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HR.com’s Future of Payroll: New Trends 2024 - How payroll continues to evolve in the face of new opportunities and challenges
HR Research Institute Research Report and Infographic
February 2024
Many of today’s payroll functions are not the strictly administrative types of
yesteryear. Indeed, about half are quite strategic. Why the shift? One reason
is simply the amount of change in the system. These include evolving
regulations, new technologies, and evolving payroll offerings. This study will
help payroll leaders understand what their peers are experiencing and what is
viewed as most important.
Did you know?
Only 16% of the responding organizations rate themselves as highly strategic
on the HR Research Institute’s Payroll Maturity Model.
Almost half of the respondents (46%) say payroll is automated to a high or
very high degree.
Only one in 20 organizations has suffered a payroll system security breach in the past two years.
To learn more about the Future of Payroll 2024 survey and to get strategic outcomes and 10 key takeaways from this exclusive HR.com Research Institute research, please read the complete report here:
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Advisory Board
The HR Research Institute is honored to have this esteemed group of professionals join our HR.com’s Future of Payroll: New Trends 2024 advisory board to help guide HR.com's primary research. The advisory board's goals are to influence the HR industry's thought leadership and best practices and to advance the competencies and skills of HR professionals.
Hristina Atanasova, Associate Director of Payroll, ImmunoGen
Todd Grierson, Strategic Partnerships, BambooHR
Jason Gwizdala, CTO and Co-Founder, Immediate Financial
Kavitha Lakshminarayan, Global HR and Payroll Administrator, HR.com
Anita Lettink, Future of Work Keynote Speaker | HR & Payroll Technology | Pay Transparency | Author | Officeverse Explorer, Strategic Management Center
Dar Miranda, VP, Product Management, DailyPay
HIGHLIGHTS FROM THE RESEARCH:
Most payroll departments are neither highly strategic nor completely administrative but find themselves somewhere in between
Over two-thirds of organizations have recently redesigned their payroll strategy, are in the process of doing so, or plan to do so in the coming year
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