{"id":11835,"date":"2021-05-10T12:43:00","date_gmt":"2021-05-10T12:43:00","guid":{"rendered":"https:\/\/www.allsectech.com\/?p=11835"},"modified":"2024-09-06T17:16:10","modified_gmt":"2024-09-06T17:16:10","slug":"unified-payroll-system-pros-and-cons-in-operation","status":"publish","type":"post","link":"https:\/\/www.alldigitech.com\/2021\/05\/10\/unified-payroll-system-pros-and-cons-in-operation\/","title":{"rendered":"Unified Payroll System: Pros and Cons in Operation"},"content":{"rendered":"

Unified Payroll System: Pros and Cons in Operation<\/h1>\n

When compliance and payroll are outsourced to multiple partners through <\/span>SaaS payroll<\/span><\/a>, it results in a collapsible, fragmented system. Errors may arise due to incompatibility of compliance and payroll operations, poor compliance tracking, or miscommunication, all of which may lead to unintentional legal consequences such as penalties, imprisonment or termination of business. To cite a prominent case with heavy legal penalties, the payment of $26M paid by British Airways for failing to comply with GDPR regulations.\u00a0<\/span><\/p>\n

Compliance encourages business growth by shifting focus from administrivia to productivity. It also contributes to creating a seamless organizational structure with a friendly working environment.<\/span><\/p>\n

Payroll in the age of automation<\/h2>\n

The definition of employee engagement, payroll and security has changed since digitization. Automation, digitization and AI have transformed payroll software from primitive Excel sheets into sophisticated and indispensable solutions. Readily available solutions in the market eliminate the laborious tasks of decentralized processes and manual reporting.\u00a0<\/span><\/p>\n

Unified payroll system – Your own defence<\/h2>\n

Laissez-faire simply won\u2019t do anymore as stringent labour laws are passed. Businesses must have a compliance management system and payroll to avoid legal challenges.<\/span><\/p>\n

A unified payroll system satisfies the organization’s prime operational needs such as:<\/span><\/p>\n