Payroll is the process of managing employee compensation, including calculating wages, withholding taxes, and distributing payments, handled by HR or a dedicated team.
- What is payroll?
Answer: It is the process of calculating and distributing employee wages. - What does it involve?
Answer: It involves wage calculation, tax deductions, and payment issuance. - Who manages it?
Answer: HR or a payroll department manages it. - Why is it important?
Answer: It ensures timely and accurate employee compensation. - What are the challenges?
Answer: Challenges include compliance and errors.
