With the proliferation of remote working and work-from-home culture, the current payroll systems are proving to be inadequate. The time-keeping system is currently one of the main concerns for organizations. As employees juggle multiple works at home along with their professional tasks, an adaptive and more modern payroll system is the need of the hour. As a result, more companies are making sure they have robust time-keeping software as part of a highly integrated payroll system. Moreover, as recruitment and retention have become two hot-button topics across the world, not having an accurate and reliable payroll solution can lead to a costly mistake involving human resource and wasted time—the knock-on effects are just as devastating. And a payroll system that is “not well planned” can soon become clunky and hard to maintain as the company and its headcount grows. Therefore, it’s on the HR managers to select best-in-class solutions for their organizational needs.
Fully integrated payroll systems are already showing their advantages in terms of cost and ease of use. As the organizations grow, such systems are robust and flexible enough to grow with them. Especially imbued with the capabilities of artificial intelligence (AI), integrated systems are automating many of the tasks that would otherwise require manual intervention, thereby saving both cost and time for those businesses. Additionally, the demand for natural language processing (NLP) is also on the rise with the need to decode hand-written notes for medical reimbursements.
At this juncture, cutting-edge payroll solution providers with advanced and integrated offerings are on the rise. To help agencies strengthen their operations capabilities and simultaneously enable growth in the sector, HR Tech Outlook has compiled a list of the top payroll solution provider companies. The list comprises prominent organizations in the industry that address issues pertinent to payroll systems by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CHROs.
We present to you HR Tech Outlook’s, “Top 10 Payroll Solution Providers – 2020.”
