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Over the past decade, South African human resources (HR) and payroll professionals have seen the complexity of their roles compounded. The shift towards digital technology, the arrival of new generations in the workplace, and an increasingly complicated legal and tax environment have all contributed to this ever-evolving landscape.
Sage research of 1,000 small and medium enterprises reveals that 93% of small and medium enterprises (SMEs) in South Africa aiming to grow in the next five years say recruitment and resourcing should be at the heart of growth. This highlights the critical role of HR and payroll in taking a business to the next level.
In fact, 85% agree that HR and payroll professionals deserve a seat at the senior management decision-making table.
As one of the most significant strategic concerns for South African businesses, here are five trends shaping the HR and payroll profession:
- Compliance complexity
- Getting a handle on remote work
- New generations equal new workplace expectations
- Covid-19 aftershocks
- Tied up in manual red tape
Getting complexity under control
For HR professionals to step up and take a more strategic role in the business, they need to tame the current challenges they face in administration and compliance. This is where forward-looking HR and payroll departments see technology playing an increasingly vital role in their future. Those with accessible, integrated cloud-based platforms are already reaping the rewards.
Such systems streamline and automate their processes and provide real-time employee and organisational data needed for better reporting and analytics to inform strategy and planning. This equips them with the real-time insight they need to make substantial contributions at boardroom-level discussions about strategy, data security to improve compliance, and a streamlined payroll process to reduce errors, cut costs, and increase employee satisfaction. In turn, this helps the organisation harness its talent more effectively as a competitive advantage.
Source: bizcommunity.com
