What is the definition of payroll processing?
Payroll processing involves paying employees for their time worked. It is a detailed task that requires good mathematical skills and solid problem-solving and organization abilities. It is the employer’s responsibility to ensure that payroll processing is done accurately and in a timely manner.Hourly EmployeesPayroll processing includes paying hourly workers. They are generally required to complete a weekly time card. They are paid, per hour, based on the amount stated on the time card.Salaried EmployeesSalaried employees are typically paid a set wage each pay date. They normally do not receive overtime pay.Time FramePayroll processing occurs a few days before the actual pay date. This enables enough time for direct deposit transfers and the correction of detected errors before employees receive their paychecks.StaffDepending on the company’s size, the payroll staff can include one or a combination of the following: payroll clerk, payroll assistant, payroll specialist, payroll supervis
