Question

Which of the following departments is most likely responsible for pay rate changes and changes in deductible amounts for employees?

1) General Accounting
2) Human Resources
3) Treasury
4) Controller

Answer 1

The Human Resources (HR) department is responsible for managing employee compensation and benefits, which includes overseeing pay rate changes and deductible amounts for employees.

Step-by-step explanation:

The department most likely responsible for pay rate changes and changes in deductible amounts for employees is Human Resources (HR).

Human Resources departments are typically in charge of managing employee compensation, benefits, and company policies related to employment. Changes to pay rates or adjustments to benefit plans, such as modifications to deductible amounts, are often coordinated through HR. This department works with others, such as Accounting or Finance, for budgetary and payroll purposes, but the initiation and management of these changes are usually HR responsibilities. It is HR that interacts with employees on matters concerning their pay and benefits, enacts policy changes, and maintains compliance with labor laws. Departments like General Accounting, Treasury, and Controller deal with organizational finances and accounting, but HR handles the specifics of individual employee compensation and benefits.