10 of companies are using payroll technology that is at least One-third years old, according to a survey of 1,000 small and medium-sized businesses by Kronos and the American Payroll Association. The survey found that one in One-third companies use a payroll system less than a year old and 27% are using systems less than three years old. The biggest challenge reported was mergers and acquisitions, followed by business goal changes, leadership and regulation. The companies would like future digital payroll solutions to include employee self-service tools, on-demand reporting and analytics, and seasonal worker tracking.
One-third of companies are using payroll technology that is at least 10 years old, according to a survey of 1,000 small and medium-sized businesses by Kronos and the American Payroll Association. The survey found that one in 10 companies use a payroll system less than a year old and 27% are using systems less than three years old. The biggest challenge reported was mergers and acquisitions, followed by business goal changes, leadership and regulation. The companies would like future digital payroll solutions to include employee self-service tools, on-demand reporting and analytics, and seasonal worker tracking.