Are you confused about a specific HR terms? Get solution about HR terminology with informative resource.
Fixed pay is a form of standard wages.
Payroll cycle is a system for managing employee movement within an organization.
Cost Overrun is when the actual cost of completing a project is higher than the estimated cost.
Loss of Pay (LOP) is a form of leave taken by an employee.
Payroll journal entries are transactions that record the salaries, wages of employees during a given payroll cycle.