GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What sections should a business plan include?
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business plan
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What is a functional area of a business?
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HR department
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Detailed explanation-1: -The main function of human resources is to take care of employee relations, while the payroll function deals with the financial compensation of those employees and the process by which they get paid. These two departments have distinct responsibilities in an organization, however they do have areas where they overlap.
Detailed explanation-2: -Payroll is defined as the process of paying salary to a company’s employees. It starts with preparing a list of employees to be paid and ends with recording those expenses. It’s a tangled process that needs different teams such as payroll, HR and finance to work together.
Detailed explanation-3: -The payroll department delivers payroll checks, maintains compliance with tax laws, records paperwork for new hires and edits existing employee files. Payroll professionals are also responsible for calculating reimbursements, bonuses, overtime and holiday pay.
Detailed explanation-4: -Recruitment & selection, performance management, learning & development, succession planning, compensation and benefits, Human Resources Information Systems, and HR data and analytics are considered cornerstones of effective HRM.