Looking into the future of global payroll
Meditations on global payroll strategy, technology, and the trends that are defining the future of the industry.
Don't SIT on Global Payroll data; STAND UP to unlock its power!
Data, data, and more data! Give me lots of data! When working in organizations, data is always top of mind, to drive efficiency and effectiveness through actionable business insights. What’s global payroll’s role in all of this? You must have been told many times (including by me) that you “sit on a wealth of data”. Well, it’s time to stand up and unlock this data.
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.
LIVE from Dublin: Bringing the best of global payroll together
Last week we hosted our fourth live, in-person Payzaar-on-the-go event! After very successful events in Amsterdam and Warsaw, our next stop: Dublin, Ireland. In this article we will share the key insights and takeaways from the presentations, client case studies & Fred's story Chapter IV.
Ready to improve your global payroll operations?
We reduced the time spent preparing data for reporting to less than 10 minutes.
