Preparing for an Interview: What Should I Know About Payroll Management and HR's Role?

Hi friends,

This is Deepika. I would like to know about payroll management for a company and HR's role in that. Some queries which I have:

- Does the basic percentage will be the same or will differ from company to company and state to state?
- Will medical reimbursement be given annually or monthly?
- What's the difference between payroll and payslip?
- What is the HR's role in preparing payroll?

As I need to go for an interview, I need some inputs for that.

Thanks & Regards,
Deepika

Hi Deepika,

1) Does the basic percentage will be same or will differ from company to company and state to state?
No, it's not the same. It will differ from company to company as per their policy.

2) Medical reimbursement will be given annually or monthly?
It will be reimbursed annually by producing the necessary documents.

3) What's the difference between payroll and payslip?
Payroll is the process for generating the payslip for all. A payslip is the end process to show the earnings and deductions of all individuals.

4) What is the HR role in preparing Payroll?
Ensure all the attendance records according to individuals' presence and with the D.O.J & D.O.L, the salary and final settlement has to be done accordingly.

These are all the informations for your query up to my knowledge, and you should be thorough in Ms - Office, mainly in Excel and in any of the packages used.

Medical reimbursement policies may vary from company to company, such as monthly, quarterly, half-yearly, or annually.

Regards