Payroll refers to the process of calculating, managing, and disbursing employee salaries, wages, bonuses, and deductions in compliance with labor laws and company policies. It encompasses salary computation, tax withholdings, statutory deductions, benefits administration, and financial reporting, ensuring accurate and timely payments to employees. A well-structured payroll system helps businesses streamline workforce compensation, maintain compliance, and enhance employee satisfaction.

Industries like manufacturing, retail, logistics, e-commerce, and facility management services (FMS) require efficient payroll management to handle diverse workforce types, including contract workers, gig employees, apprentices, and blue-collar workforce. By integrating automated payroll systems, companies can reduce errors, ensure timely salary disbursement, and maintain financial transparency while adhering to labor laws and tax regulations.