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Payroll refers to the process by which employers calculate and distribute compensation to their employees for the work they have completed. It involves various tasks, including calculating wages, withholding taxes and other deductions, and ensuring that employees receive their netpay. What are the advantages of using Payroll?
This visibility is crucial in terms of communicating the value of benefits beyond netpay, adds Williams. For HR and payroll teams, however, all of this adds to the growing complexity of the role and the underlying technology that supports it. It is more complex but potentially more meaningful,” he explains.
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