“Running payroll”

Question

What does it mean to “run payroll”?

In: Economics

Answer 1

A lot of smaller and mid-size companies outsource their payroll and HR work to other companies (e.g. Paycor, Paychex, ADP). When they “run payroll” they are reporting the hours each employee worked to that payroll company so you get paid correctly and on time (usually). “Running payroll” is just a shorter way of saying that.