Global Payroll? A Few Planning Considerations…
Human Resources Globalization
Today’s businesses operate in an increasingly global environment. As a result, globalizing operations has become a key focus area for progressive HR organizations in order to be responsive to the company’s needs. The focus has evolved from ensuring basic services are in place or being hands off to country operators to developing an enterprise-wide model that better positions the company for global success. For HR, this means improving services, reducing costs, increasing compliance adherence, and being a better advisor to the business on needs like talent management.
Global payroll is one service that is driving today’s HR transformations. It has become an increasingly popular opportunity, which may be linked to the increase in corporate service global delivery models, the push for global process ownership, and the search for that next layer of improvement opportunities. Additionally, the quality and availability of global payroll solutions has improved, making the jump to a global operational approach to payroll more palatable.
Whether HR is responsible for payroll or is a partner to finance in the delivery of payroll, it may be time to evaluate a new global payroll solution for your organization. While not being exhaustive, this article touches on some important considerations for HR organizations looking at this opportunity.
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