28 November 2018 - Reading time: 3 Minutes
The HR and payroll industry never stands still and is moving at a faster pace than ever. With frequent updates to legislation, increasingly global operations and swiftly developing new technologies, the future of HR is set to look completely different to the industry of today.
Ensuring payroll is accurate and runs on time at the end of each month is certainly a vital part of the HR professional’s job, but so is preparing for the future – but what does that involve? Are you aware the new laws and legislations on the horizon that will affect how your organization’s payroll operates? Are you prepared to adopt the technology set to revolutionize your processes? Are you ready for the future of HR?
Although technology has already been widely adopted by the HR and payroll industry, there is still plenty room for improvement as new technology continues to advance. From the automation of mundane back office tasks to digital assistants, technology helps HR and payroll teams to focus on the ‘human’ tasks, and readdresses work-life balance.
With technology and humans working alongside each other—each doing what they do best—the HR and payroll department can become much more efficient, also reducing the risk of human error.
When it comes to the future of HR, technology should be steadily integrated into HR and payroll teams, with employees offered training to help with seamless adoption.
As the world becomes more conscious of the value of personal data and how organizations handle it, rules and regulations are constantly being updated and improved. The risks of non-compliance are significant, with news of data breaches causing global brand damage for some organizations, such as Facebook and British Airways, not to mention the significant fines in store for those that break the law.
In this environment, it is more important than ever to keep on top of the recent developments in international legislation, as it could completely revolutionise how your organization, and specifically the payroll department, handles its data. Just a handful of recent examples include:
The future of HR is bright when it comes to improving laws and legislations for both employees and customers. However, for organizations to thrive in this environment, HR and payroll departments need to take extra care to keep up with advancements in 2019.
As recently discussed by the Payroll Services Alliance, partnerships in payroll are flourishing. Rather than relying on disparate local systems, embracing international or global partnerships allows for expert payroll coverage.
Organizations no longer need a single, stock offering for payroll. Flexibility—when it comes to the future of HR—is key. Payroll partnerships offer strength in numbers by combining local and global offerings for organizations around the world.
Human Resources has always played a vital role in organisations around the world. However, throughout the long history of HR, its place in the business has often been reduced to an admin function. Primarily focusing on people and employees, an HR professional’s role has a direct impact on people’s lives, but its effect is felt way beyond this.
With it’s integral place within employees’ lives as well as the overall business strategy, how can HR ensure it’s strategic role continues to add value to organisations for years to come?
Whether a large multinational or a small business with fewer than 50 employees, investing in an HR and payroll offering can have a markedly positive impact on the business. In fact, small companies face many of the same challenges as larger organisations. From ensuring compliance to maintaining an efficient payroll procedure, there are a multitude of ways that small businesses can transform their HR and payroll operations. Here are four ways your business can benefit.17 February 2020
Human Resources is a data driven industry. With so much company and employee information available, the challenge for many HR professionals is how to utilise it most effectively. No organisation can survive without data, and its importance within the overall business strategy only continues to grow as we enter a new decade.
So, how can HR departments embrace and interpret their data, and what should they be looking for when they analyse it?23 January 2020
From being healthier to digital detoxes, many of us adopt resolutions at the start of the new year. However, it’s not only personal resolutions that should be set in January each year - professional goals should not be overlooked either. Employees might focus on their work/life balance or wellbeing, or might embark on various training sessions to improve their skills.
There’s no doubt that the world of work has changed in the past decade. Organisations have been more focused on employee wellbeing and happiness than ever before, with some even considering the option of a four-day working week. Wellbeing was also a key topic at the CIPD’s annual conference in Manchester this year, which provided attendees with the opportunity to discuss and debate how to successfully manage mental health and wellbeing in international organisations.19 December 2019
You now can get the most out of your payroll and HR data in six European countries
As a Workday Global Payroll Partner, SD Worx enables multinational organisations to (more) effectively manage their global workforce and efficiently process payroll. In November 2019, we reached a new milestone: the integration between SD Worx payroll and Workday is now also up and running in Switzerland.
Britain’s decision to leave the European Union has left many employees on both sides of the English Channel in limbo – uncertain about how long they will be able to live and work in the country they’ve come to call home.29 October 2019
The clock is still ticking on the UK’s exit from the European Union and we’re still in the dark about the terms of its departure or what impact Brexit will have on employment both in the UK and the 27 remaining EU member states. With or without a deal and faced with this level of uncertainty, HR and payroll teams need to stay up to date with their HR Brexit planning and be ready for all scenarios.11 October 2019
A recent SD Worx survey revealed that over half (57%) of European employees have the freedom to take a holiday when they choose. Although this can improve the work/life balance and autonomy of employees around Europe, it can leave departments a little stretched over the summer – a popular time to travel and enjoy the sun with friends and family. This can particularly affect the HR and payroll department – a business function that never stops.5 August 2019
It’s vital that global organizations are run as efficiently as possible. With potentially easy access to a broad and detailed selection of employee data, the HR and payroll department can ensure that the organization’s staff planning is accurately informed to better control staffing costs and improve efficiency across the business as a whole.
So, how can the HR and payroll professionals ensure that they are maximising the potential of the valuable data that lies at their fingertips?
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
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.10 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
Every company strives to have effective working practices that allow employees to work together to get the best possible outcome. Many employers choose to organise Christmas team building activities to help boost workplace morale, increase productivity and collaboration between departments.But does team building actually work? 21 November 2018
Business Studies 101 tells us staff are the most valuable and expensive resource within any company, but how can your business create an empowering atmosphere within which employees flourish and morale is high?6 November 2018
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.
So, how can both large and small companies start utilising payroll data today to breathe new life into stale strategies?24 October 2018
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