Guide

The Employee’s Payroll Terms and Definitions You Need to Know

Boost your workforce’s pay literacy with this overview of common payroll-related taxes, forms, concepts and more!

Key Takeaways

A solid understanding of key payroll terms supports your employees’ payroll literacy and preempts questions about their pay.

Knowing important payroll terms and definitions helps employees understand their benefits, pay types and tax withholdings.

Greater transparency into payroll practices improves employee morale, engagement and retention.

When payroll knowledge empowers employees, HR and payroll teams can spend more time on value-adding work.

Unless you’re in HR, payroll terminology and abbreviations can be intimidating. Employees want to understand these terms — and their pay — too! When everyone knows the process, that shared knowledge helps your organization:

enhance employee well-being
reduce payroll errors
boost compliance
and more

So how can you boost pay literacy, amplify engagement and reduce payroll errors in your organization? This resource filled with common payroll terms and definitions is a great place to start! From everyday concepts to federal laws impacting payroll, use this to help your employees grasp the process affecting them most.

To learn more, download the The Employee’s Payroll Terms and Definitions You Need to Know guide.