HR Glossary
What is Payroll?
The process of calculating, distributing, and recording employee compensation, including wages, salaries, bonuses, tax withholdings, and benefit deductions, as well as the total sum a company pays its workforce during a given period.
Why it matters in hiring
Payroll comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.
Related terms starting with P
- PAYG - Pay As You Go (Australia)
- Payment of Bonus Act
- Payment of Gratuity Act
- Payment of Wages Act
- Payroll Compliance
- Payroll Cycle
- Payroll Deductions
- Payroll Processing
Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.
