Payroll Then vs Now 2: The evolution of Payroll Technology - The World is NOT Flat

With the advent of technology at the turn of the century HR has evolved into a critical business function enabling organisations to become more agile and efficient in achieving their objectives.

Initially, HR was commonly referred to as the personnel department, and was focused on administrative and legal aspects as well as employee payroll and paperwork processing. By 1990s, businesses started to explore global markets, leading to the creation of additional layers of business. Organisations began to view HR as a more critical business function which needed adequate support.

By early 2000, the landscape started to aggressively change as trade with emerging markets started to increase, leading to global operations and a diverse talent pool. HR’s role also evolved in tandem to cater to the strategic business needs such as strengthening workforce planning, talent management, and organisational structure.
As organisations attained more maturity through adoption of tools and software systems, it became necessary to further split the HR function into sub-processes, such as recruitment, learning and development, payroll and administration.

Around the end of the decade in 2010, cloud computing emerged as a game changing technology, redefining the business landscape. Seamless access to information over the cloud, made it easier for various sub-departments to collaborate and network better, eliminating the need for any resource to be present on-site..

Join us in this webinar as we explore the following topics:

1)    What has changed over the years – you’ll be surprised!
2)    Standardisation, scalability, global templates and localisation of payroll technology
3)    Achieving economies of scale
4)    The management of compliance rules in a transparent way
5)    Can technology really automate everything we do in payroll?