Understanding Payroll: What Does It Really Involve and Why Is It Important?

Understanding Payroll

I want to know the meaning of payroll and what types of tasks fall under it. I want to have a complete understanding of payroll.

Thanks,

Anjana

The payroll program is run at a specific point in time, not only to calculate an employee's basic remuneration but also any special payments, overtime payments, or bonuses that must be effected for the period in question.

Good Morning Anjana, Payroll is nothing but the relationship between an employee and an employer in monetary terms, according to the services given by the employee to the organization, i.e., salary, bonus, incentives, perks, etc. For more details, as John mentioned, please click on the 'research'. Let me know if there are any updates.

Regards,
Manikyam
Consultant-Recruiter
Hyderabad.