Payroll

/ˈpeɪˌroʊl/

Meaning & Definition

noun

The list of a company's employees and the amounts of money they are to be paid.

The payroll for this month has already been processed and distributed.

The total amount of money that a company pays to its employees for a given period.

Due to the increase in staff, our payroll expenses have risen significantly.

The administrative process of paying employees.

The company outsourced its payroll to improve efficiency and accuracy.

The term 'payroll' originated in the early 20th century, combining 'pay' and 'roll', referring to a roll or list of employees that received pay.

on the payroll

To be officially employed and receiving salary from a company.

payroll taxes

Taxes withheld from employee wages by the employer.

payroll department

The division of a company responsible for processing employee payments.

wages

Payments made to employees for their work, typically on an hourly or daily basis.

salaries

Fixed regular payments made to employees, typically expressed on an annual basis.

compensation

The total monetary remuneration or payment given to employees for their work.

getting paid

I'm just waiting for payroll to come in so I can pay my bills.

the money flow from work

Once you hit payroll this week, you'll be in the green again.