Monthly Payroll

Monthly payroll refers to the process companies use to calculate and distribute employees' wages each month. It involves determining gross pay based on hours worked or salary, subtracting deductions like taxes and benefits, and then issuing the net pay to employees. Payroll also includes managing contributions to social security, retirement plans, and other withholdings. The process ensures employees are paid accurately and on time, while complying with legal and organizational requirements. Efficient payroll management is vital for employee satisfaction and legal compliance.