Payroll cycle refers to the recurring period in which an organization processes and pays its employees for their work. It represents the specific time frame within which all payroll-related tasks are completed, including the calculation of wages or salaries, deductions, allowances, and disbursing payments to employees.
An admin must generate the following reports every financial year:
- Employee information reports.
- Onboarding and Offboarding reports.
- Performance management reports.
- HR administration reports.
- Miscellaneous HR Reports for management.
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