For many people, Payroll is merely a bottom line —— the net amount on their payslip and the deposit in their bank account at the end of each working week, fortnight, or month. Some individuals may not even be familiar with the term ‘Payroll.’ They may ask, ‘What’s that?’
It is important to note, that Payroll is not equivalent to accounts, HR, or finance. It is entirely separate and deserves recognition on its own.
What many people fail to realise is that the Payroll function within any organisation is the driving force behind the scenes. Not only does it keep the business moving forward, but it also enables it to exceed expectations, provided that the Payroll function runs smoothly and accurately.
Securing top talent is crucial for business growth. While attracting highly skilled individuals with vast knowledge and experience is important, ensuring they are compensated accurately for their contributions is essential. If you fail to compensate them in an accurate and timely manner, while also adhering to the ever-changing Irish legislation, the likelihood of retaining your employees long-term is very slim.
Unlock your organisation’s hidden potential by acknowledging the vital role of Payroll. Connect with Evergreen Payroll for expert guidance.