Streamlining HR processes through AI-powered payroll management
The idea is to develop an AI-powered payroll management platform that simplifies and automates HR processes for businesses. It will handle tasks like calculating salaries, managing tax deductions, and generating payslips. This solution will reduce the administrative burden on HR teams and minimize errors. Market size: According to a report by MarketsandMarkets, the global payroll & HR solutions/services market is estimated to reach $43.3 billion by 2026, with a CAGR of 9.2%.