HR TECH OUTLOOK6 MAY 2019The HR tech space is stuck in the never-ending loop of promises offered by technological buzzwords. In the uncertain time where technology is continually evolving, the demands of the users are rapidly soaring higher. While the budget remains one of the significant constraints when adopting best-in-class solutions for handling employee data and generating payroll, organizations are also burdened down with the dilemma of implementing the right technology to meet their needs. Using a cross-functional network, providers and app partners are working hand in glove to present innovative ways of integrating APIs with manual activities.With the payroll workflow getting heavily automated, organizations are considering enhanced employee experience with the aid of automatic booting and chatbots along with on-screen visual experience. The phenomenon is making advanced headways toward data-driven and evidence-based solutions, which vouchsafe the interests of the digitally minded end-users. The revamping of people analytics is opening new dimensions for better productivity while tracking and amending the gender pay gap.Employee data security and payroll processes remain the major factors of the HR tech space. Nevertheless, the HR tech professionals have been failing to stress more on the upskilling of HR professionals to adopt a digital mindset and address the security issues besides streamlining the payroll process.That's not all; organizations are taking futuristic steps toward implementation of blockchain and IoT although most of the activities will be confined to bio-data verification and biometrics. Apart from this, machine learning, artificial intelligence, and natural language processing. In an attempt to develop user-friendly experience in terms of analyzing people data, companies are embracing a class of augmented analytics.To summarize, the requirement for adding social meaning, along with strategic value as well as the legislative mandate is essential to instill improved visualization of information for managers. The change in the payroll workflow needs a deeper understanding of the procedures in order to incorporate the most suitable technologies and reap benefits.Let us know your thoughts.Streamlining Payroll ProcessesHanna WilsonManaging Editoreditor@hrtechoutlook.comManaging EditorHanna WilsonEditorial StaffSalesAaron PierceAva Garcia Philo VazRussell ThomasVisualizersScott JuasyPaul BarberWilliam JamesEditor's NoteDave Barcodave@hrtechoutlook.comCopyright © 2019 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.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffContact Us:Phone:+1 (510)-369-5331Fax:510-894-8405Email:sales@hrtechoutlook.comeditor@hrtechoutlook.commarketing@hrtechoutlook.com HR TECH OUTLOOKMay - 23 - 2019, Volume 05, Issue 06 Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com
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