System integration is a key enabler for payroll processes. It is a necessity for adequate controls, data privacy and appropriate checks and balances. Integration throughout the payroll process reduces the risk of non-compliance and unnecessary labor costs. It can also reaffirm confidence in existing controls and reduce time delays in re-validating. Top-performing organisations have high levels of integration between their payroll system and other key systems including Rostering, Time & Attendance, and Benefits. With an integrated system, a company can reduce complexity, redundant data and risk of errors.
Internal Promotion and “Upskilling”
Upskilling is a relatively new term that is used to describe developing employees that are already working for the company. In 2018, it’s expected that companies will increasingly turn to their existing employees to fill open positions, offering training and encouraging employees to go for promotions.
With fewer new employees expected to enter the workforce in the coming years than ever before, employers are seeing the merits of investing in people that are already familiar with and loyal to the company.
AI in Recruiting
Many recruiting tasks have already been automated, but 2018 may push even more into the digital realm. HR software outfitted with artificial intelligence (AI) may begin reviewing top applications that have made it through the filtering process and even interviewing candidates.
Not all companies will see benefits from de-humanizing tasks such as application sorting and be interviewing, but adding AI to the mix will definitely save time and mitigate the potential for discrimination. AI is less likely to select or reject a candidate because of unconscious biases based on things like name, accent, and demeanor than a human interviewer. Ranking systems can also be built into virtual interviews.