Payroll Vocabulary Explained

We break down payroll’s complex terms from A to Z for easy understanding.

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

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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.

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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

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