Payroll Processing Technologies
Expert-defined terms from the Professional Certificate in Social Security Laws and Payroll Legislation course at London School of Business and Administration. Free to read, free to share, paired with a professional course.
AASDI stands for American Association of Social Security Disability Insurers, wh… #
Related terms include SSA, SSDI, and SSI. AASDI provides training and education to its members on topics such as disability determination, claims processing, and compliance with social security laws and regulations.
Absence Management refers to the process of managing and tracking employee absen… #
Related terms include Leave Management, Time-Off Management, and Attendance Tracking. Absence Management involves monitoring and recording employee absences, as well as developing and implementing policies and procedures to manage and reduce absenteeism.
Accounting System refers to a computer #
based system used to manage and process financial transactions, including payroll, accounts payable, and accounts receivable. Related terms include Financial Management System, Enterprise Resource Planning (ERP) System, and Accounting Software. An Accounting System typically includes modules for general ledger, accounts payable, accounts receivable, and payroll processing.
ACH stands for Automated Clearing House, which is a payment processing sy… #
Related terms include Direct Deposit, Electronic Funds Transfer (EFT), and Payroll Processing. ACH is commonly used for payroll direct deposit, as well as for other types of electronic payments, such as bill payments and tax payments.
ADA stands for Americans with Disabilities Act, which is a federal law th… #
Related terms include Disability Discrimination, Reasonable Accommodation, and Compliance. The ADA requires employers to provide reasonable accommodations to employees with disabilities, unless doing so would cause an undue hardship.
Affirmative Action refers to a voluntary program or policy designed to pr… #
Related terms include Diversity and Inclusion, Equal Employment Opportunity (EEO), and Compliance. Affirmative Action programs typically involve outreach and recruitment efforts to attract diverse candidates, as well as training and education to promote diversity and inclusion.
Annual Leave refers to a type of paid time off that employees accrue over a p… #
Related terms include Vacation Time, Sick Leave, and Payroll Processing. Annual Leave is often used to provide employees with a break from work, and can be used for vacation, illness, or other personal reasons.
Application Programming Interface (API) refers to a set of protocols and… #
Related terms include Software Development, System Integration, and Data Exchange. APIs are commonly used in payroll processing to integrate with other systems, such as HR systems or time tracking systems.
Asset Management refers to the process of managing and tracking an organization'… #
Related terms include Inventory Management, Supply Chain Management, and Financial Management. Asset Management involves monitoring and maintaining assets, as well as developing and implementing policies and procedures to manage and
Attendance Tracking refers to the process of monitoring and recording employee a… #
Related terms include Time-Off Management, Leave Management, and Payroll Processing. Attendance Tracking involves monitoring and recording employee attendance, as well as developing and implementing policies and procedures to manage and reduce absenteeism.
Audit refers to a review or examination of an organization's financial st… #
Related terms include Financial Audit, Operational Audit, and Compliance Audit. An audit typically involves reviewing and analyzing financial data, as well as evaluating internal controls and procedures.
Benefit Accrual refers to the process of earning or accumulating benefits … #
Related terms include Benefit Administration, Leave Accrual, and Payroll Processing. Benefit Accrual involves tracking and recording employee benefits, as well as developing and implementing policies and procedures to manage and benefits.
Benefits Administration refers to the process of managing and administering empl… #
Related terms include Benefit Accrual, Leave Administration, and Payroll Processing. Benefits Administration involves managing and administering benefits, as well as developing and implementing policies and procedures to manage and communicate benefits to employees.
COBRA stands for Consolidated Omnibus Budget Reconciliation Act, which is a f… #
Related terms include Health Insurance, Benefits Administration, and Compliance. COBRA requires employers to notify employees of their rights to continuing coverage, and to offer coverage to eligible employees and their families.
Certification refers to the process of obtaining or granting a credential … #
Related terms include Accreditation, Licensure, and Compliance. Certification typically involves meeting certain requirements, such as education, experience, or training, and passing a exam or assessment.
Cloud Computing refers to a model of delivering computing services over t… #
Related terms include Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). Cloud Computing provides flexibility and scalability, as well as reduced costs and increased efficiency.
Compliance refers to the state of adhering to or conforming to law… #
Related terms include Regulatory Compliance, Risk Management, and Audit. Compliance involves ensuring that an organization's policies, procedures, and practices are in accordance with relevant laws, regulations, and standards.
Data Analytics refers to the process of examining and interpreting data t… #
Related terms include Business Intelligence, Data Mining, and Statistics. Data Analytics involves collecting and analyzing data, as well as creating and presenting reports and visualizations to stakeholders.
Data Integration refers to the process of combining data from multiple source… #
Related terms include Data Migration, Data Synchronization, and Data Warehousing. Data Integration involves transforming and loading data from multiple sources, as well as ensuring data quality and consistency.
Data Security refers to the process of protecting data from unauthorized… #
Related terms include Data Encryption, Access Control, and Compliance. Data Security involves implementing and enforcing policies and procedures to protect data, as well as using technology such as firewalls and encryption to secure data.
