An Investigation of the payroll polices and its effect on the financial performance. (A case study of United Builders Merchants, Harare)

ABSTRACT

This research was prompted by the researcher’s observations and experience during his time

at United Builders Merchants. The research was centred at investigating the payroll policies

and its effects on the financial performance, a case study of UBM. The problem over

emphasis on the outward looking on payroll policies and services the employees receive from

the entity for the determination of their salaries and wages in relation to their production

capacities. The focus was on the implementation of favourable payroll services and polices

which in turn imposing positive effect to employees’ performance to increase the production

capacity and therefore increasing the financial performance of the entity.

The literature was reviewed referring to the research to as to achieve the objectives of the

study. The field research was carried out on a selected sample size drawn from United

Builders Merchants. The techniques such as questionnaires and interviews were used in the

data collection process of the research. The analysed data reflected the effects of the payroll

services and policies to the productivity, profitability, thus financial performance of the

entity. This study recommends the company to the implementations of effective payroll

services to its employees that are compatible to the situation of UBM.

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