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The future of payroll – part two

LACE Partners

On Friday we released a blog which was part one of a two-part series that looked at the future of the Payroll function from a ‘internal factors’ lens. In today’s blog Chris Kirby looks at the external factors that are leading to the conversations around the future of payroll that will shape any revolution too. Where does Payroll sit?

Payroll 72
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Workers’ Comp Insurers Continue Cutting Their Rates

InterWest Insurance Services

Competition has been fierce in the workers’ compensation insurance market and rates charged to employers have been falling since 2005, although there was a slight uptick in 2013 and 2014, followed by further declines. per $100 of payroll, down from $1.80 at the end of 2021. In 2014, the rate was $3.24 and in 2003 it was $6.54.

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Quinyx

HR Lineup

Quinyx is a cloud-based workforce management software platform designed for businesses of all sizes to manage their employees’ schedules, time and attendance, payroll, and task management. The platform offers integrations with a range of third-party software solutions, including payroll systems, HR management systems, and more.

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Your choice: To ditch Social Security tax withholding or not

Business Management Daily

Then, the Treasury Department offered some clarity on the payroll tax. Employers and third-party payroll providers generally need more than 19 days to make major changes to payroll systems. Deferring Certain Payroll Tax Obligations. Section 7508 was amended in 2005, by the Katrina Emergency Tax Relief Act (P.L.

Taxes 81
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Looking Ahead: The Biggest HR Trends in 2020

HR Digest

Traditionally, Human Resources restricted itself to hiring, payroll, and some administrative duties. The number of people who work from home has increased by 140% since 2005. Human Resource is all about recruiting, mentoring and tending of the greatest assets of any company—human capital.

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Can Infor's acquisition of Lawson deliver on great HR technology?

Ahmed's Universe

It was developed (along with a payroll product called Sysper ) in the 1980’s by a French company called Presys (itself the resulting merger of two small IT companies) which in turn was bought by UK-based ERP company JBA in the late 1990’s (which also bought a small French HR-cum-payroll vendor called Logi-Soft ). Anybody remembers JBA?

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PeopleSoft vs Workday - Old vs New

Ahmed's Universe

Workday has yet to plug some big holes in its product scope (global payroll, recruiting, learning, time.) The reason is the unique and complex requirements they have (try understanding how to move somebody from one step to another and onto a different grade while ensuring their payroll is on track.)

Software 170