How resilient is your payroll offering? In today’s volatile business environment, payroll teams face unprecedented challenges that demand innovative solutions. In this video, Chris Howard discusses these issues with Adam Morris from the HR transformation team, shedding light on key obstacles and strategies to enhance payroll offerings.
Navigating Payroll offering challenges amid global uncertainty
Key Challenges Impacting Payroll
- Global Uncertainty: The ever-changing global landscape disrupts business operations, placing additional strain on payroll processes.
- Rapid Business Change: Shifts in organisational structures lead to significant payroll data changes that require swift adaptation.
- Legislative Complexity: Payroll teams struggle to comply with varying regulations across regions.
- Vendor Management: Handling multiple vendors with diverse approaches increases complexity and costs.
Proposed Solutions for Payroll Teams
Adam emphasises the need for a robust payroll offering that addresses these challenges through:
- A codified operating model with defined processes and capabilities.
- Standardised procedures to ensure consistency across regions.
- A robust data model ensuring seamless collaboration between payroll, HR, and finance.
Watch now to explore actionable insights for overcoming these challenges and future-proofing your payroll operations.
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