impact of technology in payrollthank you rob bothma [email protected] 2 2 . title: powerpoint...
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Impact of Technology in Payroll
Rob Bothma FIPM
Industry Specialist HRIS
Vice President: Institute of People Management
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Technology brings about Change
The Key to Success
is all about
Adapting to Change
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Adapt or Die
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Payroll needs to embrace change
to meet Stakeholder expectations
Technology brings about Change
(Legal & Statutory Compliance,
Risk Aversion
& Accuracy)
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The Role of Technology
Technology should Enhance, Enable, Empower
and not replace staff within Payroll
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Our Changing World
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Where’s it all Going?
Cloud Computing
Mainframe
Client / Server
Web
Machine To
Machine
AI
Nano
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In 1994 - The iPad would have been the world’s fastest computer.
Apollo 11 had less computing power than a Washing Machine today
A Google search uses more computing power than the entire Apollo mission
The Apollo guidance computer had 2KB of RAM, ran at about 1 MHz.
The iPhone has 64Gb of RAM (32 million times the Apollo), and runs at around 1.3 GHz (1,300 times faster – 1s : 21m).
Evolution of Computing Power
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Driving Forces behind Change
Employees Personal Experiences (banking, mobile)
Technology Innovation (Memory, Processing Power, Cheap Storage)
Vendors Affordability, Availability of Technology
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Who are Today’s Role Players?
Employees Own personal information.
HR
Owns Employment terms.
Payroll Owns the Rules for Payment
Line Management Owns Employee performance and reward
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11
Payroll and HR
“There is a common trend in payroll to shift towards a more holistic approach in
managing the employee’s relationship with the organisation.”
HR and Payroll
need to start working closer
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What is being asked for?
• More accessible payroll solutions • Web based Payrolls • Mobile / App Centric (Gartner #2 of their Top 10 Technology Trends )
• Automation through Workflow
• Electronic versus Paper
• Interactive, Intuitive – Business Rules driven
• Management Tools (DSS)
• Analytics
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Trends Today - 2014
Big Data – Mobility - Analytics
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Goal of Analytics in Payroll
To fully integrate Payroll with IT and Business Strategy
through Data
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Let’s Talk about Data
The goal is to achieve a single version of the truth
Bad old data plus new technology = Expensive Bad data
80% of Analytics projects fail because of bad data
The question is not how much data there is, but how much of it is useful
Business must have a need to do something valuable with their data.
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The Power of Analytics
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Examples of Metrics that should be In Play: 1. Total Salary as a percentage of turnover
2. Profit per Employee
3. Rand Value of Sick Leave, Family Responsibility Leave etc.
Benchmarking Analytics is about Prediction • By understanding Trends • Predict Future requirements
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Analytics in Payroll
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Picture is worth 1,000 words
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Picture is worth 1,000 words
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The Impact of Technology in Payroll
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Change is Inevitable
What is Important is how ready you will be for it.
“Fear to Change is the Enemy
of Success.”
Change is Inevitable…….
Thank You
Rob Bothma
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