• BFSI,  Industrial

    What Are the Functions of Payroll Services vs. Human Resources?

    Payroll and human resources (HR) are two extremely distinct functions within a company. While payroll deals with the compensation of employees, HR primarily handles employee relations. However, there are situations where the two roles overlap, and are often performed by the same person, especially in a small company. While this arrangement might look good on paper, since it involves fewer employees to pay and an integrated approach to the functioning of the company, it can cause many problems. A company owner must know the differences in their functions and terminology, but also how the two functions can work together to produce better results. Functions of Payroll Payroll refers to the process…