Jeffrey J. Brown, the Principal, Human Capital Ernst & Young, said that strategy and delivery of payroll are continuing to evolve and shift to accommodate global advancement and growth that many organisations are experiencing today. Not only that, digital technology also creates both opportunities and challenges within organisations. Advances in third party payroll applications require organisations to rethink their payroll environments. Meanwhile, technological trends in the payroll domain have the potential to make payroll teams’ work easier and more efficient.
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Keeping payroll process updated is not an easy job. HR should always understand and know the latest trends as well as strategies to ensure that their payroll is conducted in the most efficient way. Leaders should not just acknowledge the latest taxation system but also know the right tools and regulations so the company could stay competitive in terms of employee satisfaction.
Kronos and APA study has identified a big perception gap between payroll teams and the rest of business. The study suggested that there are three payroll strategies professionals should keep up while keeping those perfect paychecks heading out on schedule.
Read also: Expert in Calculating Money? Be a Payroll Specialist