The Future of Payroll and HR Consulting Services: Trends to Watch in 2024
The landscape of payroll and HR consulting services is rapidly evolving, driven by technological advancements, changing regulations, and shifting employee expectations. As we move into 2024, several key trends are set to redefine how businesses manage payroll and HR functions, offering both challenges and opportunities for growth and efficiency. CloudForce HR , a leader in HR payroll outsourcing and consulting services in Thailand , is at the forefront of adopting these innovations to provide comprehensive solutions to its clients. Earned Wage Access (EWA): A New Era of Financial Wellness One of the most significant shifts in payroll services is the rise of Earned Wage Access (EWA), a facility that allows employees to access their earned wages before the scheduled payday. This trend, expected to grow by 14.9% from 2023 to 2033, underscores a move towards supporting employees’ financial well-being, thereby enhancing their productivity and engagement at work. The Rise of AI in HR a