CHANGING. ADAPTING. EVOLVING
Payroll is going through a huge transition. No longer is it purely a transactional process, it’s now evolved to become more strategic.
Today, in addition to improving efficiency, payroll can deliver data-driven insights to help with decision-making — continuously adapting to meet your business needs — enhancing the employee experience along the way.
Get ready for the next chapter in payroll.
Our global survey explores how companies are transforming their worldwide payroll operations and where the biggest opportunities lie. Download your copy today.
Some of the key stats driving transformation:
- 32% of businesses are looking to adopt artificial intelligence to enhance their payroll processes over the next two to three years
- 26% of businesses want to improve employee experience to lower turnover and foster a culture of loyalty and engagement
- 26% of businesses want to digitalise the payroll process using digital tools and systems to automate tasks and improve efficiency
KEY FINDINGS FROM THE SURVEY
Securing payroll skills and talent — with greater expectations comes the need for more specialised skills to meet business’s strategic goals.
81% of organisations say they are upskilling existing payroll staff and changing how they work
Driving productivity and performance with AI and automation — more businesses are turning to tech tools to streamline processes and improve performance.
58% of organisations are looking into the use of AI technology to improve operational efficiency
Raising the bar on employee experience — businesses want to use innovative payment methods and services to deliver an improved service for employees, helping to maintain employee satisfaction and loyalty.
55% of organisations are introducing a mix of payment methods including mobile wallets or pre-payment cards
Delivering seamless system integration — organisations would like greater integrations of payroll data with other business systems to reduce time spent on managing data.
41% of businesses say they have integrated their accounting and finance systems with their payroll at a global level
Discover what senior leaders have to say about the future of payroll. Download ‘The potential of payroll in 2025’ report now.
