HR & Payroll Software

Is your HR and payroll team feeling the heat this summer? With the weather heating up, most of us want to get out and enjoy the sun or escape on a holiday. However, with more staff members out of the office, this can mean that the payroll team might be running on reduced numbers.

The multinational payroll market is growing at an impressive rate, with the entire payroll services market expected to reach 4.8 billion by 2021. The demand for international payroll services are increasing, due to the heightened need for compliance to local laws and legislations, and a demand for more comprehensive technology.

The HR and payroll industry is in a constant state of change. New laws and regulations are introduced around the world, some of which—including GDPR—change the way the whole organization handles its processes and services.

HR and payroll teams can also face challenges in their own departments, as members of the team are off on holiday—reducing the amount of staff and increasing the workload. Although the heat can get to some HR departments, here’s how to keep payroll cool this summer.

Payroll data. How often do we stop and think about how important it is to a business? Although payroll is often viewed as a back-office function, it is an essential part of any organisation, and is much more than just payslips.
 

Payroll, and the importance of payroll, is everywhere. Whether in Italy, France, or in Belgium, payroll is a crucial part of any organisation. Employees are the heartbeat of an organisation, so ensuring that they are paid on time and correctly is essential. However, getting payroll right can be a challenge.

To explore the current state of HR and payroll around the world, and to debate the changes we will see in the future, SD Worx is hosting a conference in Flagey, Brussels, on May 29th, 2018. Titled ‘The Future of Collaboration: Unleash the Flexibility of your HR’, the conference will explain how attendees can make the HR department as agile as possible, to ensure that organisations can reap the benefits of HR flexibility and collaboration.

Once GDPR takes effect on 25th May 2018, organisations that fail to process data correctly, report security breaches within a set time period, or comply with data regulations, will face fines and brand damage. These legislative changes emphasise how HR and payroll professionals need to be more security-conscious than ever before.

If you want to learn best practice in handling data in light of the General Data Protection Regulations (GDPR), you can do no better than to look at DuPont. Now part of science giant DowDuPont following a merger last year, data is part of the DNA of the organisation and it has a long history of embedding data protection into its culture.

In February, SD Worx hosted its European Conference 2018 at Hilton on Park Lane, London, with over 800 attendees and 30 expert speakers. One of the sessions, titled ‘How to be internationally compliant in a digital world’, was hosted by Gert Beeckmans, chief risk and security officer SD Worx, and Frank Rudolf, director of payroll at PAREXEL. Here are their top five lessons on implementing GDPR:

Updating payroll systems
At the end of the financial year, payroll professionals need to ensure that they are using the most up-to-date rates—otherwise they are at risk of providing false information that will need to be corrected at a later date. To achieve this, payroll professionals should update their current payroll software so it uses the latest rates and thresholds for Income Tax, National Insurance, and student loan repayments.

With GDPR on the horizon, are your HR and Payroll departments prepared? With large fines and serious damage to your business’ reputation at stake for non-compliance, here’s how you can become GDPR compliant in five practical steps: