The payroll function adds to organisational success by: (i)ensuring that employees are paid in a timely and accurate manner (ii)ensuring high morale and confidence in staff (iii)complying with all legislative requirements (iv)controlling salary and wage costs.
A)(i)only
B)(i)(iv)only
C)(i)(iii)only
D)(i)(ii)(iii)(iv)

Question

Quizplus · Accepted Answer

The payroll function contributes to organisational success by ensuring that employees are paid accurately and on time (i), which then leads to high morale and confidence in the staff (ii). Additionally, compliance with all legislative requirements (iii) is necessary for avoiding legal and financial penalties. Lastly, controlling salary and wage costs (iv) allows organisations to better manage their budget, which is also vital for success. Therefore, all options (i)-(iv) are important for the payroll function to contribute to organisational success.

The Payroll Function Adds to Organisational Success By: (I)ensuring That