04:05 Issue 11

Where financial stress previously contributed to low morale, absenteeism, and decreased productivity, a renewed focus on employee financial health has led to improved motivation, engagement, and retention. “

Redefining the Role of Payroll Historically, payroll was a back-office task, centred on compliance and accuracy. Today, it sits at the intersection of finance, HR, and employee experience. As technology advances—

through digital platforms, real-time data, and employee-centric innovations—payroll is transforming into a powerful tool for financial empowerment. Organisations that have embraced this shift are already seeing

tangible benefits. Where financial stress previously contributed to low morale, absenteeism, and decreased productivity, a renewed focus on employee financial health has led to improved motivation, engagement, and retention.

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ISSUE 11 GLOBAL PAYROLL MAGAZINE

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