payroll

/ˈpeɪrəʊl/ noun

Definition

› [C] HR a list of the employees of a company showing how much each one earns: The company is growing fast, and increasing the number of staff on its payroll.

› [C] HR, ECONOMICS the total number of people employed by a company, or in an economy: The reduction in temporary hiring has led to the second successive month of falling payrolls.

› [C, usually singular, or U] ACCOUNTING the total amount of money paid to the employees of a particular company: payroll costs They operate with a strict $80 million payroll. On average, firms pay 10.45% of payroll into final salary pensions. The first thing the company must do to get out of trouble is to cut its payroll.

› [U] HR the activity of managing the money that is paid to employees: payroll administration/records/system His work is to manage the billing and payroll.

be on the payroll › HR to be employed by a particular company: The company yesterday confirmed that she was no longer on its payroll as a paid consultant.

(Definition of payroll noun from the Cambridge Business English Dictionary © Cambridge University Press)