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Meditations on global payroll strategy, technology, and the trends that are defining the future of the industry.
In this article, we will lay out the key HR & Payroll trends for 2021. 2020 is over and many of us couldn’t wait for it to come to an end. It was a year filled with unprecedented changes and challenges for the global community at so many levels.
If you are working in a multinational environment, you have probably come across the term “shadow payroll” and you probably have a vague concept of it. But what exactly constitutes a shadow payroll and how does it really work?
In the payroll world, compliance is of utmost importance. Payroll is highly regulated and as an employer, you need to make sure that you pay 100% of your employees, 100% accurately, 100% of the time. Mistakes can be very costly and lead to major headaches.
As multinational organizations become more complex, with larger workforces and more payrolls to manage, the amount of manual revision and data reconfiguration required to process payroll grows exponentially.
Over the last few years, at Payzaar we’ve had hundreds of conversations with payroll leaders at multinational organizations. Each company has its own unique set of challenges, but there’s a recurring challenge that keeps popping up: integration between HR and payroll.
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