Payroll meaning in English
Learn how to use Payroll correctly with Gymglish.
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Definition
the payroll: the total amount of money paid in wages; the list of employees and their wages
Payroll can also mean "the employees of a company".
Delavigne has over 5,000 employees on the company payroll.
The payroll of the company has steadily increased over the past twenty-five years.
Examples
- "It features payroll management, and shipping tracking functionality."
- "There are many things to consider at the end of the year, and we certainly have some important decisions to make regarding departmental budgets and personnel payroll."
- "It has very, err, primitive spreadsheet capabilities and the payroll program still measures French currency in Francs."
Exercise 1
Let's take a closer look at some financial vocabulary, ok?
Fill in the blanks below with terms used in Bruno's speech.
These are the fixed costs or expenses of running a business including rent, utilities, and taxes, etc.
This is a period of economic decline or recession.
In a company, this term is the sum of all financial records of salaries, wages, bonuses, and deductions.
Fill in the blanks below with terms used in Bruno's speech.
These are the fixed costs or expenses of running a business including rent, utilities, and taxes, etc.
"Our is high this year, since we expanded and moved to bigger offices".
This is a period of economic decline or recession.
"The housing market took a and many people were not able to sell their houses".
In a company, this term is the sum of all financial records of salaries, wages, bonuses, and deductions.
"The personnel is too high, we might need to cut some salaries".
Let's take a closer look at some financial vocabulary, ok?
Fill in the blanks below with terms used in Bruno's speech.
These are the fixed costs or expenses of running a business including rent, utilities, and taxes, etc.
This is a period of economic decline or recession.
In a company, this term is the sum of all financial records of salaries, wages, bonuses, and deductions.
Fill in the blanks below with terms used in Bruno's speech.
These are the fixed costs or expenses of running a business including rent, utilities, and taxes, etc.
"Our overhead 1 is high this year, since we expanded and moved to bigger offices".
This is a period of economic decline or recession.
"The housing market took a downturn 2 and many people were not able to sell their houses".
In a company, this term is the sum of all financial records of salaries, wages, bonuses, and deductions.
"The personnel payroll 3 is too high, we might need to cut some salaries".
1 overhead: In a financial context, "overhead" is the fixed costs of running a business, such as rent, utilities, etc. Bruno says "I'm pleased that our overhead remains relatively low despite our progressive expansion." This means that the company's operating expenses are still quite small despite the fact that it is growing progressively. In another context "overhead" can mean literally above one's head.
2 downturn: A "downturn" is a period of economic decline, for example: We are currently experiencing a downturn, and I doubt we will be able to expand this year. Bruno says that "despite the current economic downturn, I'm optimistic that this coming year will be good for us." This means that even though there is a period of slow economic growth (or even decline), he is confident that the Delavigne Corporation will perform well.
3 payroll: The "payroll" of a company refers to the cost of paying the salaries of a group of employees. Bruno says "We certainly have some important decisions to make regarding...personnel payroll." This means that the company needs to make some decisions about staff salaries. Note that "payroll" can also refer to a list of employees to be paid, with the amount due to each.
Exercise 2
True or false? Edward is not eligible for Delavigne's 401(k) plan because he is not a full-time employee on the company payroll.
True or false? Edward is not eligible for Delavigne's 401(k) plan because he is not a full-time employee on the company payroll.
This statement is true. Kate Baker tells Edward: "I'm afraid the 401(k) plans are reserved for full-time, salaried employees". That means that only full-time, salaried employees are eligible for Delavigne's 401(k) plan. "To be on the company payroll" means "to receive a regular salary from a company", because a "payroll" is a list of the employees of a company and their wages.
This statement is not false.
Exercise 3
"The company's revenues amounted to $910 million in 2003"
From the list below, choose the phrase which best defines "revenues".
From the list below, choose the phrase which best defines "revenues".
"The company's revenues amounted to $910 million in 2003"
From the list below, choose the phrase which best defines "revenues".
