Chapter 14, Problem 4DQ

Summary Introduction

To explain: The significance of the employee/payroll master data in relation to the HR function and payroll function.

Introduction:

Human resource (HR) management and Payroll process:

Human resource management is about the basic human management functions in an organization and its associated activities. It also speaks about the relationship between human resource management activities and the payroll process. It also depicts the importance of HR activities in the decision making of the top management.