AI AND AUTOMATION IN PAYROLL PROCESSING: A CASE STUDY OF MEDIUM-SIZED ENTERPRISES IN PORT HARCOURT, RIVERS STATE
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
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- Recommended for :
- NGN 5000
CHAPTER ONE
1.1 Background of the Study
Payroll processing is one of the most critical and time-sensitive tasks within an organization, ensuring employees are paid accurately and on time. Traditional payroll methods can be cumbersome, prone to errors, and involve significant manual oversight. For medium-sized enterprises, which may lack the resources for dedicated payroll departments, these challenges can become even more pronounced.
Artificial Intelligence (AI) has the potential to transform payroll processing by automating calculations, tax deductions, and compliance checks. By integrating AI-powered payroll systems, companies can reduce human error, improve accuracy, and increase operational efficiency. Furthermore, AI can analyze payroll trends and offer insights into cost-saving opportunities.
This study examines how AI can automate payroll processing for medium-sized enterprises in Port Harcourt, Rivers State, and the impact of this automation on efficiency, cost, and employee satisfaction.
1.2 Statement of the Problem
Medium-sized enterprises in Port Harcourt face challenges in managing payroll manually, such as errors in tax calculations, delayed payments, and compliance issues. AI offers a solution for automating these tasks, but the adoption of AI in payroll systems remains limited. This study aims to explore how AI can streamline payroll processing and improve accuracy in these businesses.
1.3 Aim and Objectives of the Study
The aim of this study is to evaluate the role of AI in automating payroll processing in medium-sized enterprises in Port Harcourt. The specific objectives are:
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To assess the effectiveness of AI-powered payroll systems in automating payroll tasks.
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To explore the benefits of AI-driven payroll automation in terms of cost reduction and accuracy.
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To identify the barriers to adopting AI-powered payroll systems in medium-sized enterprises.
1.4 Research Questions
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How effective is AI in automating payroll processing in medium-sized enterprises?
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What challenges do medium-sized enterprises face when adopting AI-powered payroll systems?
1.5 Research Hypotheses
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AI significantly improves the efficiency and accuracy of payroll processing.
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The implementation of AI in payroll processing reduces operational costs.
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Medium-sized enterprises face significant challenges in integrating AI into payroll systems.
1.6 Significance of the Study
This study contributes to the understanding of AI’s impact on payroll management, offering practical recommendations for medium-sized enterprises in Port Harcourt. The findings will help businesses enhance efficiency, minimize errors, and optimize their payroll systems.
1.7 Scope and Limitation of the Study
The study focuses on medium-sized enterprises in Port Harcourt, Rivers State, and the use of AI for payroll processing. It excludes large enterprises or companies in other regions. Limitations include access to data on existing payroll systems and potential reluctance to adopt AI technologies.
1.8 Definition of Terms
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Artificial Intelligence (AI): Systems that use algorithms and machine learning to automate tasks and processes traditionally requiring human intervention.
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Payroll Processing: The administrative task of managing employee wages, tax deductions, and benefits.
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Medium-sized Enterprises: Companies with a moderate scale of operations, typically employing between 50 and 250 employees.
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