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Blockchain Transaction Record

Strategy Is Lacking in the Payroll Function for Many Organizations - New Study by’s HR Research Institute

A recent HR research study reveals that few of today’s payroll functions are highly strategic, but many are some combination of strategic and administrative. In fact, only 16% of the human resources (HR) professionals surveyed identify their organization’s payroll function as highly strategic.

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Key Takeaways (TLDR)

  • Only 16% of HR professionals view payroll as highly strategic, with a need for intentional strategies.
  • Challenges in pay-strategy include competitiveness, economic trends, payroll legislation, and addressing employee financial stress.
  • Organizations excel in payroll compliance, geo-adjusted pay, and employee experience enhancement, needing a modern approach.
Transaction ID0x2a604beff3b1a7f0b64e9de20f5d02e5b07a8e5a36c539d4e3bdb118c468a5d4
Contract Address0x0553B273B8eBf464Bd2a37C259F0eEBb3d70Fd71
NWAI Digital Fingerprint1167-6c4136581a4c8069c3e3d9cbd76b2538
Registration Timestamp2024-05-13T16:15:14+00:00

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