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(a) Explain the objective of payroll system. (b)Based on the options of either to hire new payroll staff or to outsource the payroll function, answer

(a) Explain the objective of payroll system.

(b)Based on the options of either to hire new payroll staff or to outsource the payroll function, answer the following information:

Payroll outsourcing concept

Advantages and disadvantages for each option. Provide example in your answer.

Possible risk for each option and the measure to minimize the respective risk.

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