6 Key essentials to manage a smooth year-end payroll process
Year-end activity is one of the most critical processes in payroll management, as it directly impacts both employee satisfaction and the organisation’s reputation. Ensuring timely submission of statutory compliances is essential to avoid penalties and maintain employee trust.
A smooth year-end payroll closure can be achieved by following a standardised process with well-defined and precise activities. These steps ensure accuracy, compliance, and efficiency during this crucial time. Delays in submission not only lead to financial penalties but can also negatively impact employee satisfaction, as payroll accuracy and timeliness are fundamental to maintaining employee confidence.
Source: https://www.ramco.com/blog/pay....roll/6-key-essential
