Global recruitment trends in payroll: A data-driven analysis

Author John O’Brien
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.

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.

Jobs

  • Pharmaceuticals/life sciences

EMEA Payroll Supervisor

EMEA Payroll Supervisor – up to 70K – Watford – Hybrid I am working with a global organisation with an impressive international footprint are searching for an EMEA Payroll Supervisor leading a team of 3 focusing on 10 EMEA payrolls via ADP Celergo. You will be part of a wider leadership team reporting directly into […]
  • Salary GBP65000 – GBP70000 per annum
  • Posted Posted 17 hours ago

HR & Payroll Advisor

HR & Payroll Advisor – £150-170 per day – On-going temp – Moorgate My client is a leading financial services firm with a global footprint. Due to maternity leave, they are in pursuit of a HR & Payroll Advisor to join them on an on-going temp assignment. To be considered successful, the ideal applicant must […]
  • Salary GBP150 – GBP170 per day
  • Posted Posted 6 days ago
  • Charity/non-profit/third sector

Country Payroll Manager

We are partnering a Social Services organisation exclusively to appoint a Country/Singapore Payroll Manager (circa. $80-90k base excluding bonuses) who will sit under their Human Resources Shared Services (HRSS) team. Guided by the mission of doing good and helping families reach their full potential, they have seen steady growth in their product offerings over the […]
  • Posted Posted 7 days ago
  • Professional services

Payroll Manager

Payroll Manager – £65K – Permanent – Part time 21-28 hours – Holborn – In office 2 days per week Our client is an exciting professional services firm who have created a new Payroll position. The firm has had a successful 2024 thus far and are looking to continue its trend of growth into the […]
  • Posted Posted 7 days ago

EMEA Payroll and Benefits Advisor

Payroll & Benefits Advisor – £60-65K – 12 month FTC – Monument My client represents a leading business within financial services. Due to maternity leave, they are in pursuit of a Payroll & Benefits Advisor to join them. To be considered successful, the ideal applicant must – be proficient on EMEA payroll including such jurisdictions […]
  • Salary GBP60000 – GBP65000 per annum
  • Posted Posted 7 days ago
  • Healthcare

Payroll Analyst

Payroll Analyst Reports To: Payroll Operations Manager 3 days onsite – Monday, Tuesday and Thursday required days, some flexibility as needed. $65,000-85,000 Job Overview: We are seeking a detail-oriented and experienced Payroll Analyst. The ideal candidate will possess a strong background in payroll processing and excel in utilizing advanced Excel functions, including VLOOKUPs, pivot tables, […]
  • Salary USD70000 – USD85000 per annum
  • Posted Posted 1 week ago

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.

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.

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.

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.

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.

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