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Meditations on global payroll strategy, technology, and the trends that are defining the future of the industry.
Last week, I asked for your participation in another poll. This time I wanted to focus on strategy, as that has been top of mind for most global payroll managers and leaders that I’ve spoken to over the past couple of weeks. So, I just asked the simple question “Have you documented your Global Payroll Strategy?”
With my payroll brain that never really sleeps, I started to see the similarities between this tale and ours here in global payroll. So I decided to share this with you in the context of making our profession more visible.
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.
Whether you have chosen payroll as a conscious career choice, or you have fallen into payroll; regardless, you are in payroll! You should be proud. As I like to always say; once you roll into payroll, you never roll out of payroll! Why is that? I have been asked this question a lot lately by colleagues, friends and family.
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!
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No more paper, all online. It's proved instrumental in streamlining our processes.