How AI Is Reshaping the Future of Payroll | Mark Paraskeva
Struggling with global payroll complexity? Get Deel’s expert-backed playbook to automate payments, stay compliant in 100+ countries, and simplify multicountry payroll.Download the report and future-proof your payroll strategy today: https://www.deel.com/resources/gartner-guide-multicountry-payroll-2024/?utm_medium=sponsored-newsletter&utm_source=nickday&utm_campaign=ww_engage_download_nickday_sponnewsletter_payrollnewsletter-gartnerreportpayroll-jul25_gp_all&utm_content=engage_gp_sponnewsletter_gartnerreportpayroll-sponnews400-fin_enWelcome to another episode of The Payroll Podcast hosted by Nick Day!In this game-changing conversation, Nick sits down with Mark Paraskeva, CEO & Co-Founder of Paiyroll, to unpack how artificial intelligence is revolutionizing the payroll industry. Mark brings 30+ years of experience in software and payroll leadership, including his time as UK MD at Sage. Now, as the founder of paiyroll®, he’s building tools that cut workload by up to 75% and he’s here to help you get ahead of the curve.If you’ve ever wondered what a smarter, faster, more automated payroll process looks like, this is the episode for you.Connect with Mark: https://www.linkedin.com/in/markparaskeva/Nick Day’s LinkedIn - https://www.linkedin.com/in/nickday/Find your ideal candidate with our job vacancy system: https://jgarecruitment.ck.page/691ee4537eStay tuned for the next episode of The Payroll Podcast, brought to you by Nick Day, CEO at JGA Recruitment, landing soon!(00:00) The Problem with Traditional Payroll(04:50) Mark’s Journey into the World of Payroll(06:56) How AI Is Impacting Payroll Migration(13:28) Understanding the Role of AI vs Automation(15:35) Do Payroll Professionals Need to Learn AI?(16:58) How AI Reduces Errors and Manual Data Entry(23:00) From Operator to Programmer: Payroll’s New Role(29:45) Can AI Deliver 100% Payroll Accuracy?(31:09) Empowering Employees with Self-Service & LivePay(37:15) How Much Time Can AI Really Save?(39:46) Misconceptions About AI in Payroll(40:59) New Skills Required in the AI-Driven Payroll World(45:05) Can Payroll Be Fully Automated?(49:50) Mark’s Vision: Making Payroll a Career People Love