Entering the second decade of the 21st century, the HR and payroll community have been overwhelmed by social and political changes affecting businesses worldwide, as well as the strong impact of technology in our daily and work lives.
What does the future of HR hold? The start of a new decade gives cause to reflect on what new advancements will occur in the HR and payroll industry.
There’s a common misconception that payroll offerings are only necessary when your organisation reaches a certain size. However, small companies should not overlook partnering with a payroll provider that fits their needs, especially when they’re looking to expand into new regions.
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.
The technological revolution in the payroll sector has been steadily advancing in recent years. However, with the rise—and demand—for contactless payments, payroll technology and cashless transactions increasing in the last few years, we now find ourselves at an exciting turning point in the industry. This is supported by global industry analyst Josh Bersin, who has rejoiced that the HR industry is being “boosted by billions in venture capital funding”.
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.
