Payroll is directly associated with employee compensation. If the system you use to process your payroll has a weakness, it could affect paycheck accuracy. Payroll involves more than simply compensating your employees for time worked, and inaccuracy may lead to consequences other than paycheck errors..
Payroll is an integral part of all organisations. 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 recognise the importance of payroll and the mammoth effect it has on businesses. Payroll affects every aspect of the organisation, from the reputation of the company right down to the morale of its employees.