As new technologies like artificial intelligence and the internet of things (IoT) look to fundamentally alter industries around the globe, payroll is expected to change greatly in the coming years. But how far off are those changes, and what does its immediate future look like?
To get a clearer idea of where payroll and the broader human resources (HR) industry is headed, it is apt to analyse what 2018 brought. From new technologies to changing regulations and increased Government scrutiny, it was a big year for payroll. From what we saw in 2018, it is not just new technology itself that changes payroll, but how society adapts to it. Here are the biggest changes that took place in the last 12 months.