Payroll management

 Payroll management refers to the process of administering employee compensation, including salaries, wages, bonuses, and deductions. It involves calculating and distributing employee payments, ensuring compliance with tax laws and regulations, maintaining accurate employee records, and reporting payroll data to relevant authorities. Payroll management also involves handling employee benefits and ensuring compliance with labor laws and regulations related to pay and benefits. Effective payroll management is essential for ensuring timely and accurate payment to employees, maintaining employee satisfaction, and avoiding legal and financial penalties.