Payroll is one of the largest single expenses of an organization. Without proper accounting controls in place, money could be misappropriated and false expense claims processed. For this reason, employers must intimately understand their payroll costs, and know how to control and predict them.
Stock options are not really as complicated as one may think. In many cases, the challenge associated with the reporting of these benefits comes down to how the information is communicated to the payroll department.
A recent issue of the Canadian Payroll Association's magazine Dialogues looked at how payroll technology will be changing in the next few years, and what that will mean for the payroll industry—and the businesses it supports. Turns out, the next few years are looking pretty rosy for payroll professionals. Here are some insights.