Can Payroll Management Improve Payroll Compliance by 30%
Payroll Outsourcing Management Services In an era where regulatory complexity is rapidly escalating, businesses of all sizes are grappling with the challenge of maintaining accurate and compliant payroll operations. A strong payroll management company not only helps automate payroll functions but serves as a strategic partner in reducing compliance risks, lowering costs and safeguarding organisational reputation. According to the 2024 Alight Global Payroll Complexity Report , over fifty three percent of companies surveyed faced fines for payroll non compliance within the last five years due to errors in tax filings, benefits deductions or labour law missteps, underscoring why compliance improvement is a critical priority. Insights consultancy consistently emphasises that traditional manual payroll processes simply cannot keep pace with regulatory change or the demands of hybrid and global workforce models. In fact, research shows that up to forty nine percent of companies cite ...