Labour Remuneration and Management of Payroll Accounting in Business Organizations

Labour has been one of the vital factors, or has contributed a lot to the development of every organization. In fact, without labour, no organization can accomplish its objectives or goals. Hence, the existence of labour, just to ensure that organizational goals are achieved. In providing labour for production of goods and services, man is paid wages as a reward to labour, that is to say, Labour is essential to production without which production is incomplete. Wages (remuneration) as a reward to labour is a great incentive to workers to increase productivity Remunerations are therefore wages paid to stimulate labour and productivity Labour itself is the exertion of mental and physical human effort on production activities with a view to ensuring organizational goal and objective