How AI Is Reshaping the Future of Payroll | Mark Paraskeva

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Welcome to another episode of The Payroll Podcast hosted by Nick Day!

In this game-changing conversation, Nick sits down with Mark Paraskeva, CEO & Co-Founder of Paiyroll, to unpack how artificial intelligence is revolutionizing the payroll industry. 

Mark brings 30+ years of experience in software and payroll leadership, including his time as UK MD at Sage. Now, as the founder of paiyroll®, he’s building tools that cut workload by up to 75% and he’s here to help you get ahead of the curve.

If you’ve ever wondered what a smarter, faster, more automated payroll process looks like, this is the episode for you.

Connect with Mark: https://www.linkedin.com/in/markparaskeva/

Nick Day’s LinkedIn - https://www.linkedin.com/in/nickday/

Find your ideal candidate with our job vacancy system: https://jgarecruitment.ck.page/691ee4537e

Stay tuned for the next episode of The Payroll Podcast, brought to you by Nick Day, CEO at JGA Recruitment, landing soon!

(00:00) The Problem with Traditional Payroll

(04:50) Mark’s Journey into the World of Payroll

(06:56) How AI Is Impacting Payroll Migration

(13:28) Understanding the Role of AI vs Automation

(15:35) Do Payroll Professionals Need to Learn AI?

(16:58) How AI Reduces Errors and Manual Data Entry

(23:00) From Operator to Programmer: Payroll’s New Role

(29:45) Can AI Deliver 100% Payroll Accuracy?

(31:09) Empowering Employees with Self-Service & LivePay

(37:15) How Much Time Can AI Really Save?

(39:46) Misconceptions About AI in Payroll

(40:59) New Skills Required in the AI-Driven Payroll World

(45:05) Can Payroll Be Fully Automated?

(49:50) Mark’s Vision: Making Payroll a Career People Love