GLOBAL PAYROLL MAGAZINE
09
Trick or Treat!
By Zennie Sjölund
Halloween is approaching, but real-world uncertainties provide enough nightmares. In unpredictable times, it’s crucial to lean on your knowledge and the expertise of peers. While others enjoy costumes, payroll professionals handle real- life challenges that impact people and businesses, making their role more critical than ever.
The Pandemic’s specter One such “monster” we tackled was the pandemic. During COVID, payroll professionals ensured that salaries, benefits, and support systems stayed in place, proving to be essential contributors to society. Our gift to the corporate world was survival, and that dedication didn’t stop when lockdowns ended. Today, we continue to package our work with knowledge, skills, and experience. But just as important is the “cover”—how we’re perceived. Many countries now celebrate payroll with special days, such as Payroll Appreciation Day in Sweden or
National Payroll Week in the UK. That’s fantastic! But what perception do we want for payroll? Imagine replacing cake images with payroll facts or humorous illustrations that highlight the complexity of our work. That might help us earn the recognition we deserve. A Ghost: The Shadow Economy A “ghost” rising on the horizon is the shadow economy. Financial crime— money laundering, corruption, fraud, and labor market criminality—poses a threat at every level and puts the risk-based approach of payroll in the spotlight. With the EU rolling out updated anti-money laundering and
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