No items found.
FREE DOWNLOAD: 16 Must-Track Financial Metrics for Subcontractors
Download Now →
By clicking “Accept All Cookies," you agree to let Siteline store cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.
Construction glossary

What is Payroll?

Payroll, in the context of the construction industry, refers to the process by which a company pays its employees for their services performed within a specified pay period. It involves determining each worker's compensation, deducting appropriate taxes and other withholdings appropriately, and ensuring the net pay is transferred to the employee. In the construction industry, payroll can be complex due to the varied forms of employments like hourly wages, salaries, or contractual pay, and irregular work patterns. Payroll processes also play an essential role in construction project budgeting and cost management because labor often constitutes an important cost component. Therefore, effective payroll management is crucial in the construction industry.