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Payroll Management refers to the comprehensive process of administering employee salaries, wages, bonuses, deductions, and tax filings in an accurate and timely manner. It ensures that all employees are paid correctly and on schedule while maintaining compliance with local labor laws, tax regulations, and internal policies. Effective payroll management includes tracking attendance, calculating overtime, managing benefits and allowances, deducting income and social security taxes, and generating pay slips and reports. For businesses, a reliable payroll system not only enhances employee satisfaction and trust but also reduces the risk of financial penalties and legal issues. Professional payroll services help streamline these processes, allowing companies to focus on strategic operations while ensuring confidentiality and accuracy in employee compensation.