Payroll Processing

What is Payroll Processing?

 

‘Payroll Processing’ refers to the processing of the salaries of all the employees in an organization. It includes the functions required to arrive at the ‘net salary’ of the employee and disburse the same to every employee.

 

However, it involves multiple other functions too apart from the salary calculations. It includes coming up with the various policies required to disburse the salaries which takes into account the deduction of taxes and well as the leaves taken and other factors in order to arrive at the final salary figure.

 

Even after arriving at the final net pay figure, one needs to cross check whether it is statutory compliant, make sure that the amount is disbursed accurately, and generate reports based on it.

More HR Terms

Employee Assistance Program (EAP)

What is Employee Assistance Program (EAP) ? ‘Employee Assistance Program’ or EAP helps the employees by lowering the effects of their personal problem on their

In-house Solutions

What is In-house Solutions?   ‘In-house Solutions’ refers to the products or services developed fully within a particular company. It is usually developed to address

Climate Surveys

What is Climate Surveys?   ‘Climate Surveys’ are the kind of surveys that measure comprehensive employee engagement and are not related to any specific department.

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’