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ISSUE 4
The Challenges of Legacy Payroll Systems The drawbacks of legacy payroll systems are numerous:
solutions—essential components of today’s business ecosystem.
4. Data Security and Privacy: These systems often fall short of meeting current data security and privacy standards, exposing organizations to potential risks. 5. High Operational Costs: The need for ongoing patchwork to maintain compliance leads to increased infrastructure, maintenance, and personnel costs. 6. Knowledge Gaps and Attrition: The heavy manual workload contributes to high attrition rates, and the lack of proper documentation increases the risk of knowledge gaps.
1. Lack of Automation: Heavy reliance on manual processes increases the risk of human error, which can have wide-ranging implications. 2. Obsolete Technology: Many legacy platforms have not kept pace with technological advancements, leading to a complex and outdated technology landscape. 3. Poor Integration: Legacy systems often struggle to integrate with modern workforce management platforms, HCM systems, finance ERPs, and financial wellness
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