People analytics is the use of employee and candidate’s data to understand their impact on business goals and assess the effectiveness of hiring and HR initiatives. People Analytics applies math, statistics, and modeling to candidate and employee data, or big data, to identify and predict patterns in all aspects of hiring and management and promotes positive employee experience. People analytics can be used in measuring employee retention rate, compare compensation, performance and attributes of the employees within the same team and gives a competitive advantage to top performing candidates and help in improving the hiring process by identifying the top performing candidates and understanding optimise spend on hiring.

Payroll software is an application that manages, organizes and automates employee payment. The software tracks all payments and maintains all the payment records. Payroll software varies in features and can be used by small businesses as well as large corporations. Effective payroll software will allow management to monitor time and attendance, tax information and pay structure. The software will integrate easily into existing company procedures.

Payroll is the total of all compensation a business must pay to its employees for a set period of time or on a given date. It is usually managed by the accounting or human resources department of a business. Small-business payroll is run by the owner or an associate.

Payroll processing is usually outsourced to specialized firms.

Payroll can also refer to the list of number of employees of a business and the amount of compensation due to each of them. It is a major expense for most businesses and is almost always deductible. It means that the expense may be deducted from gross income lowering the taxable income of the company.

Payroll and Payroll Solutions can differ from one pay period to another because of overtime, sick pay, and other variables.