What does it mean to “run payroll”?
In: Economics
Different in each country, but here in the UK we need to assess employees to see if we need to put them into a pension, calculate taxes, pensions, student loans and court orders, report to the government, provide payslips, pay the government and the staff, generate reports, pay court orders. Typically we use software to do that. That’s the bit I would call running the payroll. Some may refer to processing leavers/starters/salary changes and overtime as part of running the payroll.
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