Question

In: Accounting

Describe in your own words why it is important to network in the payroll industry, and...

Describe in your own words why it is important to network in the payroll industry, and how you would begin the process.

Solutions

Expert Solution

It is important to network in the payroll industry because through networking HR professionals will be able to gain an understanding of the emerging trends in the payroll industry. By gaining an understanding of the emerging trends a company will be able to make adjustments in its HR policy so as to be able to attract and retain talent. For instance many organizations are not able to raise pay substantially all the time and hence using the insights that they have gained from their networking in the payroll industry they will be able to provide financial wellness platforms to their employees. Secondly it will help the organizations to ensure that pay transparency goes mainstream.

To begin the process you can reach out to other HR professionals in the industry and payroll experts by being a part of HR specific and payroll specific groups or clubs. Secondly HR and payroll specific meetings and events should be attended to ensure that your network is widened.


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