T he emergence of independent and open global payroll technology platforms has considerably extended the number of options for expanding global businesses. Understandably, many businesses are hesitant to change. However, in a constantly evolving world, clinging to legacy processes can limit a company’s potential for growth and improvement. A streamlined and efficient global payroll function is fundamental to sustainable expansion and overall business success. Reflecting on your goals and operational needs
is the first step to finding a payroll model that aligns with your ambitions. For organisations headquartered in a single country or looking to avoid the cost and complexity of establishing regional payroll teams, outsourcing to a payroll provider can reduce both administrative effort and financial burden. Finding a global payroll model that fits your business is essential to ensuring accurate, timely pay for a geographically diverse workforce. Being pragmatic about your requirements— and fully informed about your options—is the best way to arrive at the right solution. Your current and future business needs, number of operating countries, desired access to payroll data, and available transformation budget are all factors that will shape your provider selection. In simple terms: define your objectives and then choose the model that will help you achieve them. The three primary global payroll models are: One Global Provider
Reflecting on your goals and operational needs is the first step to finding a payroll model that aligns with your ambitions.
Local Providers A Hybrid Model
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ISSUE 11 GLOBAL PAYROLL MAGAZINE
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