What is payroll? What is its importance?
1 min readApr 24, 2019
Payroll refers to the employees you pay, along with employee information. Payroll is also the amount you pay employees during each pay period.
Important of Payroll
Payroll is an integral part of all organizations. The payroll department is not only responsible for employees’ salary compensation, but it also plays a vital role in protecting the company’s reputation by ensuring compliance with various legislations. Too often, many view the payroll as merely a processing function. They fail to recognize the importance of payroll and the mammoth effect it has on businesses. Payroll affects every aspect of the organization, from the reputation of the company right down to the morale of its employees.
