PAYROLL MANAGEMENT

Payroll management is the process of managing employee compensation in an organization. This includes tracking employee hours, calculating wages, and withholding taxes and other deductions. Payroll management is a complex process that requires knowledge of employment law and tax regulations.

Organizations must ensure that they are compliant with all applicable laws and regulations when managing payroll. Non-compliance can result in significant penalties, including fines and back taxes. Additionally, organizations may be subject to audits by government agencies. As such, it is important to have a comprehensive understanding of payroll management before undertaking this task.

Implements, maintains, and reviews payroll processing systems to ensure timely and accurate processing of payroll transactions including salaries, benefits, garnishments, taxes, and other deductions.

Ensures accurate and timely processing of payroll updates including new hires, terminations, and changes to pay rates.