Payroll's function in protecting workers' financial security

Employers across the country, diversified across multiple industries utilize professional programs to improve employee retention rates and inculcate a culture of positivity and work-life balance in the workplace.

These include medical insurance, bonuses, incentives, access to mental and physical health programs, spiritual wellness programs, and more.

Financial literacy education at work can give employees better awareness and understanding of how money works and how to handle it responsibly.

Companies where financial literacy is a norm have reported lower attrition rates and higher attendance.

Payroll budgeting and planning is a critical component of Effective Payroll Management.