The Evolution of Payroll

The Evolution of Payroll

From traditional bookkeeping to cloud-enabled automation, payroll has come a long way.

7000 BC

  • Chiselling hours worked into stone

The Evolution of Payroll

1890s

  • William Le Grand Bundy invents the earliest recorded time card machine

The Evolution of Payroll

1920s

  • Workers submit written time cards in exchange for cash

  • Clerks hand write ledgers

The Evolution of Payroll

1940s

  • Mechanical and Electronic Calculators became the choice of many companies for payroll and accounting

The Evolution of Payroll

1950s

  • The Lyons Electronic Office (LEO 1) was the first computer to handle business tasks like payroll

The Evolution of Payroll

1980s

  • The IBM AS/400 became the business computer of choice

  • Popularisation of fax machines

The Evolution of Payroll

1990s

  • Microsoft Excel became a common tool for managing payroll

  • Employees could email timesheets

  • Rise of the small personal computer

The Evolution of Payroll

2000s

  • Magnetic stripe technology for both time and attendance, and security

The Evolution of Payroll

2016

  • An era of payroll automation

  • Using cloud computing and digital technologies to reduce administrative effort

The Evolution of Payroll

The Future

  • GPS tracking

  • Artificial intelligence including chatbots and machine learning

  • The Internet of Things

The Evolution of Payroll

Do you
remember when?

The evolution of payroll