Payroll

A payroll is a list of employees working for a company. It contains information on how much each employee should be paid, and some of the work benefits on offer.

It’s normally managed by an accounting or HR department, a dedicated payroll team, or outsourced to specialist firms.

The term payroll can also refer to the overall process or department that is concerned with pay-related tasks. This includes delivering pay stubs, processing salary changes, maintaining compliance with tax laws, and keeping all relevant records on file.