The 6 Steps of the Payroll Cycle
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The 6 Steps of the Payroll Cycle
The payroll cycle, also known as the human resource management process, involves two systems: human resource management (hiring, training, evaluating, and firing employees) and payroll (paying employees for their services). The payroll cycle consists of the following steps: 1. Hiring/firing employees 2. Updating the payroll system (aka payroll ...
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