What are the key steps to managing payroll in the hospitality industry?

Managing payroll in the hospitality industry involves a series of critical steps to ensure accuracy, compliance, and satisfaction among employees. This includes understanding industry-specific considerations such as managing tips, handling overtime, and accommodating seasonal staffing fluctuations. A comprehensive step-by-step guide for hospitality business owners covers everything from setting up a payroll system to handling end-of-year tax documents, ensuring a smooth and compliant payroll process.