target audience: TECH SUPPLIER Publication date: Mar 2024 - Document type: Market Perspective - Doc Document number: # US51929124
The Evolving Role of Payroll in Strategic HR Management
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Abstract
This IDC Market Perspective discusses the evolving role of payroll in strategic HR management, driven by advancements in AI and cloud-based technologies. It highlights how these innovations have transformed payroll from a transactional process to a strategic asset, providing insights into workforce management and organizational efficiency. This IDC Market Perspective explores the market dynamics, challenges, and opportunities in this transformation, along with the technological advancements reshaping payroll and HR management. It concludes with case studies, advice for technology suppliers, and a future outlook on the integration of payroll into strategic HR management.
"Payroll, once a transactional process, is now a strategic asset driving workforce management, compensation strategies, and organizational efficiency." — Sam Halwani, research VP, Human Capital Management at IDC