OneSource Virtual blog

The HR technology market is exploding. In 2025, it’s at approximately $42.5 billion and is projected to reach $82 billion by 2032.

Payroll management sits at the heart of every successful business, yet it's one of the most underestimated functions in modern organizations. It can serve as a strategic advantage that builds employee trust, ensures compliance, and drives operational efficiency.

Most employees don’t think about how they get paid — as long as the deposit hits their account on time. But behind every paycheck is a series of tasks that include tracking hours across locations, applying the right tax rates and benefit deductions, handling garnishments, and reconciling every line item before payday.

Net pay has real-world repercussions. It determines whether your employees can afford groceries for the week, their child's daycare, their mortgage, or their rent. If it isn't calculated correctly, that's not just an accounting headache — it impacts their lives and damages both trust and morale.

Manual payroll processes are time-consuming, error-prone, and often fail to meet the needs of growing organizations. Thankfully, payroll automation has matured to the point where it’s both proven and accessible.

On July 4, 2025, President Donald Trump signed H.R. 1, also known as the “One Big Beautiful Bill,” into law. At nearly 900 pages, this comprehensive legislation included the No Tax on Tips Act, which significantly changes how tips are taxed in America.

Payroll has traditionally been viewed as a behind-the-scenes administrative function. But forward-looking payroll leaders know this is no longer the case. Today, payroll can—and should—be viewed as a strategic business partner capable of driving employee engagement and organizational success.

Last week, approximately 15,000 gathered in San Francisco to celebrate the 15th year of Workday Rising. Every year, Workday hosts two Rising events—one in the U.S. and one in EMEA—bringing thousands of customers and partners together for several days of learning, networking, and fun.