What is the best way to keep the payroll data safe for future statistical needs?

Have a pass word in the computer so that one access informatio, Print and file away in alockable place.

Share infornmation in the payroll with the respective pple who will use it.

Using ERP System to maintain Payroll data safe.

Most companies are suing ERP sofwars, e. g JD edwards, for payroll procssing and other operations, dat can be stored in the back up or a sperate file can be created to keep a record of Payroll to access both online and offilline anytime. Data should be encrypted and password protected for Data protection purposes. 

In today's era of technological advancements, the most convenient way to keep the payroll data safe for future use is by using various ERP tools like, SAP, PeopleSoft, Oracle 11i, etc.

Many organisations are also using locally developed and customised payroll softwares for managing and upkeep of the data safe in their servers.

Mostly organization are using SAP or other payroll management software which are maintaining the payroll data for many years and you can use for statistical needs. however, we can also manage the specific data for saving in online spaces and merging into one master file and on requirement, we can use this data for future analysis or statistical purpose.

Create a separate and make it a database of employee records.

Cloud based encrypted data maintenance gives assurance to data safe.

Information backed up & password protected