Timing is everything when paying an employee who is terminated. Here are a few tips for payroll liaisons to ensure that an employee’s final pay after termination is processed correctly.
Some faculty with nine-month academic year contracts may choose to have their pay distributed over a longer period. Understand how these extended payouts align with fiscal year budgets and the general ledger.
Occasionally, you’ll need to correct errors in payroll after it processes. CU’s HCM Payroll Expense Transfer (PET) solution has several helpful features to make reallocating funding a breeze.
