10 January 2019 - Reading time: 5 Minutes
With the festivities over and the new year well underway, as we return to work, many may have already given up on their new year’s resolutions for 2019. However, when it comes to new year resolutions in the HR and payroll industry, there are many resolutions that HR and payroll teams should commit to which will ensure that their payroll is powerful and running efficiently throughout the year.
Keeping on top of new legislations and regulations both locally and globally is always a top priority for HR and payroll departments. Looking back to 2018 and the introduction of the General Data Protection Regulation (GDPR), it is plain to see that preparing in advance for any regulatory and operational changes is the way to minimise disruption. Adapting operations in advance of new regulations streamlines the transition and prepares employees for any new compliance procedures they need to adopt.
Leaving preparations to the last minute significantly increases the risk of non-compliance, which not only results in large fines but also significant brand damage and reduced trust in your organisation. However, it’s also important to be prepared for non-compliance too – what is the process if you do have a data breach? Make sure the department and organisation as a whole knows how to react, for example contacting the right authorities, notifying customers and swiftly rectifying the problem. When employees are familiar with the procedures, the potential damage can be controlled.
Data privacy is still at the forefront of people’s minds and so GDPR doesn’t mark the end of new legislations – there’s certainly more to come in 2019!
As we enter the new year, many still fear what the introduction of an automated workforce means for the future of work. However, embracing new technologies such as AI, machine learning and robotics will make the future of HR and payroll brighter than ever. For example, implementing automation to manage the monotonous back office tasks not only reduces the prospect of human error, but also frees up employees to focus on the more rewarding and value adding parts of their roles as the payroll department as a whole becomes more powerful.
AI can quickly increase the efficiency of the HR and payroll department, allowing the human workforce to do what they do best, running the monthly payroll and meeting employees face-to-face. Far from losing their job to robots, by embracing the future of work in 2019, HR and payroll professionals will enjoy their roles more as their jobs become less stressful and more fulfilling.
With humans working alongside the automated workforce and jobs becoming more satisfying, HR and payroll departments can also take a step towards improving the work / life balance of the workforce – always a hot topic in the industry. With technology managing the time consuming and distracting admin tasks, AI can also help improve the efficiency of the organisation in a variety of other ways too.
For example, the SD Worx Digital Assistant improves life both in and out of the office as it manages Out of Office messages, booking holidays, arranging sick leave and even ensuring that the route you take to your meeting is the most efficient.
These tasks usually add up and become time consuming, but having them all in one place and managed by artificial intelligence saves time and reduces the stress of having to stay on top of your own personal admin. Minimising the time these tasks take means that the human employees can really enjoy their downtime in 2019 as the automated workforce and new technologies take some of the strain.
Embracing these resolutions and making them part of the day-to-day running of your department empowers the payroll within your organisation as a whole. With these three resolutions you can reduce errors, increase the efficiency of HR and payroll operations and improve job satisfaction of your employees and ultimately ensure that 2019 is a success for your team.
To learn more about SD Worx and its Power of Payroll campaign, download its white paper on unlocking the power of payroll here.
Twelve months ago, HR and payroll teams around the world were preparing for the changes that the new General Data Protection Regulation (GDPR) was set to bring to the industry. So, how are they coping with compliance today?23 May 2019
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The Christmas festive period might be over, but winter is certainly not. With snow thick and fast in some regions, it’s understandable that HR and payroll teams may want to pack up and hibernate for the next couple of months.21 January 2019
Much of today’s media coverage on the introduction of technologies like artificial intelligence (AI) and machine learning in the workplace express concern over the future of the human employee. Many fear their roles will be replaced by an intelligent robot that is more efficient and cheaper to employ. However, this is far from the case. SD Worx advocates the future of HR tech, but we also understand that you can never take the ‘Human’ out of Human Resources! In fact, introducing these technologies to the HR and payroll department can only reaffirm the place of the human employee in the business world.30 December 2018
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Business leaders are always searching for dynamic new ways to improve their business strategy, but there's one source of data which still remains largely untapped. There is a wealth of potential strategy ideas to be found in a place businesses already have unrestricted access to - their payroll system.
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Nothing turns your working world on its head quite as much as a big, sudden change in the way you need to work or the way in which the company you're working for is run. Whether it's due to changes in law, different leadership or any other reason, keeping up with big changes can seem like a difficult task, and it's easy to get off track. But when it comes to adapting to those sudden changes and continuing to meet the needs of your business, there are a few things you can do to help you adapt quickly and be back to 100% in no time:15 October 2018
In the digital world, ensuring that you have a healthy work/life balance has never been so important. However, in this ‘always-on’ environment, it can prove difficult to step away from the world of work and to take that all-important break from your seemingly never-ending to do list. Some HR and payroll professionals see the introduction of HR tech as another cause of stress, with many fearing that it will threaten the future of the industry. However, the introduction of automation and other technologies could be the answer to empowering the HR professional and maintaining a healthy work/life balance.12 October 2018
It sounds too simplistic to say that your workforce is the beating heart of your company, but it’s true. However, many businesses don’t practice strategic human resource (HR) planning. So why is staff planning so important?8 October 2018
Summer is finally here—and before long it will be over. HR and payroll teams face various challenges over the summer months, from increased staff holiday to keeping track of summer interns and flexible working.16 July 2018
Payroll, and the importance of payroll, is everywhere. Whether in Italy, France, or in Belgium, payroll is a crucial part of any organisation. Employees are the heartbeat of an organisation, so ensuring that they are paid on time and correctly is essential17 May 2018
With just six months to go until the General Data Protection Regulation (GDPR) takes force, payroll departments need to ensure they know what’s coming, or risk paying for it later. The stakes are high, as businesses that fail to comply with GDPR could face fines of up to 4% of their total annual revenue.14 May 2018
With the 25th May deadline only a month away, it is more important than ever for HR and payroll departments to ensure that they are GDPR compliant. If organisations are not compliant the penalties are significant, with fines of up to €20m or 4% of global revenue, and companies will undeniably suffer from significant brand damage.
So, what should HR and payroll teams do during the next month to ensure that they are compliant and ready by the deadline?9 April 2018
With just three months to go until the General Data Protection Regulation (GDPR) comes into force, the clock is ticking for HR and payroll managers to get the systems and processes in place to ensure compliance. The regulation, coming into effect on 25 May 2018, updates data rights for today’s networked world and organisations ignore it at their peril. A major infringement could cost a company up to 4% of its global revenue while there is a penalty of 2% of global revenue if records are not in order or a supervising authority and data subjects are not notified within 72 hours when personal data is exposed in a security breach.19 March 2018
Once GDPR takes effect on 25th May 2018, organisations that fail to process data correctly, report security breaches within a set time period, or comply with data regulations, will face fines and brand damage. These legislative changes emphasise how HR and payroll professionals need to be more security-conscious than ever before.14 March 2018
PAREXEL provides best practice examples to international organisations.
With the General Data Protection Regulation (GDPR) coming into effect in May 2018, all organisations who handle data of EU citizens will need to comply with new guidelines. By nature, HR departments hold personal and sensitive employee data, including payroll data. However, with an increasing amount of payroll and HR departments adopting automated payroll processes, the question arises: how do you become compliant in a digital world, especially if you are an international company?12 March 2018
If you want to learn best practice in handling data in light of the General Data Protection Regulations (GDPR), you can do no better than to look at DuPont. Now part of science giant DowDuPont following a merger last year, data is part of the DNA of the organisation and it has a long history of embedding data protection into its culture.12 March 2018