Hello, Please i need to know if payroll should be under HR or Finance?
From Nigeria
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From Nigeria
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Dear Rosy, Payroll is a part of HR and Payroll is linked with Financial matter so also related to Finance. Its on company policy how they take it.
From India, New Delhi
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68From India, New Delhi
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Hi,
The departments in the organizations are interlinked. The HR department would plan, and the finance department would execute in the case of payroll. For instance, training would be scheduled and implemented by HR under the budgeting of the finance department.
CRK
From India, Vijayawada
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The departments in the organizations are interlinked. The HR department would plan, and the finance department would execute in the case of payroll. For instance, training would be scheduled and implemented by HR under the budgeting of the finance department.
CRK
From India, Vijayawada
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Payroll has two parts. The first one is earnings, based on actual attendance - including Basic pay, DA, HRA, allowances, PF, and ESI documentation which are also included under HR. The second part consists of deductions like PF, ESI, Professional Tax, TDS, and recovery of loans.
Typically, the earnings part is covered under HR, while the deductions part is managed by the Finance department. However, in small companies without a dedicated HR department, the Finance team oversees the entire payroll process.
Thanks,
VIJAY
From India, Hyderabad
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Typically, the earnings part is covered under HR, while the deductions part is managed by the Finance department. However, in small companies without a dedicated HR department, the Finance team oversees the entire payroll process.
Thanks,
VIJAY
From India, Hyderabad
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Hi,
Payroll is an interlinked function of both departments. Nowadays, few organizations have started to create a particular department consisting of both finance and HR people to handle this function. CRK has correctly said that HR prepares the data based on company policies, and finance executes the data.
From India, Delhi
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Payroll is an interlinked function of both departments. Nowadays, few organizations have started to create a particular department consisting of both finance and HR people to handle this function. CRK has correctly said that HR prepares the data based on company policies, and finance executes the data.
From India, Delhi
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Payroll can be part of HR or Fianace, depends on the orgaization structure and size and expertise. However, it is a better practice to have payroll as part of HR with close liaison with finance.
From Pakistan, Karachi
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From Pakistan, Karachi
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Actual Payroll is under the Time Office _ Part of HR , because the Attendance collection is under time office so i think payroll processing should be under the HR
From India, Gurgaon
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From India, Gurgaon
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