6 Challenges of Managing Payroll Operations and How Software Solutions Can Help

The worldwide pandemic has brought inefficiencies and difficulties, such as payroll and compliance challenges, that many companies were unprepared to face. Businesses must evolve quickly and implement processes and systems to stay up with the faster rate of change. This was true before the pandemic and has grown increasingly important in addressing existing issues that have only been amplified. Organizations will be unable to grow or handle massive changes, including large-scale hiring to address new company requirements, regulatory changes, or system upgrades, unless they have the appropriate payroll technology. As some personnel continues operating remotely, antiquated technology and methods pose security risks. According to the Payroll Benchmarking Report by Deloitte , the number of errors and the time it takes to fix them are two of the most crucial performance indicators of payroll performance. The time lost on payroll errors prevents payroll personnel from working on value-a...