4 Payroll Objectives that will shoot up in 2016
The New Year- 2016 is nearing and we are all set to welcome it with joy, hope and enthusiasm. Interestingly, this year will evidently bring good news to businesses with what the payroll industry has to offer. With a continued effort of taking payroll online and also over cloud, businesses are all set to relish the benefits of 4 payroll objectives that will shoot up in 2016. Let us discuss in detai More
The New Year- 2016 is nearing and we are all set to welcome it with joy, hope and enthusiasm. Interestingly, this year will evidently bring good news to businesses with what the payroll industry has to offer. With a continued effort of taking payroll online and also over cloud, businesses are all set to relish the benefits of 4 payroll objectives that will shoot up in 2016. Let us discuss in detail-
1. Well Managed Payroll Data
Payroll data i.e. the minutest of details on employees’ payroll needs to be managed efficiently without redundancy, discrepancy and obsolescent information. Considering the fact that payroll is going global and is serving companies operating from several locations worldwide, Big Data and Analytics is the best solution for maximizing overall performance. There is an alarming necessity to export, import, study, modify, review and analyze payroll data such that it improves productivity in tenfold. As a result, payroll management service providers will strive to introduce means of strengthening payroll data for small and big organizations.
2. Flexible Work Strategy
With advanced methodologies introduced in the HR and payroll departments, use of biometric systems and other such technologies have empowered flexible working approach for employees. Number of hours worked, shift schedules and distinction between part-time or full-time employees is no more a worry to process payroll. Thus in the coming year, flexible work strategy will broaden the smiles on the faces of both employees and employers. Comprehensive employee management software will be more than welcomed by companies highlighting payroll being on top of their priorities.
3. Evolution of Mobility
Employee Self Service (ESS) has redefined the internal communication between employees and HR/ Accounts Departments. Such features being accessible online and on mobile invariably helps employees working in remote locations, clients’ places or in shifts. Also many administrative and payroll tasks are not subjected to be delayed till the availability of office desktop when the convenience of mobile payroll can be availed at all times and at all places. Consequently, the mobile growth on payroll in 2016 will witness some remarkable developments in premium payroll management software.
4. Beat Payroll Fraud
A large number of companies in the world have suffered from payroll fraud in the past and so security has been quite a big concern for one and all. Advancing technology though offering the best times to people has somewhere also led to an undeniable increase in crime over the web. To reduce the risk of payroll fraud for businesses, safe and secure payroll solutions will be in demand throughout the New Year and beyond. Beating payroll fraud will remain a preference for payroll service providers and a key criterion for organizations to filter their choices.
If you wish to embrace these 4 payroll objectives that will shoot up in 2016 and add more to your business yield, delay no further. We at PayWheel are all set to revolutionize the payroll solutions for the good. To get the best New Year deals on PayWheel, contact us today! There is no better time to implement or change a payroll service than now.