Direct Deposit refers to the electronic transfer of funds from an employe… #
Related terms include ACH, EFT, and Payroll Processing. Direct Deposit is a convenient and efficient way to pay employees, and can help reduce errors and costs associated with traditional paper checks.
Disability Benefits refer to benefits provided to employees who are unabl… #
Related terms include Workers' Compensation, Social Security Disability Insurance (SSDI), and Compliance. Disability Benefits typically involve providing financial support to employees who are unable to work, as well as offering other forms of support, such as counseling or rehabilitation services.
Diversity and Inclusion refer to the promotion of a workplace cult… #
Related terms include Affirmative Action, Equal Employment Opportunity (EEO), and Compliance. Diversity and Inclusion involve creating and maintaining a workplace culture that is inclusive and respectful of all employees, as well as providing opportunities for growth and development.
EEO stands for Equal Employment Opportunity, which refers to the principle</i… #
Related terms include Affirmative Action, Diversity and Inclusion, and Compliance. EEO involves ensuring that all employees are treated fairly and equally, and that employment decisions are based on merit and qualifications, rather than on discriminatory factors.
Employee Engagement refers to the degree to which employees are motiva… #
Related terms include Employee Satisfaction, Employee Retention, and Performance Management. Employee Engagement involves creating and maintaining a positive and supportive work environment, as well as providing opportunities for growth and development.
Employee Onboarding refers to the process of integrating new employees in… #
Related terms include New Hire Orientation, Employee Training, and Compliance. Employee Onboarding involves providing new employees with the information and resources they need to succeed in their roles, as well as introducing them to the organization's culture and values.
Employee Self #
Service refers to a system or portal that allows employees to access and manage their own information, such as benefits, time off, and performance data. Related terms include HR Portal, Employee Portal, and Self-Service Technology. Employee Self-Service involves providing employees with secure and convenient access to their own information, as well as enabling them to perform tasks and transactions online.
Employment Law refers to the body of laws and regulations that govern the… #
Related terms include Labor Law, Employment Regulations, and Compliance. Employment Law involves ensuring that employers comply with relevant laws and regulations, as well as providing employees with protections and rights in the workplace.
Enterprise Resource Planning (ERP) refers to a type of software system th… #
Related terms include Accounting System, Financial Management System, and Business Intelligence. ERP involves integrating and managing data and processes across the organization, as well as providing real-time visibility and insights into organizational performance.
Ergonomics refers to the science of designing and arranging worksp… #
Related terms include Workplace Safety, Occupational Health, and Compliance. Ergonomics involves assessing and improving the physical and psychological aspects of the work environment, as well as providing training and guidance on ergonomics and safety practices.
FICA stands for Federal Insurance Contributions Act, which is a federal l… #
Related terms include Payroll Taxes, Social Security Taxes, and Compliance. FICA involves withholding and paying social security taxes, as well as complying with relevant laws and regulations.
FMLA stands for Family and Medical Leave Act, which is a federal law that… #
Related terms include Leave Administration, Benefits Administration, and Compliance. FMLA involves providing eligible employees with leave and benefits, as well as complying with relevant laws and regulations.
GAAP stands for Generally Accepted Accounting Principles, which are a set of … #
Related terms include Financial Accounting, Accounting Standards, and Compliance. GAAP involves following established principles and guidelines for financial accounting and reporting, as well as ensuring that financial statements are accurate and transparent.
Garnishment refers to a legal process by which an employer is required to… #
Related terms include Wage Garnishment, Child Support, and Compliance. Garnishment involves withholding and paying a portion of an employee's wages to a creditor or government agency, as well as complying with relevant laws and regulations.
Health Insurance refers to a type of insurance that provides coverage for… #
Related terms include Benefits Administration, Employee Benefits, and Compliance. Health Insurance involves providing employees with access to medical care and benefits, as well as complying with relevant laws and regulations.
HRIS stands for Human Resource Information System, which is a type of softwar… #
Related terms include HR Management, Employee Data, and Payroll Processing. HRIS involves managing and integrating HR data and processes, as well as providing real-time visibility and insights into HR metrics and trends.
I-9 Form refers to a document used to verify the identity and e… #
Related terms include Employment Verification, Immigration Law, and Compliance. I-9 Form involves completing and verifying the form, as well as maintaining records and complying with relevant laws and regulations.
Immigration Law refers to the body of laws and regulations that govern th… #
Related terms include Employment Verification, I-9 Form, and Compliance. Immigration Law involves ensuring that employers comply with relevant laws and regulations, as well as verifying the identity and employment eligibility of new hires.
Job Analysis refers to the process of examining and documenting th… #
Related terms include Job Description, Job Evaluation, and Compensation Planning. Job Analysis involves identifying and documenting the key tasks and responsibilities of a job, as well as determining the skills and qualifications required to perform the job.
