Payroll has undergone seismic shifts before; from paper-based ledgers to spreadsheets to fully integrated HRM platforms. And each time, human
expertise evolved alongside the tools. “
that operate seamlessly across multiple countries and jurisdictions. These systems leverage machine learning and real-time data to: Ensure up-to-date compliance with local
duplicate payments This isn’t tomorrow’s vision, it’s happening now. Major providers like ADP, Deel, and Paylocity are integrating AI to reduce processing time, minimize errors, and enhance client reporting in real time. The market reflects this shift. The global market for AI-driven payroll solutions is projected to nearly double; from
USD 13 billion in 2024 to approximately USD 25 billion by 2030. Drivers include automation, cloud-based platforms, and growing demand for real-time compliance and personalization. Is Human Expertise Still Needed? With such a level of automation, it’s fair to ask: is there still a role for payroll professionals?
tax and labor laws Eliminate manual data entry through “touchless payroll” Provide predictive
analytics for cost control and workforce planning Identify anomalies, such as incorrect tax rates or
04:05 I 39
ISSUE 13 GLOBAL PAYROLL MAGAZINE
Made with FlippingBook - Share PDF online