6 Technology Trends That Will Transform Payroll Management i

6 Technology Trends That Will Transform Payroll Management in 2017 - PC Tech Magazine - Uganda Technology News, Analysis, Software and Product Reviews from Africa's Oldest ICT Magazine


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Payroll Management rolls in 2017. (Photo Courtesy: ERP FM)
Payroll management refers to the handling of employee salaries, wages and bonuses. It includes handling deductions from tax withholding to 401K contributions to salary garnishments. Payroll management has already shifted from the classic written time sheet and stamped time card to online labor charging.
Here are six technology trends that will transform payroll management in 2017.
Cloud Based Payroll
Just as many businesses have been outsourcing their payroll and Human Resources functions to third party service providers, payroll management is increasingly being moved to cloud based services whether or not they use a third party group to administer it. Benefits of cloud based payroll include immediate data backups, nearly 100% uptime and simplification of data entry.

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