Job Description refers to a document that outlines the duties , … #
Related terms include Job Analysis, Job Evaluation, and Compensation Planning. Job Description involves creating and maintaining a document that accurately reflects the job duties and responsibilities, as well as providing a basis for performance evaluation and compensation decisions.
Labor Law refers to the body of laws and regulations that govern the r… #
Related terms include Employment Law, Labor Relations, and Compliance. Labor Law involves ensuring that employers comply with relevant laws and regulations, as well as providing employees with protections and rights in the workplace.
Leave Administration refers to the process of managing and administering … #
Related terms include Benefits Administration, Employee Benefits, and Compliance. Leave Administration involves managing and administering leave policies and procedures, as well as providing employees with access to leave and benefits.
Leave Management refers to the process of managing and tracking employee… #
Related terms include Leave Administration, Benefits Administration, and Compliance. Leave Management involves tracking and managing employee leave, as well as developing and implementing policies and procedures to manage and administer leave.
Medicare Tax refers to a type of tax that is withheld from employees' wag… #
Related terms include Payroll Taxes, Social Security Taxes, and Compliance. Medicare Tax involves withholding and paying Medicare taxes, as well as complying with relevant laws and regulations.
New Hire Orientation refers to the process of integrating new employees i… #
Related terms include Employee Onboarding, Employee Training, and Compliance. New Hire Orientation involves providing new employees with the information and resources they need to succeed in their roles, as well as introducing them to the organization's culture and values.
OASDI stands for Old #
Age, Survivors, and Disability Insurance, which is a program that provides financial assistance to retired workers, survivors, and disabled workers. Related terms include Social Security, Medicare, and Compliance. OASDI involves providing financial assistance to eligible individuals, as well as complying with relevant laws and regulations.
Occupational Health and Safety (OHS) refers to the practice of promoting… #
Related terms include Workplace Safety, Ergonomics, and Compliance. OHS involves identifying and mitigating hazards, as well as providing training and guidance on safety and health practices.
Payroll Processing refers to the process of managing and administering em… #
Related terms include Payroll Administration, Payroll Management, and Compliance. Payroll Processing involves managing and administering payroll processes and procedures, as well as complying with relevant laws and regulations.
Payroll Taxes refer to the taxes that are withheld from employees' wages… #
Related terms include FICA, Medicare Tax, and Compliance. Payroll Taxes involve withholding and paying payroll taxes, as well as complying with relevant laws and regulations.
Performance Management refers to the process of planning , monitoring</… #
Related terms include Employee Evaluation, Performance Appraisal, and Compensation Planning. Performance Management involves setting and communicating performance goals and expectations, as well as providing feedback and coaching to employees.
Personnel Management refers to the function of managing and administer… #
Related terms include Human Resource Management, Employee Relations, and Compliance. Personnel Management involves managing and administering HR functions and processes, as well as providing support and guidance to employees.
Recruitment refers to the process of attracting , selecting , and <i… #
Related terms include Talent Acquisition, Staffing, and Compliance. Recruitment involves developing and implementing recruitment strategies and plans, as well as evaluating and selecting qualified candidates.
Risk Management refers to the process of identifying , assessing , a… #
Related terms include Compliance, Audit, and Internal Control. Risk Management involves identifying and assessing risks, as well as developing and implementing strategies and plans to mitigate risks.
Social Security Tax refers to a type of tax that is withheld from employe… #
Related terms include FICA, Medicare Tax, and Compliance. Social Security Tax involves withholding and paying social security taxes, as well as complying with relevant laws and regulations.
Tax Compliance refers to the process of ensuring that an organization is… #
Related terms include Payroll Taxes, Tax Reporting, and Audit. Tax Compliance involves ensuring that all tax obligations are met, as well as maintaining accurate and complete tax records and documents.
Time #
Off Management refers to the process of managing and tracking employee time off, including vacation time, sick leave, and family and medical leave. Related terms include Leave Administration, Benefits Administration, and Compliance. Time-Off Management involves managing and tracking employee time off, as well as developing and implementing policies and procedures to manage and administer time off.
Training and Development refers to the process of providing employees wit… #
Related terms include Employee Development, Performance Management, and Compensation Planning. Training and Development involves providing employees with training and development opportunities, as well as evaluating and improving employee performance.
Unemployment Insurance refers to a type of insurance that provides fin… #
Related terms include Employment Law, Labor Law, and Compliance. Unemployment Insurance involves providing financial assistance to eligible workers, as well as complying with relevant laws and regulations.
Workers' Compensation refers to a type of insurance that provides fina… #
Related terms include Employment Law, Labor Law, and Compliance. Workers' Compensation involves providing financial assistance to eligible workers, as well as complying with relevant laws and regulations.
Workplace Safety refers to the practice of promoting and maintaining</… #
Related terms include Occupational Health and Safety (OHS), Ergonomics, and Compliance. Workplace Safety involves identifying and mitigating hazards, as well as providing training and guidance on safety and health practices.