Payroll accounting system
A payroll accounting system is a digital tool or online platform designed to manage all aspects of employee compensation, tracking work hours, calculating pay, applying deductions, and ensuring accurate payments for a business’s workforce. How Payroll Accounting Systems Support Businesses While payroll services differ in features, many offer significant benefits that streamline the payroll process. […]
Pay period
A pay period refers to a recurring timeframe, such as weekly, biweekly, or monthly, that an employer uses to calculate and distribute employee wages over the course of the year. Understanding How Pay Periods Work The pay period you select determines how frequently your employees will receive their earnings. For instance: Choosing the right pay […]
Passive candidate
A passive candidate refers to an individual who isn’t actively looking for a new job but has experience or qualifications that make them a strong match for open roles at a company. These individuals are not applying to jobs, yet they may be open to opportunities if the right one comes along. Why Passive Candidates […]