IBN Technologies, a leading outsourcing service provider, has announced the expansion of its Payroll and Bookkeeping Services to cater to growing demand from global clients across multiple sectors. Known for delivering scalable financial and accounting solutions, IBN is strengthening its presence in North America, Europe, and the Middle East with a sharper focus on compliance, […]
Category: Payroll management
Shell CEO’s Pay Package Rises Nearly 9% to $11 Million Amid Strong Energy Profits.
Shell CEO Wael Sawan received a nearly 9% pay hike in 2024, taking his total compensation to approximately $11 million, according to the oil giant’s latest annual report. The rise comes during a year of strong financial performance for Shell, despite ongoing scrutiny over executive pay and the company’s energy transition strategy. Breaking Down the […]
Payroll Under Pressure: How AI Is Bridging the Talent Shortage.
In today’s workforce landscape, payroll departments are under increasing strain. With a growing talent shortage, rising compliance demands, and evolving employee expectations, managing payroll has become more complex than ever. Fortunately, Artificial Intelligence (AI) is stepping in to bridge the gap—transforming how organizations process payroll and manage workforce operations. The Talent Crunch in Payroll Across […]
Vistra Acquires Payroll Platform iiPay to Expand Global HR and Payroll Capabilities.
Global business services provider Vistra has announced the acquisition of iiPay, a leading cloud-based payroll solutions platform. This strategic move is aimed at enhancing Vistra’s global payroll and human capital management offerings, enabling the company to better serve multinational organizations with streamlined, tech-enabled payroll operations. A Strategic Fit for Global Expansion The acquisition of iiPay […]
U.K. Labor Market Cools Ahead of Rise in Payroll Taxes.
The U.K. labor market, once a beacon of post-pandemic resilience, is showing clear signs of cooling, and the timing couldn’t be more sensitive. As the government prepares to implement higher payroll taxes, both employers and workers are feeling the pressure. Signs of a Slowing Job Market Recent data shows that job vacancies are declining, hiring […]
Why Payroll Compliance Is Becoming a Strategic Priority in Recruitment.
In today’s fast-evolving workforce landscape, recruitment is no longer just about finding the right talent—it’s about creating a seamless, compliant, and trustworthy hiring experience. Among the many operational concerns that recruiters face, payroll compliance has emerged as a critical, strategic priority. The Shift from Operational to Strategic Traditionally viewed as a backend function, payroll was […]
AI in Payroll Automation: What’s New?
In today’s fast-paced business environment, organizations are increasingly leveraging artificial intelligence (AI) to streamline payroll processing. AI-driven payroll automation is transforming how companies manage salaries, tax compliance, and employee benefits, making payroll operations more efficient, accurate, and cost-effective. 1. Enhanced Accuracy and Error Reduction One of the most significant improvements AI brings to payroll automation […]
How Blockchain Secures Payroll Processes.
In an increasingly digital world, payroll management is a critical aspect of business operations that demands accuracy, transparency, and security. Traditional payroll systems often grapple with challenges such as data breaches, fraudulent activities, and inefficiencies. Blockchain technology, known for its decentralized and secure nature, is emerging as a transformative solution for streamlining and securing payroll […]
US Jobs Data: Payroll Gains Fall Short at Disappointing 142,000.
The US labor market, long considered a cornerstone of economic stability, faced a setback as payroll gains for the latest reporting period came in at a disappointing 142,000. Falling short of expectations, this figure raises questions about the economy’s resilience and the challenges businesses face in maintaining growth amidst a dynamic economic landscape. Missed Expectations […]
The Future of Payroll Management: How AI is Automating Complex Payroll Processes
In the evolving landscape of payroll management, artificial intelligence (AI) is revolutionizing the way companies handle payroll tasks, making them faster, more accurate, and less labor-intensive. With AI, payroll systems can now manage complex calculations, ensure compliance with changing regulations, and provide real-time insights, freeing HR teams from repetitive tasks and reducing costly errors. 1. […]
