It is general knowledge that the heart of every organization is
the workforce that generates revenue. To manage high staff turnover
and to retain the best hands, implementation of global best
practices in relation to human resource functions cannot be
overemphasized, payroll management being an integral part.
In this part of the world, payroll management is traditionally
perceived as a low risk function and as such accorded minimal
attention. However, payroll management has become increasingly
complex for employers of all sizes in Nigeria. The Nigerian
business environment has been described as one of the most
challenging in Africa as businesses are required to obtain several
permits/approvals and comply with different laws and
regulations.
