MAY-JUNE 2017HR TECH OUTLOOK6Complex business environments of today--from BYOD to remote working--have made legacy payroll solutions obsolete in the enterprise realm. Many companies are moving toward adopting new cloud-based technologies to effectively manage and streamline their tedious HR and payroll functions--significantly improving productivity. It's no doubt that cloud simplifies the day-to-day activities, reduce costs, and provide flexibility; and the value it gives Human Resources (HR) department goes beyond cost savings. From managing payrolls to tracking employee attendance and leaves, the entire HR sector is driven by cloud applications. The cloud based payroll systems bring in one more advantage: automation. It enables even small and mid sized organizations to make radical automation in their payroll processes. It maximizes employee satisfaction, while providing departments the access to unified HR data, alongside meeting the compliance requirements. It is more reliable, accessible, and data-enriched--making organizations gain better visibility into their workforce. High-level HR analytics can also be performed on this data, which can further help organizations to make strategic HR decisions on talent management, retention, training, compensation management, and performance appraisal as well. Automated payroll systems also liberate HR departments from the legacy paper based processes, while making the tax compliance updates easy. Since all HR functions are completely integrated under automated payroll software, it has better impact on organizational drivers and also engages the employees in a better way with higher job satisfaction.With these developments in the market, it is imperative for business owners to stay ahead of the curve and ensure that their process remains as efficient as possible. In this edition of HR Tech Outlook, we feature comprehensive articles and insights from industry thought-leaders, which will help you to have a clear overview of the innovative technologies and find the right fit payroll software for your organization. We hope you enjoy reading this edition. The Next Generation of HR Payroll Processing Hanna WilsonManaging Editoreditor@hrtechoutlook.comAaron PierceEileen SinghNiko AltonAva GarciaJoshua ParkerSarah FernandesEditor's NoteMAY-JUNE - 2017Payroll SpecialMailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:+1 (510) 509-1655 HR TECH OUTLOOKMAY-JUNE - 2017, Volume 03, Issue 05 Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com Managing EditorHanna WilsonEditorial StaffSalesVisualizersAjay K DasCatherinecatherine@hrtechoutlook.comT:+1 (510) 565-7627Copyright © 2017 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Shanell Jones*All Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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