JULY 2015HR TECH OUTLOOK6In the boundary less contemporary business landscape, calculating components of pay on a global level and coordinating the distribution of funds often becomes daunting and a long drawn process. Toward meeting the ever-growing needs of organizations, complex payroll processes have to be streamlined to increase profitability, and smartly manage employee life cycles. The present need is to deliver quality payroll, maximize employee satisfaction and drive down the delivery cost by consolidating the business critical payroll services into a single payroll solution that has access to unified HR data, and meets all statutory requirements. With many industry leading payroll solutions available, the need is for customized solutions that integrate well with existing enterprise systems. The choice is on evaluating the benefits of in-house payroll software, or leveraging an outsourced model offered on a cloud based platform. One has to be aware of the latest trends to choose the right solution with improved accuracy, and easier tax filing and integration capabilities, which can scale with the organization's growth. In the current scenario, organizations are increasingly gravitating toward SaaS solutions for its increased functionalities and easy accessibility from anywhere.The convenience of SaaS based solutions lie in empowering the employees to submit their data related to payroll anytime, and the ease at which payroll managers can approve from a variety of smart devices. Moreover, the employee's interactions with the payroll application through smart devices are on the upward trend and there are sophisticated systems that allow additional convenience factors by way of user-friendly employee portals, which allow them to preview or ratify statements. The entire gamut of payroll is becoming an automatic and a mobile process with stringent data security and protection capabilities. HR Tech Outlook's current edition focuses on high tech timely payroll solutions compliant with federal and state laws. In this issue, we feature comprehensive articles and insights, which in addition to keeping you abreast with innovative technologies, will also help you in formalizing newer strategies that elevate human capital management to a higher plane.We trust you enjoy reading this edition.Endorsing Flexibility: The New Perspective of Payroll ProcessingHanna WilsonEditor-in-Chiefeditor@hrtechoutlook.comCopyright © 2015 HR Tech Outlook, 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.JULY - 2015Mailing AddressValley Media Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:+1 (510) 509-1655 HR TECH OUTLOOKJULY 2015, Volume 01, Issue 07 Published monthly by Valley Media Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com Editor-in-Chief Hanna WilsonEditorial StaffSalesEric Young Gerard HallHelen MartinJoe TaylorLisa WhiteSandra ClarkVisualizersShanell JonesEditor's Note Abigail Jonesabigail@hrtechoutlook.comT:+1 (510) 509-1721
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