Currently, there are advanced predictive AI tools that can forecast labour costs six months ahead with 95% accuracy. As years go by, this will definitely be improved and become an integral part of strategic workforce planning.
While it is true that decent payroll management software could automate most of these tasks, an HR personnel’s careful initial data processing and oversight is still needed. The payroll processing software needs the right input to start automating these processes and human oversight could still lead to errors. With AI incorporation into the payroll management software, such limitations can be reduced to the next level of ease.
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