Payroll is a process of calculating the salary of all the employees of a company based on their pay scale, attendance, performance, allowances and perks. Pay functions involve reconciling payroll data as well as depositing and reporting taxes. Payroll HR, normally referred to as payroll department, handles all the aspects of the employment and benefits of each employee of the company. The team also has to keep in the mind the payroll budget of the company. Payroll functions may span across multiple departments due to the ever-increasing complexities. So payroll is a part of the human resources and is an integral part of any organization. It extends to a fairly wide range of labour and administrative issues.
In addition to managing the salary and related issues, but it also complies with various government legislation and safeguards the company.
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