Final answer:
The process initiated by validated attendance time records is to pay employees, which includes wage calculation, handling overtime, and tax reporting.
Step-by-step explanation:
The process that is initiated by validated attendance time records is primarily to pay employees. These records are crucial for ensuring that workers are compensated accurately for their time worked. This involves not just the basic calculation of wages, but also encompasses the handling of overtime or lieu time, and ensuring that labour laws and company policies regarding breaks, lunches, and vacation times are followed. Once time records are validated, the payroll department processes the payment, which might also involve the calculation of deductions for benefits, taxes, and other purposes. Additionally, these records are used to comply with federal and state regulations by reporting payroll taxes quarterly and annually.