What's the difference between payroll and C&B?

Payroll is primarily concerned with the process of calculating and distributing employee salaries, wages, and bonuses. It involves tasks such as tracking work hours, calculating taxes and deductions, and ensuring that employees are paid accurately and on time.

Payroll and C&B (Compensation and Benefits) are two related but distinct functions within an organization.

Payroll is primarily concerned with the process of calculating and distributing employee salaries, wages, and bonuses. It involves tasks such as tracking work hours, calculating taxes and deductions, and ensuring that employees are paid accurately and on time.

On the other hand, C&B encompasses a broader range of elements related to employee compensation and benefits. This includes not only salary and bonuses, but also benefits such as health insurance, retirement plans, paid time off, and other non-monetary perks. C&B professionals are responsible for designing, implementing, and managing these programs to attract and retain talent, as well as ensuring they comply with legal and industry standards.

In summary, while payroll focuses specifically on the monetary compensation of employees, C&B takes a more holistic approach, encompassing both monetary and non-monetary elements of employee compensation and benefits.