The Payroll Transformation Journey
Viewpoint
Payroll is an important touchpoint in the employee life cycle, as nothing disengages an employee more than a delayed or incorrectly processed salary. Thus, adopting a more strategic approach to payroll has become the need of the hour. To support continuous data exchange and elevate payroll to a strategic function, we recommend that organizations integrate different HR systems globally. This integration can drive cost synergies, offer better spend visibility, provide more people insights, enhance workforce experience, and drive workforce strategies. Achieving this integration is not easy, however, and enterprises would do well to diligently evaluate their current states and establish the target states of their payroll operations based on their strategic priorities.
In this report, we assist enterprises in assessing their payroll maturity and formulating a payroll transformation strategy using the right mix of core and point solutions across their countries of operation.
Scope
All industries and geographies
Contents
In this report, we:
- Introduce the strategic payroll transformation approach
- Examine a maturity model for the evaluation of payroll integration
- Look at an illustrative solution for global HR operations
- Describe the key considerations for enterprises before they embark on a payroll transformation journey