or cheques / FTE 31,7 9,73 7,835 7,555,61,981,7,357 1,81 16,379 15,771,96 1,57 11, Chart.6 (OMBI 1) Number of Direct Deposits and Cheques per FTE Charts.3 to.6 provide information on two different measures of payroll efficiency and productivity: The payroll operating cost to process a direct deposit or cheque; and The number of payroll direct deposits and cheques that are processed by each full time equivalent (FTE) payroll employee. Chart.3 provides Toronto s operating cost per payroll direct deposit or cheque from 8 through 13 and shows that costs increased in 13. In relation to other municipalities, Toronto's 13 cost per direct deposit or cheque ranks twelfth of fourteen (fourth quartile) in terms of the lowest cost, as shown in Chart.. Chart.5 provides the number of direct deposits and cheques, (including manual cheques) that were processed from 8 through 1 per payroll FTE. Results were in 1. As shown in Chart.6, Toronto ranks seventh of fourteen (second quartile) in terms of having the highest numbers of direct deposits and cheques (including manual cheques) processed per payroll FTE.

13 Performance Measurement and Benchmarking Report 1 Achievements and 15 Planned Initiatives The following initiatives have improved or are expected to further improve the efficiency and effectiveness of the, and Employee Benefits Division: 1 Initiatives Completed/Achievements Commenced the project to implement Manager Self Service functionality and automate Employee Self Service/Manager Self Service life cycle functionality. Produced 3 rd party mandatory, statutory and legislated remittances, accurately and on time, 1% of the time, during 1. 15 Initiatives Planned Implementation of employee self service platform and roll out to unionized employees, implement Manager Self Service functionality and automate Employee Self Service life cycle functionality. Commenced the project to upgrade the City's current SAP payroll system to the current SAP standard/best practices Cross Application Time Sheet (CATS) and implement a new Time and Attendance Scheduling Solution (TASS) for two pilot divisions. Commenced the project to implement changes arising from the, & Employee Benefits Program Review. Factors Influencing the Results of Municipalities The results of each municipality included in this report can be influenced to varying degrees by factors such as: Organizational form: centralized versus de-centralized nature of time and data entry. Costs related to time and data entry have been excluded for comparability. Any costs associated with benefits administration and employee master data maintenance/administration have been excluded from these results and included in those of Human Resources for benchmarking purposes. Policy and practices: provision of this service in-house vs. contracted and differences in payroll structure and responsibilities. Processes: differences in the number of pay periods (e.g., weekly versus bi-weekly, requirements for multiple pay schedules for various groups within the organization). Staffing mix: salary vs. hourly rate and/or part-time vs. full time employees and the associated level of support required. Number of union contracts: the number of unions, contract settlements resulting in retroactive payments, complexity of the collective bargaining agreement terms and corporate policies may be a factor in the creation of replacement cheques and demand for service. 5