The margin between unemployment and job opportunities have narrowed down drastically, thanks to the improved employee engagement methods. On similar lines, tracking the performance of the employees as well as streamlining the talent management workflow is no more confined to just automation—employers are looking at ways to integrate the latest technology in order to level up performances, thereby increasing the profitability.
For instance, businesses are stressing more on the two-fold integration of human capital management (HCM) systems. Besides the conventional method of sending data from HCM to the payroll systems, the payroll data will now be sent back to HCM platforms, thus allowing for more accurate payroll information. In addition, organizations realize the benefits of transitioning infrastructure to the cloud; they are experiencing regular upgrade of software programs, while the information is seamlessly archived for future references. With artificial intelligence (AI) working at the backdrop, businesses are experiencing better data security along with compliance. All these factors are undoubtedly aligned with a significant objective—harmonizing the payroll process, resulting in higher employee satisfaction rate.
While cutting-edge technology ensures quality for the payroll industry, it is an uphill task for organizations to decide on one from the extensive assemblage of trends. To make this task easier, a distinguished panel comprising CEOs, CIOs, VCs, Analysts, and the editorial board of HR Tech Outlook has selected a list of payroll solution providers.
We present to you HR Tech Outlook’s “Top 10 Payroll Solution Providers 2019.”