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English definition of “payroll”

payroll

noun     /ˈpeɪrəʊl/
[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)
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