Episode 193

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

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About the Podcast

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The Payroll Podcast
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About your host

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Nick Day

Nick Day is a globally recognised thought leader in the payroll and HR industry, with over 20 years of experience as the founder and CEO of JGA Recruitment.

As an ILM 7 qualified Executive Coach and Mentor, Nick has dedicated his career to guiding CHROs, entrepreneurs, and payroll industry leaders worldwide.
Nick received the PAYO Global Vision Award in 2024 and was also voted one of Thinkers360’s "Top Voices EMEA" the same year.

In 2023, Thinkers360 ranked Nick as the #1 Global "Thought Leader in Payroll” and #9 Global "Thought Leader in HR.” That same year, he received the Recruitment Leaders Leader Award (RDLC) and the Personality of the Year title at the Reward Strategy Leadership Awards.

Nick's deep knowledge of the payroll industry and his coaching expertise make him a sought-after speaker and mentor for payroll and HR leaders. His presentations are known for their interactive elements, real-world applications, and actionable takeaways, ensuring attendees leave with a clear path to enhance their leadership capabilities.

Nick Day has a rich history of delivering impactful presentations, keynote speeches and workshops at various industry conferences and events. His engaging speaking style and practical insights have earned him recognition as a leading voice in payroll leadership.