Data Snapshot

HCM Tech Growth 2022: Payroll Category

December 15th, 2022
With contributors:
James McQuivey, PhD , Anjali Thomke , Demi Starks

According to Forrester’s Software 1 Survey, 2022, 74% of software decision-makers report that their organizations are adopting a payroll software vendor. Sixty percent of those whose organization plans to adopt or has adopted this technology and has a primary provider report that they’re satisfied with their existing payroll product, while 30% are evaluating or planning to replace it with another product from the same vendor. HR and IT leaders should review their payroll solution’s capabilities and roadmap to determine whether it will meet their current and future needs.

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