What is the main purpose of payroll system?

Essentially, payroll is the process by which an employer pays an employee for the work he or she has performed for the company. There is a need for any business which has employees to implement a payroll management process. The ability to manage payroll efficiently and effectively ensures that employees are paid accurately and consistently and gives the human resource department the chance to focus on more important aspects of their job. Although the payroll process appears to be simple at its core, it becomes more complex as there are a number of deductions that need to be taken into […]