What are the policies and procedures for payroll?

A payroll policy describes the payroll process as it covers the administration of the salaries, timekeeping, payroll schedules and payment methods of the employees of an organization.

A payroll policy covers the payroll processing services provided by payroll, the legislative requirements it must comply with and to determine the employment status of workers.

This policy explains the types of wages your employees may receive. Wages may be minimum wage, fair wage, and a living wage.

Payroll is a critical piece of employment in any organization. It brings a lot of challenges for processing the payroll of an employee.

Payroll procedures are controls, guidelines, methodologies, and policies that are established for the proper control and handling of payments to employees.