Why is Payroll Management Important?

 


Payroll management is managing and organising the payment of employees’ salaries, wages, bonuses, and deductions. It is essential to run an organisation and plays a crucial role in maintaining employee morale, ensuring legal compliance, and promoting financial stability. In this blog post, we will explore the importance of the payroll management process and its benefits to business of all sizes.


Comments

Post a Comment

Popular posts from this blog

The Maternity Benefit Act, 1961 – Overview

Image
Introduction Comprising half the population, women make up a crucial chunk of the workforce. Employment demands the need to balance work and child-bearing and child-rearing responsibilities. The Constitutional framework endeavours to provide equality to women in all walks of life. In furtherance of this pursuit, the Maternity Benefit Act, going along the lines of the International Labor Organisation, aims to grant maternity protection to women.  The Maternity Benefit Act of 1961  and the very recent  amendment of 2017  ensure active participation in economic activities post maternity. The gradual change that society has undergone demands that women have not become vulnerable during the fragile phase of pregnancy. Hence, the Maternity Benefit Act ensures that a woman has equal protection to employment during pregnancy so that it does not impact women, their productivity or economic growth. Keep Reading  
Read more