Payroll management refers to the process of calculating and distributing salaries, wages, bonuses, and deductions to employees. It involves maintaining accurate records of work hours, tax withholdings, benefits, and compliance with legal requirements. The goal of payroll management is to ensure timely and accurate compensation for employees while adhering to labor laws and tax regulations. Effective payroll management also includes managing employee benefits, maintaining confidentiality, and ensuring that all relevant deductions are made and reported correctly.