IMPACT OF EFFECTIVE PAYROLL MANAGEMENT ON EMPLOYEE PERFORMANCE: AN EMPIRICAL ANALYSIS FROM PHARMACEUTICAL SECTOR OF PAKISTAN

Abstract

Purpose Pharmaceutical industries develop and produce pharmaceutical products. HRiVI is the industry’s key center for implementing activities such as training and growth, recruiting and selection, labor relations, and compensation and benefits. These procedures are concerned with the use of human resources to carry out tasks in order to meet industrial goals and objectives. Unfortunately, HR practices have remained largely unexplored, especially in the context of pharmaceutical industries, particularly in Pakistan. Many research studies have been conducted in various fields of human resource practices, but sadly, few studies have been conducted to determine if there is a connection between payroll management and employee performance. The purpose of present research is to determine connection between payroll management and employee performance. Methodology & Design Research approach used in present investigation is quantitative. According to intent type of research the present study is descriptive Research. Research design selected for the study is descriptive. Findings Findings concludes that research purpose have significantly achieved and research article highlights the connection between payroll management and employee performance. All the variables were found to be significant except one. Limitations a limited time frame with a specified sample size. This research study has been conducted ovei difficult to generalize the overall findings. Sampling technique was convenience limited. This study is specific to pharma Hence it is due to companies of Pakistan companies only. which generalizability ot this study is • therefore all the analysis and outcomes are limited to a chosen Recommendations • From the findings, the researcher recommends that the Human Resources Manager should develop systems that will ensure that there is a proper payroll management system that entails proper job evaluation processes and pay structures in the organization. • The study recommends that companies should involve human resource more in the strategy formulation and implementation so that future studies could found positive relationship between strategy and employee performance. Employee performance measurements are essential for achieving the ultimate goal of organization that is more and better organizational performance.