2. Payroll Policy

Policy Title: Payroll and Compensation Policy Number: HR-FIN-001 Effective Date: [Date]

1. Pay Period: All employees are paid on a [e.g., bi-weekly/monthly] basis, with pay dates on the [e.g., 15th and last day of the month]. 2. Payment Method: All salary payments are made via direct deposit. It is the employee's responsibility to provide accurate banking information. 3. Deductions: Deductions from salary may include, but are not limited to: * Mandatory tax withholdings * Retirement contributions (e.g., 401k) * Medical or dental insurance premiums * Voluntary contributions (e.g., charity donations) 4. Overtime: [e.g., Non-exempt employees will be paid overtime at a rate of 1.5x their regular hourly wage for all hours worked over 40 in a work week].