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Human Resources » Compensation & Benefits


Chrm Message From: almeida.m Total Posts: 2 Join Date: 01/01/2017
Rank: Beginner Post Date: 01/01/2017 03:33:43 Points: 10 Location: India

Hello,

I want to know if payroll just means salary payout and related activities like PF, ESIC, TDS etc. or there are some more activities that form a part of this sub-function?

Can you enlighten on this subject please.

Thanks,

Almeida

Chrm Message From: gunjan_kothari Total Posts: 11 Join Date: 01/01/2017  
Rank: Executive Post Date: 01/01/2017 03:36:03 Points: 55 Location: India

In simple terms, it is the relation between employee and employer in the monetary terms in accordiance to the services rendered by employee to the company. To answer your question, it can include salary, bonus, incentives, perquisites etc. 

 
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