In this era of the 21st century technology enhanced and every work went digital in sectors. The work process went fast even regarding the processing of payroll in all the sectors. Previously it was very time consuming and hectic. However, for a couple of months I have been facing a compliance issue regarding my enterprise payroll. I am particularly well aware that It is essential that any organization’s payroll system comply with the country’s laws as well as other employee related requirements. ‘Good corporate Governance’ has become more of a necessity now than an option. Also organizations might have to pay a high price for non-compliance. Payroll providers have to monitor changes in legislation at all levels continuously, to ensure all payroll processes comply with the changes.
Discuss technology in details in the 21st century.