Employees are considered to be the most important asset for an organization. Therefore, companies spend copious amounts of time in recruiting, training, and maintaining sufficient employment for their business operations. Payroll processing is an extremely important task within an organization. Employees need to be able to rely on being paid on a consistent basis without any delays.
Dynamic taxes, employee regulations, wage levels and labour market conditions are some of the factors which make payroll a complex and time consuming task to perform but timely payroll process is important for employee benefit and for maintaining compliance with the law.