The payroll management process refers to the entire set of activities that an organisation does during the process of administering and implementing payroll functions. In this process, usually, the businesses use payroll software solutions to manage multiple payroll-related tasks such as tracking of hours, managing leaves, bonuses, and deductions and recording employee details and managing salaries among other functions of payroll management.
The payroll management process also includes complying with all the legal requirements related to employee payments and putting in place a mechanism and system to address employee grievances.
The payroll management process is an integral part of any organisation that helps to establish integrity and financial stability.
