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Payroll & Employee Benefits

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Payroll & Employee Benefits

Payroll-&-Employee-Benefits

The term “payroll” really refers to a company’s roster of workers who are compensated. Most businesses, on the other hand, use the phrase to refer to the money given to employees or the records that show how much each person earns.

Payroll can also refer to the firm, department, or programme that processes employee paychecks and taxes, as well as the process of calculating and delivering them. Time and attendance tracking is valuable to payroll. Whether employees are salaried or hourly, time and attendance tracking can help to ensure that employees are being paid the correct amount for time worked and can cover a company from a legal standpoint. When time and attendance tracking functions and payroll functions are done electronically, it can be very helpful to connect the systems so that hours worked can be seamlessly imported into the payroll system.