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“Companies are really looking for a technology solution and a service solution that can change on the fly as their business strategies change,” says Gaye Krisantz, vice president of payroll at OneSource Virtual. At minimum, employees want self-service access to their payroll information, including pay slips, paid time off, and benefits.
As if this weren’t enough, however, there is much more to payroll; there are, in fact, two sides to payroll—the concrete and the abstract. Payroll is more than a number. We at 3Sixty Insights speak of the two hemispheres of humancapitalmanagement. That would make payroll the most concrete aspect of HCM.
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A 2019-2020 survey found that the vast majority of organizations are utilizing a benefits application in some shape or form. Benefits applications are often integrated into cloud-based humancapitalmanagement (HCM) technology, to streamline the HR, benefits, and payroll functions.
Critical to the success of any well-known HCM or payrollsystem solution is how well the integration of new processes and procedures goes for the client company. Often overlooked is the role that approved businesses, brought in to make the transition to that new system happen, play. Click on your preference below to subscribe.
DailyPay is grateful to have many highly engaged and motivated integration and alliance partners, especially ones like Ultimate Kronos Group (UKG), the company formed by the 2020 merger of Ultimate Software and Kronos Incorporated. Kronos and DailyPay partnered in 2019 and DailyPay has continued that partnership with UKG.
In this podcast you will learn about… Why it’s important for payroll professionals to understand the various on-demand pay options How some on-demand pay vendors create more exposure and liability for employers The amount of involvement needed for payrollsystems and processes to make on-demand pay happen SUBSCRIBE Thanks for tuning in!
Why it’s important for payroll professionals to understand the various on-demand pay options How some on-demand pay vendors create more exposure and liability for employers The amount of involvement needed for payrollsystems and processes to make on-demand pay happen. Thanks for tuning in!
Possible legislation to replace the Affordable Care Act’s 40% excise tax on high-value health plans, scheduled to take effect in January 2020, with a “cap” on the tax exclusion for employer-sponsored benefits. If the “cap” becomes law, payrollsystems would need to be modified. Possible legislation could repeal 0.9%
Michael Baer: Also many state legislatures have convened for their 2020 sessions. We’re a world leader in providing workforce management and humancapital technology to organizations around the world. As long as, again, you’re not needing a new payrollsystem. The payroll is processed as normal.
Michael Baer: Also many state legislatures have convened for their 2020 sessions. We’re a world leader in providing workforce management and humancapital technology to organizations around the world. As long as, again, you’re not needing a new payrollsystem. The payroll is processed as normal.
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