Respuesta :
The premium charged for a standard workers compensation policy is based primarily on a company's payroll.
In simple terms, payroll is defined as the process when a company's employees are paid . Payroll includes collecting the list of employees to be paid after that tracking the hours worked is done ,then the employee's pay is calculated, distributing the salary on time, and the payroll expenses are recorded.
In order to get these steps done, a lot of background work is involved in it because payroll is more than just about calculating paychecks.
It is an intricate set of process in which different teams are required to work in tandem. But all these complexities can be managed effortlessly by the standardization of the processes, after that selecting the right service delivery model, and then using modern technology to manage payroll operations.
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