Managing employee payments and related financial activities.
payroll – the total amount paid to employees for services they provided during a certain period.
gross pay – total amount of money earned by an employee before deductions.
net pay – amount of money an employee takes home after deductions.
deductions – amounts subtracted from an employee's gross pay.
benefits – forms of value, other than payment, that are provided to the employee in return for their contribution to the organization.
wage garnishment – a legal procedure where a portion of an employee's earnings are withheld for the payment of a debt.
payroll tax – a tax imposed on employers or employees, usually calculated as a percentage of the salaries that employers pay their staff.
timekeeping – tracking and managing the amount of time employees spend on the job.
compensation package – the combination of salary and fringe benefits an employer provides to an employee.
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commission – compensation based on a percentage of sales made.
stock options – the right to buy a company's stock at a predetermined price.
Jakub Marian