The requirement for timecard approvers to approve or reject timecards by the end of the next business day depends on the company's policy. While it is common for organizations to adhere to prompt approval processes for efficiency, the definitive answer requires knowledge of the specific company's rules.
When it comes to timecard approvals in a business setting, the policy mentioned in the question suggests that timecard approvers must approve or reject timecards no later than (NLT) the close of business the day after they are submitted. This statement can be either true or false depending on the company's specific internal policies and procedures.
Businesses often set their own deadlines for timecard approvals to maintain efficient payroll processing. Without knowing the specific company policy, it is not possible to definitively answer this question with a true or false; however, it is a common policy for businesses to expect timecard approvals within a prompt timeframe after submission to avoid payroll discrepancies.
The answer would depend on confirming the specific timecard approval policy within the asker's organization. An explanation of the approval process would emphasize the importance of timely approvals in maintaining accurate payroll records and organizational efficiency.
So, while such a prompt timecard approval process is plausible, the actual deadline for approvals must be checked against the company's established rules and guidelines.