How the payroll skil impact your global 04:05 ADVERTORIAL ISSUE 2
From the moment an employee steps foot in a new country, they must be paid according to the compliance regulations of that country.
Yet according to ADP’s ‘ Guide to payroll skills for internationally expanding businesses ’, almost a quarter (22 per cent) of payroll leaders list ‘paying employees’ as one of their biggest challenges when expanding into new geographies. Finding and recruiting qualified payroll staff plays a big part in this - as ADP reports that twenty-two per cent find it hard to recruit payroll employees in local markets. Given the current state of the labour market, it is hardly surprising that ADP discovered over half (54 per cent) of business leaders say their payroll service is or has been affected by a shortage of payroll staff.
But are businesses looking in the right place, or looking for the right skills?
Payroll: aspirational profession or job you stumble upon? Payroll is regarded as a multidisciplinary profession in only a few countries, such as France and Italy where degrees in HR management and payroll are offered. Despite its complexities payroll can be perceived as an ‘accidental career’, whereby someone finds themselves in the payroll team after covering a colleague’s extended leave or being seconded from another department.
Sixty-four per cent of organisations say they are training existing nonpayroll staff to cover payroll jobs; proof
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