In HRM payroll plays a pivotal function of managing employee pay as well as their personal information. With the advent of time, payroll itself has changed in terms of functionality and nature. Described below are some modern day to day issues faced by payroll stakeholders. Undervaluation of payroll Due to the burdensome workload presented along with use of payroll as a reactive approach (pay employees wages for their effort expended), payroll as a function is deteriorating. Managers view it as a norm rather than a tool for strategic outcome. If properly utilized payroll can be used for identification of cash outflow sources and better utilization of human capital and as a proactive approach rather than a reactive approach. Outdated Most companies view payroll as an outdated function with them trying to implement new software to ease the burden and keep up with the changes of technology to increase response to employee demand. Yet most payroll software used by man...