by
Priyanka Mitra, Samarth Kapur, Aman Kaushik, Era Singh
In today’s dynamic business landscape, characterized by ever-changing regulations and an evolving workforce, offering a modernized pay experience to employees is essential. This experience must be fast, flexible, and personalized to meet the diverse needs of employees. Unified pay solutions address this challenge by seamlessly consolidating global payroll and payments under a single umbrella. Additionally, these solutions empower employees with financial wellness tools and flexible pay options such as Earned Wage Access (EWA).
The benefits of unified pay solutions go beyond just operational enhancements. They not only reduce the heavy administrative burden on payroll teams but also elevate the importance of payroll within the organization by providing enhanced control, visibility, and strategic reporting capabilities. For employees, these solutions offer a superior pay experience, making the employer more attractive and modernizing the entire journey of getting paid.
Everest Group surveyed 100+ senior executives in payroll, finance, and HR from diverse organizations to understand the current maturity of global payroll operations and examine the significance of unified pay solutions. The analysis provides insights into the challenges that organizations face and how adopting unified pay solutions can transform the future of global payroll for the better.
Scope
All industries and geographies
Contents
In this report, we provide:
An overview of our research methodology
An analysis of the current state of global payroll, including objectives, outsourcing trends, and reasons for buyer dissatisfaction
A closer look at unified pay solutions, their role in overcoming global payroll challenges, and the multiple benefits they offer
Key enterprise considerations for adopting unified pay solutions
A case study illustrating the positive impact of these solutions
