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The Future of Payroll: AI, Data Reporting, and New Regulations Explained

The Future of Payroll: AI, Data Reporting, and New Regulations Explained

FromThe Payroll Podcast


The Future of Payroll: AI, Data Reporting, and New Regulations Explained

FromThe Payroll Podcast

ratings:
Length:
86 minutes
Released:
May 16, 2024
Format:
Podcast episode

Description

This episode was taken from a live recording of the Payroll Question Time April ‘24 Webinar.Join your host Nick Day on today’s episode of the Payroll Podcast as we dive deep into the latest payroll insights with industry experts Karen Thompson, Simon Parsons, Richard George, and Andy Nicholls. In this episode, we explore a variety of topics, from the potential of Artificial Intelligence (AI) in payroll to the intricate details of upcoming payroll data requirements set to take effect by April 2025. Our panel sheds light on the complexities of payroll compliance, the evolving role of AI and RPA, and the importance of maintaining data privacy and security in an increasingly automated world.Discover how umbrella companies are navigating new regulatory landscapes and the impact of these changes on employees. Learn about the latest updates on holiday pay, including the practicalities of rolled-up holiday pay and the challenges of calculating pay for irregular and part-year workers. Get valuable updates on pensions, including employer obligations for employees reaching the age of 75 and the future integration of AI in pension management. Our experts share their insights on balancing automation with human expertise to enhance payroll processes and ensure compliance.Subscribe and leave a rating to stay informed with the latest trends and solutions in payroll management. Our Expert Panel:Simon Parsons, Director of UK Compliance Strategies at SD WorxKaren Thomson, UK Payroll Director, AABAndy Nicholls, Industry Liaison Manager, The Pensions RegulatorRichard George, Director of Education, The Payroll CentreNick Day’s LinkedIn: https://www.linkedin.com/in/nickday/
Released:
May 16, 2024
Format:
Podcast episode

Titles in the series (100)

The Payroll Podcast is the first podcast produced exclusively for the UK and global payroll community. Hosted by Nick Day, the podcast features in-depth discussions with payroll experts on complex issues such as international payroll legislation, technology, systems, processes, leadership, and compliance. The aim of the podcast is to support the payroll industry and its professionals to prepare for and embrace the future of payroll, from robotic process automation to blockchain, ai, strategy, wellbeing and compliance. With a focus on developing payroll strategies that raise the profile of payroll worldwide, subscribers will gain valuable insights that enable them stay one step ahead of the curve concerning the latest trends and innovations in payroll. To be a guest on the show or for support with payroll recruitment, reach out to Nick at Tel: 01727 800 377 | Email Nick@jgarecruitment.com