Last week we brought you the first part of our Global Payroll Leader series with John Lestock, this week we introduce part 2 of that interesting interview. Listen to John speak about how a company can utilize payroll data for strategic decision making and John’s advice for companies who are scaling internationally and looking for a Global Payroll Solution.
Introducing the first in our series of interviews with experienced Global Payroll Managers. In our first edition, we have the pleasure of chatting with John Lestock, Global Payroll Accountant CPP at Boeing. During this interview, we cover everything from the changes John has seen in the Global Payroll industry over the past 5 years through how technology is influencing global payroll in terms of automation and standardization.
2019 will be an exciting year for Payroll with innovative technology such as RPA being at the forefront of operational improvements. We have put together a list of the 3 key ways technology can help improve Global Payroll processes and generally making the life of the payroll professional that little bit easier!
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Burnout is a true mental health disaster for employers and employees alike. As the US economy continues to adjust to a more sustainable employment landscape, employees must go the extra mile to find the perfect work-life balance that will allow them to work at their top performance, as well as love what they do. If your employees are on the brink of burnout, consider these five steps to helping them achieve a better work-life balance.read more
Cybersecurity and data breaches are becoming more and more of a concern for businesses. None more so than cyber-attacks on payroll, because when cybercrime involves personal information and sensitive data the damage can be far-reaching and long-lasting. Businesses who suffer a breach of data security run the risk of losing employee trust, damaging their brand image and may face penalties and legal action. Read our key tips to avoid a Cybersecurity attack in the payroll industry.read more
Last week we brought you the first part of our Global Payroll Leader series with John Lestock, this week we introduce part 2 of that interesting interview. Listen to John speak about how a company can utilize payroll data for strategic decision making and John’s advice for companies who are scaling internationally and looking for a Global Payroll Solution.read more
Human resources, talent management, and work environment are changing dramatically in the 21st Century. Companies are handing over powerful projects to teams with streamlined processes. And while some companies feel gut-wrenching starts and stops on key projects as a result of high employee turnover rates, others are enjoying the amazing synergy between remote working team members.read more
Employee motivation is one of the most important factors for business growth. Motivated employees create a positive working environment which fosters superior customer service, higher sales or improved productivity, adding value to a company’s bottom line.read more
Introducing the first in our series of interviews with experienced Global Payroll Managers. In our first edition, we have the pleasure of chatting with John Lestock, Global Payroll Accountant CPP at Boeing. During this interview, we cover everything from the changes John has seen in the Global Payroll industry over the past 5 years through how technology is influencing global payroll in terms of automation and standardization.read more
Incorporating employee background checks is already the standard for most company hiring processes. Read more to learn which are the pros and cons for using social media profiles as background checks.read more
An emerging technology called Robotic Process Automation (RPA) could drive new efficiencies into payroll by revolutionizing the way you deal with everyday tasks.
According to EY, over nine in every ten payroll tasks is highly repetitive. It believes that RPA can automate at least two-thirds of them, cutting costs and saving time. These tasks are the tedious manual operations that payroll workers grapple with each day, this involves reading, processing and sending emails, pulling data from Word documents and Excel spreadsheets, and filling out electronic forms. These manual tasks are highly error-prone. The more tasks there are, the more likely errors are to creep in. RPA automates these tasks, dealing with all the systems that a human operator would normally deal with, extracting, processing and entering data on their behalf.
In this article, we highlight the many benefits RPA can bring to Global Payroll.read more
To grow as a business and attract the best talent, HR departments are turning to the automation of HR processes. HR systems are undergoing automation for many reasons. They want to become more efficient and more accurate to save the company time and money. But it is also proven that by offering superlative service, companies can onboard the best talent and improve staff retention rates, driving revenue for the business in the long term.
Thanks to HR automation, teams are able to focus on the tasks of proactive talent acquisition and long-term strategy. In other words, ensuring the business is putting its best foot forward in line with company goals as it steps into the future. The most important processes for an HR department to automate are the most time-consuming, regular and repetitive processes. We explore what they are here and see just what happens when HR automation is applied.read more
Processing a shadow payroll is common practice for established multinational organizations, but it is a complex process for companies that are new to international expansion.
In this blog post we demystify the concept of shadow payroll, give you an understanding with examples of how to process it and explain the challenges and benefits for multinational organizations.
Corporate culture is fundamental to building a successful organization. A strong, identifiable and positive corporate culture implemented from the top down affects the whole company and ensures a happy workforce. Learn the best practices and how to build a positive company culture across your multinational organization.read more
Facebook’s plans to introduce a new cryptocurrency could have interesting implications for payroll. Read our latest blog post to learn more about Libra and its potential impact on Global Payroll.read more
Now that we have discussed the facts about what is global payroll and the common challenges, it makes sense to provide you with details on how you can become a Global Payroll superhero through education and practical information about learning global payroll. Here are the top 5 global payroll courses.read more
As a company goes global, payroll needs to be a key consideration. Worryingly many business leaders rarely consider payroll operations beyond the basic requirement of paying employees, failing to realize the strategic value of payroll data and its core function for their entire business. Establishing an efficient global payroll is essential for successful international expansion.
But first, we need to go back to basics and fully understand, what is global payroll and why is it important for international business?
Big data has changed our daily lives significantly and affects companies across every industry. It offers HR and payroll departments a big range of analytic possibilities.
Learn what are the pros and cons of big data analytics and how your multinational organisation can benefit from it.
Blockchain technology has become extremely popular over the past several years. However, as it becomes integrated more heavily, we’re seeing some of the challenges blockchain applications have yet to overcome. From open source security to regulation, blockchain has some issues to resolve before reaching its full potential. Read more here.read more
This year, the Payslip team will once again have the pleasure of attending the American Payroll Association (APA) Annual Congress in Long Beach, California. Our team will join thousands of hardworking payroll professionals from all around the world to attend educational workshops, networking events and to discuss emerging industry trends.read more
Global organizations are continuously adopting technology solutions looking to improve and innovate, meet the demands of their workforce and reduce risk and costs. Changes in payroll departments are a sensitive area so ensuring that payroll keeps pace with the rest of the organization is key.
Here, we look at some of advantages of emerging technology and automation, and how they will affect global business.
In 2018 the Tax Administration Service (SAT) created a payroll viewer tool which provides employees access to check the information included on their payroll receipts issued by their employers.
In February 2019, SAT informed that the same consultation tool was created for employers, enabling employers to verify the employee information that SAT holds and validate the correct stamping of payroll receipts.
This infographic prepared by our Latin America payroll partner J.A. Del Rio explains payroll viewer in detail and the Global Payroll impact.
Blockchain technology is poised to impact many industries such as banking, finance, insurance, accounting, real estate, etc. In a highly regulated industries such as HR and payroll, transparent system like blockchain can reduce discrepancies and save time.
Read our latest blog post to learn how blockchain can be used in global payroll and what are the risks and benefits for multinational organisations.