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Curated News
By: NewsRamp Editorial Staff
May 14, 2024

New Research Report Reveals Challenges and Opportunities in Payroll Strategy for 2024

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Source News Release

TLDR

  • HR professionals can gain a competitive advantage by accessing HR.com’s Future of Payroll: New Trends 2024 research report for insights and strategies.
  • HR.com’s Future of Payroll: New Trends 2024 research report provides in-depth analysis of payroll trends, regulations, and technologies for HR professionals to navigate challenges effectively.
  • The HR.com’s Future of Payroll: New Trends 2024 research report offers actionable strategies to help HR professionals maintain employee engagement, productivity, and business success through intentional payroll strategies.
  • HR.com’s Future of Payroll: New Trends 2024 research report and A Look at Payroll Trends and Strategies in 2024 and Beyond presentation provide valuable and educational resources for HR professionals.

Impact - Why it Matters

The report sheds light on the crucial role of payroll strategy in today’s competitive market and the impact it has on employee engagement, productivity, and overall business success. It provides actionable strategies and key takeaways to help HR professionals understand current trends and navigate challenges in the near future. This news is important as it underscores the need for organizations to rethink their payroll function and adopt a more intentional and modern approach to ensure compliance and maintain employee satisfaction.

Summary

The new research report, HR.com’s Future of Payroll: New Trends 2024, reveals that only 16% of HR professionals consider their organization’s payroll function to be highly strategic. The study, conducted by HR.com's Research Institute, highlights the challenges organizations are facing with their pay-strategy, including staying competitive in the market, keeping pace with economic trends, and addressing employees’ financial stress. The report also emphasizes the need for a progressive modern approach to payroll that evolves with technology and times.

Source Statement

This curated news summary relied on this press release disributed by Newsworthy.ai. Read the source press release here, New Research Report Reveals Challenges and Opportunities in Payroll Strategy for 2024

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