Only 25% of Companies Have Strategically Advanced Payroll Programs, Research Reveals
TL;DR
Automated and strategically aligned payroll systems offer a 16X advantage in efficiency.
HR.com's Future of Payroll 2025 report emphasizes the need for strategic payroll management for cost savings and employee satisfaction.
Implementing modern payroll strategies can enhance employee experience and overall organizational efficiency.
The HR Research Institute's findings highlight the importance of automation and integration in improving payroll functions.
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A recent study by HR.com's HR Research Institute reveals a critical gap in organizational payroll management, with only 25% of companies operating payroll programs at advanced strategic levels. The research exposes substantial opportunities for businesses to improve operational efficiency and employee experience through technology integration and automation.
The study found that companies with more advanced payroll functions demonstrate significant advantages. These organizations are nearly 16 times more likely to have highly automated payroll systems, over 5 times more likely to adapt to economic trends, and more than 4 times more likely to enhance employee payroll experiences.
Despite these potential benefits, organizations continue to face substantial challenges in payroll transformation. Key obstacles include technology integration difficulties (43%), high technology system costs (41%), and inconsistent or minimal automation (33%).
Brent Skinner, Executive Community Leader at HR.com, emphasized the strategic importance of modernizing payroll processes. He noted that payroll professionals have an opportunity to transition from reactive, process-focused roles to more strategic organizational contributors by adopting innovative technological solutions.
The research suggests that businesses investing in modern payroll technologies can achieve multiple benefits, including improved operational efficiency, reduced costs, and enhanced employee satisfaction. As workforce complexity increases, organizations that prioritize strategic payroll management will likely gain competitive advantages.
Curated from Newsworthy.ai
