Managing payrolls across different countries is complex and challenging: staying up-to-date with constant changes in local regulations, working with different local payroll systems, coordinating interfaces with HR systems, and consolidating data from different data sources.
At the same time, the payroll function in many companies today is expected to do “more with less”, i.e optimize their cost base and deliver better service. That’s the reason many organizations are re-evaluating their global payroll strategies and looking to streamline and simplify their global payroll operations.
However, such a global transformation is not an easy endeavour. Key questions to be answered include: