Payroll's Function in Employee Satisfaction and Retention

Employees are the foundation stone for any company or business. The payroll procedure of a company is essential to retain employees.

The HR department in a company plays a significant role in hiring employees. Employees are hired based on their talents and skills, which will benefit the company.

The payroll procedure must be perfect to ensure that the employees choose to stay in the company. The employees will work for the company only when it pays them handsomely.

This may hamper the overall development of the company, primarily when a more significant mass of new individuals are recruited.

Hiring new individuals costs the company more money. The cost of hiring is inversely proportional to employee retention.

Employee satisfaction is essential to making the employees stay in the company. Payroll is significant in keeping the employees interested in the work field.

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