Defining the Payroll Policy | greytHR
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What is a Payroll Policy

A payroll policy, a set of procedures, is required to execute salary processing in a timely, accurate, consistent and transparent manner. Strict adherence will ensure employee satisfaction, right documentation and statutory compliances.

The company's various policies, such as pay policy, leave policy, benefits policy, attendance policy, etc., come into play at that time. As a first step, such policies must be well defined and approved by the management.

Referred in
Defining the Payroll Policy