Looking into the future of global payroll
Meditations on global payroll strategy, technology, and the trends that are defining the future of the industry.
The hidden drain on productivity: Preparing payroll inputs!
Payroll is hard work and requires intelligent people; we know this. And if you’d ask them what takes the most time and what frustrates them… it would be payroll inputs (or the lack thereof). I had this experience, too, and always used the benchmark that close to 60% of the time in pre-payroll, run payroll, and post-payroll is spent on payroll inputs.
Hidden outsourcing cost: An unwanted gift you pay the price for
“That is out of scope. Nope, that is out of scope as well. No, I am sorry, we do not offer these services. A custom GL? No, that’s extra. We need a YTD G2N because our auditors are visiting us. Here’s the bill. Can you read this letter from the local Tax Authorities? We are not a translating service.” These are provider responses to their customers' requests for services.
If your payroll is your baby, you’d want to know who’s the nanny
Payroll professionals are dedicated to delivering accurate, compliant, and timely pay to their workforce. No roadblock can prevent them from achieving this objective, this purpose: anytime, anywhere, always. You could even argue that the payroll is like your baby, your family.
The wait, the long global payroll wait… when will those freaking results come in?!
This is bringing back lively memories for me. And likely for you too. The WAIT. You and your team have worked very hard to get all the inputs to come in at the agreed cut-off. And I mean all the inputs, not just that integration or those reports from your main HCM.
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Attracting talent in global payroll: harder than getting a payroll approved?
Are you a talented global payroll professional? I bet you are! But how easy is it for a business to attract your talent to their business, and bring their global payroll up to the highest industry standards? We’ve asked our followers this question: Do you find it hard to find the best global payroll talent?
Ready to improve your global payroll operations?
We reduced the time spent preparing data for reporting to less than 10 minutes.
