Beyond The Comfort Zone In Payroll Processing: Are You Brave Enough To Try?

Beyond The Comfort Zone In Payroll Processing: Are You Brave Enough To Try?

November 24, 2023

Innovation and change in human resource management have consistently been top priorities for many businesses recently. However, despite the readiness for innovation, why is progress still elusive?

However, despite the readiness for innovation, why is progress still elusive? 

Up to 79% of businesses prioritize innovation and creativity, but according to statistics from Potential Lab, only about 30% of them achieve success. This dilemma is a concern for many business leaders, particularly in the field of human resources, which tends to be administrative and offers little room for innovative thinking. 

Present at The Makeover, a conference with focus on HR & business innovation strategies, organized by Talentnet, Ms. Tieu Yen Trinh, CEO of Talentnet Corporation shared with participants the word “DARE ” to help businesses firmly step on the innovation journey: (1) dare to step out of the safe zone, (2) dare to give up old habits to innovate and (3) dare to create and expand vision to create value for people and society. However, along with new thoughts and approaches, do not forget to focus on resolving outstanding issues. 

The 3 words "DARE ” to help businesses step on the innovation journey
The 3 words “DARE ” to help businesses step on the innovation journey

(1) Dare to step out of the safe zone:

Transitioning from traditional methods to new technological solutions can be a challenge. But if you “dare” to try, it becomes an opportunity to optimize processes and enhance efficiency. 

(2) Dare to give up old habits to innovate: 

Automation and application of AI technology can help reduce repetitive work and increase accuracy in processes. While habits provide stability, they can also become a barrier to innovation. 

(3) Dare to create and expand vision to create value for people and society: 

Innovation not only improves business performance but also creates value and enhances experience and quality of life for employees and the community. 

Are businesses brave enough to step out of comfort zone in payroll processing?
Are businesses brave enough to step out of comfort zone in payroll processing?

“Especially for businesses with aspirations to reach markets in Asia or globally, besides ‘daring’ to think and innovate, standardizing the existing system is also a key point for success,” Mr. Jack Nguyen, Deputy CEO of Talentnet Corporation shared. Taking payroll processing as an example, many businesses believe that payroll is an administratively intensive task requiring high security, making outsourcing unfeasible. However, by broadening their vision, “daring” to step out of the comfort zone, businesses will realize that outsourcing payroll not only frees up a significant amount of administrative work but also enhances the employee experience. 

With systems with absolute security and standardized processes that ensure high accuracy, outsourced payroll units help businesses focus on core activities that impact profits. With Talentnet’s payroll service, businesses can also fine-tune according to their needs. All human resources and payroll management systems will be integrated into one complete system, helping to create consolidated reports and provide an up-to-date, immediate overview of human resources costs for the business. 

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