Discuss the method of payment for retroactive adjustment


Response to the following problem:

Choose three of the following changes that may be negotiated in a collective agreement and provide an example of how each would impact the payroll department.

Timing of changes

Changes to salaries, wages, overtime rates

Paid absences

Group benefits

Retroactive payment dates

Method of payment for retroactive adjustment

(this is a discussion activity, it could be in point forms or short paragraphs)

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Managerial Accounting: Discuss the method of payment for retroactive adjustment
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