Payroll and Human Resource

Payroll refers to the process of compensating employees for their work. It includes calculating wages, withholding taxes, and ensuring employees receive their salaries on time. Payroll management is critical to maintaining employee satisfaction and compliance with labor laws.
Payroll and HR departments work closely together to manage employee compensation, legal compliance, and workforce engagement. HR provides payroll with employee data, including salaries, benefits, and deductions. Payroll ensures employees are paid correctly and on time.

  • Key Functions of Payroll:

    • Salary Calculation – Computing wages, bonuses, and overtime.

    • Tax Deductions – Withholding income tax, social security, and benefits.

    • Compliance – Ensuring adherence to labor laws and tax regulations.

    • Payroll Processing – Disbursing salaries through direct deposits, checks, or other payment methods.

    • Record Keeping – Maintaining payroll records for audits and legal compliance.