How can payroll data analytics be used to inform strategic business decisions?
- All of the above
- Analyzing employee performance
- Assessing market trends
- Identifying areas for cost-cutting
Payroll data analytics can be used to identify areas for cost-cutting, providing insights into areas where efficiency improvements can be made. While it can also be used for other purposes, such as analyzing employee performance and assessing market trends, the primary focus in this context is strategic cost management.
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