What is payroll processing services?
- 7 months ago
You mean HCM software?
What is HR System?HR System is designed for human capital management which is the comprehensive set of practices for recruiting, managing, developing and optimizing the human resources of an organization. HR systems are sold either as components of enterprise resource planning (ERP) systems or as separate products that are typically integrated with ERP. In these few years, on-premises HR System has been superseded by software as a service (SaaS) as the preferred deployment option. The functions of HR System are generally organized as the core employee record, which details personnel actions, benefits administration and payroll, position management and compliance with government regulations.
Info from: https://multiable.com/hcm
- VPLv 78 months ago
If you work for someone's business then you're on that business' payroll. And every two weeks (or so) most businesses collect the number of hours each employee worked and pays them their back pay. This is known as Payroll Processing.
A lot of businesses don't especially like doing this themselves and hire outside companies to do it for them. These outside companies are said to perform "Payroll Processing Services."
Now you have an idea of what it is.
- Anonymous8 months ago
Its in the title bro, payroll processing services. Wheres the confusion?