From the list below, choose the phrase which best defines "revenues".
A company's revenues are different than their profits, although these terms are sometimes used interchangeably. A company's revenues take into account the total amount of money earned from sales of goods and services, whereas a company's "profits" take into account the revenues after deducting the operating costs (payroll, transportation, expenses, etc).
The total payroll of a company is a different calculation than the "revenues". The "payroll" of a company refers to the cost of paying the salaries of a group of employees.
"Revenue" is income from sales of goods and services in this context. Here "total sales" and "revenues" refer to the same thing: the total amount of income generated from the sales of Delavigne's products.
Exercise 4
Let's take a closer look at some financial vocabulary, ok?
Fill in the blanks below with terms used in Bruno's speech.
These are the fixed costs or expenses of running a business including rent, utilities, and taxes, etc.
This is a period of economic decline or recession.
In a company, this term is the sum of all financial records of salaries, wages, bonuses, and deductions.
Fill in the blanks below with terms used in Bruno's speech.
These are the fixed costs or expenses of running a business including rent, utilities, and taxes, etc.
"Our is high this year, since we expanded and moved to bigger offices".
This is a period of economic decline or recession.
"The housing market took a and many people were not able to sell their houses".
In a company, this term is the sum of all financial records of salaries, wages, bonuses, and deductions.
"The personnel is too high, we might need to cut some salaries".
Let's take a closer look at some financial vocabulary, ok?
Fill in the blanks below with terms used in Bruno's speech.
These are the fixed costs or expenses of running a business including rent, utilities, and taxes, etc.
This is a period of economic decline or recession.
In a company, this term is the sum of all financial records of salaries, wages, bonuses, and deductions.
Fill in the blanks below with terms used in Bruno's speech.
These are the fixed costs or expenses of running a business including rent, utilities, and taxes, etc.
"Our overhead 1 is high this year, since we expanded and moved to bigger offices".
This is a period of economic decline or recession.
"The housing market took a downturn 2 and many people were not able to sell their houses".
In a company, this term is the sum of all financial records of salaries, wages, bonuses, and deductions.
"The personnel payroll 3 is too high, we might need to cut some salaries".
1 overhead: In a financial context, "overhead" is the fixed costs of running a business, such as rent, utilities, etc. Bruno says "I'm pleased that our overhead remains relatively low despite our progressive expansion." This means that the company's operating expenses are still quite small despite the fact that it is growing progressively. In another context "overhead" can mean literally above one's head.
2 downturn: A "downturn" is a period of economic decline, for example: We are currently experiencing a downturn, and I doubt we will be able to expand this year. Bruno says that "despite the current economic downturn, I'm optimistic that this coming year will be good for us." This means that even though there is a period of slow economic growth (or even decline), he is confident that the Delavigne Corporation will perform well.
3 payroll: The "payroll" of a company refers to the cost of paying the salaries of a group of employees. Bruno says "We certainly have some important decisions to make regarding...personnel payroll." This means that the company needs to make some decisions about staff salaries. Note that "payroll" can also refer to a list of employees to be paid, with the amount due to each.
Exercise 5
"The company's revenues amounted to $910 million last year"
From the list below, choose the phrase which best defines "revenues".
From the list below, choose the phrase which best defines "revenues".
"The company's revenues amounted to $910 million last year"
From the list below, choose the phrase which best defines "revenues".
From the list below, choose the phrase which best defines "revenues".
A company's revenues are different than their profits, although these terms are sometimes used interchangeably. A company's revenues take into account the total amount of money earned from sales of goods and services, whereas a company's "profits" take into account the revenues after deducting the operating costs (payroll, transportation, expenses, etc).
The total payroll of a company is a different calculation than the "revenues". The "payroll" of a company refers to the cost of paying the salaries of a group of employees.
"Revenue" is income from sales of goods and services in this context. Here "total sales" and "revenues" refer to the same thing: the total amount of income generated from the sales of Delavigne's products.
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