What does a payroll specialist’s daily role involve?

Understanding the Payroll Process: Key Stages and the Role of Payroll Specialists

Every month, the payroll process goes through several stages. Salaries include components such as wages, bonuses, allowances, and processed fringe benefits. Statutory deductions, like withholding taxes and social insurance contributions, are applied to each salary.

The entire payroll process involves multiple stakeholders, each adding their own complexities to the procedures. As different services and systems continue to evolve, the role of a payroll specialist also adapts and develops.