Global recruitment trends in payroll: A data-driven analysis

Payroll

August 1, 2024

The payroll sector is undergoing significant transformations worldwide, driven by various economic, technological and regulatory factors. Analyzing current global recruitment trends in payroll through data offers valuable insights for both job seekers and employers. This article explores the most significant trends in payroll recruitment, backed by recent data and statistics.

Shift to Cloud-Based Payroll Systems

The adoption of cloud-based payroll systems is becoming a global standard, offering enhanced flexibility, security and efficiency.

According to a report by Deloitte, 74% of organizations have transitioned to cloud-based payroll solutions or are planning to do so within the next two years.

This shift is increasing the demand for payroll professionals with expertise in cloud payroll software such as ADP, Workday and SAP SuccessFactors. Employers are seeking candidates who can manage these systems and ensure seamless payroll operations.

% of organizations have cloud-based solutions

Integration of Payroll with HR and Finance

The integration of payroll with HR and finance systems is streamlining operations and improving data accuracy.

A survey by PwC indicates that 65% of companies are integrating their payroll systems with HR and financial systems to create a more unified approach to employee data management.

Payroll professionals need to possess a broader understanding of HR and financial processes. Skills in data analytics and the ability to work collaboratively across departments are becoming increasingly valuable.

% of companies are integrating payroll systems

Author

John O’Brien

Executive Director | Head of Payroll

johnobrien@frazerjones.com

+44 20 7415 2171

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Jobs

Banking

Payroll Administrator

Payroll Administrator – £40-45K- 6 month FTC to perm – Piccadilly Circus My client is a leading financial services firm. Due to acquisition and head count growth, they are seeking a Payroll Administrator to join them on an initial interim basis who has experience of UK payroll and enjoys payroll administration and managing the vendor […]

Salary GBP40000 – GBP45000 per annum
Posted Veröffentlicht vor 4 Tagen

Banking

Payroll Officer

Payroll Officer – £52-55K – 12 month FTC – Bank My client is a leading financial services firm. Due to an exciting payroll systems change, they are seeking a Payroll Officer proficient on Workday payroll to join them on a 12 month FTC. To be considered successful, the ideal applicant must – be proficient on […]

Salary GBP52000 – GBP60000 per annum
Posted Veröffentlicht vor 7 Tagen

Banking

Payroll Specialist

Over de functie Als Payroll Specialist speel je een sleutelrol in het nauwkeurig en tijdig verwerken van salarissen voor diverse klanten. Jij bent het aanspreekpunt voor payrollvraagstukken, zorgt voor een vlekkeloze administratie en adviseert klanten over wet- en regelgeving. Je werkt in een professioneel team waar kwaliteit, service en betrouwbaarheid centraal staan. Wat ga je […]

Posted Veröffentlicht vor 1 Woche

Financial services

Payroll Officer

Payroll Officer – 6-8 week assignment – £170-200 per day plus holiday pay – Hammersmith My client is a leading business within financial services. Currently they are seeking a Payroll Officer to help them on their UK payroll whilst they are undergoing a TUPE project. They are also recruiting this role permanently, so there is […]

Salary GBP170 – GBP200 per day
Posted Veröffentlicht vor 2 Wochen

Technology

Temporary Payroll Specialist

Position: Temporary Payroll Specialist Location: Fully Remote Compensation: Pay rate is negotiable Duration: TBD Overview: Our client is seeking a detail-oriented Temporary Payroll Specialist to support internal payroll operations. Although payroll is processed through an external provider, they need someone internally who can ensure accuracy, completeness, and timely submission of all payroll data. Key Responsibilities: […]

Posted Veröffentlicht vor 4 Wochen

Media

Temporary Payroll Specialist

Title: Payroll Specialist Location: Remote (U.S.) Duration: 3 months, possible extension Compensation: Negotiable About the Role: A TV/event production organization is migrating payroll from a legacy/manual system to a more automated platform. They need a detail‑oriented Payroll Specialist to handle weekly payroll while supporting the system transition. Responsibilities: Process weekly payroll (manual entry from sign‑in […]

Salary USD45 – USD50 per hour
Posted Veröffentlicht vor 4 Wochen

Increased Focus on Compliance and Regulatory Knowledge

With changing regulations across different regions, compliance remains a top priority in payroll management.

The Global Payroll Management Institute (GPMI) reports that 78% of payroll professionals see compliance with local and international regulations as their biggest challenge.

Employers are looking for payroll specialists with deep knowledge of regional and global payroll regulations. Certifications such as Certified Payroll Professional (CPP) and Fundamental Payroll Certification (FPC) are in high demand.

% of payroll professionals see compliance as their biggest challenge

Demand for Data Security and Privacy Expertise

The growing emphasis on data security and privacy is shaping recruitment in the payroll sector.

According to a report by KPMG, 68% of companies have increased their investment in data security for payroll systems over the past year.

Payroll professionals must be well-versed in data protection laws such as GDPR and CCPA. Expertise in cybersecurity measures and data encryption technologies is becoming essential to protect sensitive payroll information.

% of companies have increased their investment in data security for payroll systems

Automation and AI in Payroll Processing

Automation and artificial intelligence (AI) are transforming payroll processing, enhancing efficiency and accuracy.

A study by EY reveals that 60% of payroll tasks can be automated using current technology, with AI playing a significant role in reducing manual errors.

There is a growing demand for payroll professionals who can manage and implement automation tools and AI technologies. Skills in programming and familiarity with robotic process automation (RPA) are advantageous.

% of payroll tasks can be automated

Global Payroll and Multi-Country Expertise

As business expand internationally, there is an increasing need for payroll professionals with multi-country payroll experience.

The 2023 Global Payroll Survey by EY shows that 55% of multinational companies consider global payroll expertise a critical requirement for their payroll teams.

Payroll specialists with experience in managing payroll across multiple countries, understanding diverse tax regimes and handling cross-border compliance are in high demand. Language skills and cultural awareness also enhance employability in the globalized field.

% of multinational companies consider payroll a critical requirement

Conclusion

The global payroll recruitment landscape is evolving rapidly, influenced by technological advancements, regulatory changes and shifting workforce dynamics.

Understanding these trends through data provides valuable insights for navigating the payroll job market effectively.

Employers need to adapt their recruitment strategies to attract and retain top payroll talent, while payroll professionals should focus on acquiring skills that align with these emerging trends. As the market continues to change, staying informed and agile will be key to success for all stakeholders in the payroll sector.

For a confidential discussion on recruiting payroll professionals, your payroll career or the market in general please get in touch with John O’Brien today.