A Time and Attendance system (T&A) is an essential part of everyday business, without it you can’t manage,

Peter Drucker, known as the man who invented modern business management is credited with the concept of

“If you can’t measure it, you can’t improve it.”.

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Payroll is a company’s list of its employees, but the term is commonly used to refer to:

• The total amount of money that a company pays to its employees
• A company’s records of its employees’ salaries and wages, bonuses, and deductions & taxes
• The company’s department that calculates and pays these.

Payroll in the sense of “money paid to employees” plays a major role in a company for several reasons.

From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and because they are subject to laws and regulations.

From a HR department’s viewpoint, the payroll department is critical because employees are sensitive to payroll errors.: Good employee morale requires payroll to be paid timely and accurately.

The primary mission of the payroll department is to ensure that all employees are paid accurately and on time with the correct deductions, this includes salary payments, tax deductions, and other deductions from pay checks.

The most important factor is to keep all stakeholders happy – Employee, Employer, Government & Unions.

A new era of innovation in workforce management is upon us — and Instruman is leading the way. Don’t get left behind.

For more information go to our products page or contact us for your free quote

A new era of innovation in workforce management is upon us — and Instruman is leading the way. Don’t get left behind.

For more information go to our products page or contact us for our obligation free quote