More than a payroll market trend, digitisation continues to shape the way we work, how we get paid, and everything in between
Companies today operate in dynamic markets and conditions, ones that require highly adaptable actions to maintain the balance. New needs and trends are emerging as the ever-changing business environment is becoming even more demanding.
Each year, the ways of communication, business goals, and security matters push the bar and dictate the way in setting priorities.
Each year, the ways of communication, business goals, and security matters push the bar and dictate the way in setting priorities.
Thus, maintaining a constant flow of information, access to data, and keeping the efficiency of employees high can all be considered a real challenge, connected to the strategy of organisations as well as to the systems and tools.
As a consequence, the automation of processes and solutions is required. Digitisation allows the conversion of analog processes and objects into their digital counterparts. Thanks to it and complementary modern technologies, anything on paper can become available digitally. This is the reason why it continues to remain a big trend in business.
Why should payroll departments go digital in the current market
In HR and payroll, the digitisation of processes adds value by creating qualitative communication with employees and drives innovation by automating, saving hours of work and data. Thus, it needs to be a mandatory part of the strategy followed by the payroll departments.
To take an example, each time a new colleague is hired, multiple sets of information have to be collected. If not done in a structured way, important data can be lost or forgotten during the process. This creates discomfort for the new employee and the systems are filled with half or incorrect information. It is therefore essential to automate the paper processes in those situations, as well as storing and using data during the entire employment cycle.
Technology and other complementary factors that support digitisation
It is worth noting that IT systems supporting HR and payroll processes are as good as the data they store and information, as well as indicators concerning salaries, turnover, absences, vacation reserves or employment costs, can be analysed, reported, and monitored on an on-going basis.
Both technological and organisational innovative solutions help counteract issues of the organisation and HR departments by, for example, handing over selected HR processes to external providers, so choosing to contract outsourcing services.
Such models of cooperation favour time optimization and boost the efficiency of internal HR teams. External providers take over a certain range of activities and are responsible for ongoing support and updates of systems and software, bringing them up to date with the current legislative policies and ensuring the teams are provided with content-based and expert knowledge.
What are the main advantages of digitisation in payroll companies should know about
On top of process automation and centralised data management, HR digitisation and having workflow processes in place translate into cost optimisation. At the same time, organisations are becoming more environment-friendly, as paper, printers, and toners are now used to a limited extent.
Moreover, using tools, systems and applications improves the work quality of managers and employees, for example, through implementation of the electronic circulation of information and e-applications. The latter can relate to absences, working hours, or changes to personal data.
Digitising all processes in and around the payroll administration allows a good grip on all important steps for new hires, as well. Personal data is prevented from being lost and the payroll administration has all the data in order. At the same time, new colleagues are well-informed, and they know where they stand at every stage.
Find out more in the document below.
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