Timekeeping Policies and Procedures
From Knowledge base
Timekeeping Policies and Procedures
The following are timekeeping elements that should be incorporated into a contractors polices and procedures.
- Management Reviews
- Employee Awareness Training
- Timekeeping Access Control
- Terminated Employees
- Idle Workstations
- Daily Recording Requirement
- Ethics or Conduct Violation
- Treatment of Overtime
- Labor Cost Accounting - Overtime Premium
- Labor Cost Accounting - Sensitive Labor Accounts
- Labor Cost Accounting - Compliance with Contract Terms
- Payroll Preparation and Payment
- Labor Transfers and Adjustments
- Suspense Accounts
