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Meditations on global payroll strategy, technology, and the trends that are defining the future of the industry.
When you think of a crucial metric or Key Performance Indicator (KPI) in Global Payroll, it has to be the first time right approval of payroll results. This was and still is, a prime question I asked clients when I was a consultant, and I asked the team when I joined a new global payroll gig.
If you ever worked in a multi-country payroll role with outsourced payrolls, you will know how important a G2N (Gross to Net) report is in the payroll cycle. I used to (and still do to date!) dream about G2N. Like, literally dreaming about them... The G2N is at the heart of most payroll processing controls, automation and reporting. Let's explore the mythical status of the G2N!
In a poll I ran last week, 28% of global payroll managers indicated that implementing global standards is their top priority for 2024. This implies that they will need to break through the longstanding paradigm in global payroll: flexibility combined with standardisation.
To kick off the new year, I ran a poll to understand the top priority of Global Payroll Managers for improving their Global Payroll Operations in 2024. These are the results:
So how do you build a strong business case for a global payroll solution? There are a number of different factors to consider. In the following, we will outline each factor and we will then calculate a sample business case for global payroll.
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