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!
Payslip Global Payroll Software Targets Multi-National Employers To Meet GDPR Challenges With €1million Investment
Global Payroll Software company, Payslip, today announced a €1 million investment, led by Frontline Ventures and AIB, and leading Technology Investors, Tribal, Bloom Equity & Enterprise Ireland. Payslip delivers innovative global payroll management...
Ryanair and holiday in the same sentence is normally a happy one. Where are you off to? Yippee. Holiday time. Not at the moment with the current furore over pilots’ annual leave and reported ‘mismanagement’ or planning. When Ryanair announced their massive...
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According to a report by People Management in 2017, change management is one of the top challenges faced by HR teams in modern businesses. In the current landscape, organizational change as a result of fluctuating market conditions, growth or technological progress is near-constant. Whether it’s scaling up a business, overseeing a merger or acquisition or expanding into international markets, the change process must be handled with care and expertise to safeguard the future of the company. Read more to learn which are the key steps involved in the successful implementation of change.
Salary can be a motivating factor for employees as many people regard their pay packet as an indication of their worth. Employees are likely to compare their pay information to that of their co-workers and those in their industry, even if this data is not always readily available. Indeed in the US, only 17% of private sector companies practice pay transparency. Whilst 41% discourage and 25% actively prohibit salary discussion amongst employees.
In this article, we discuss whether transparency can be a motivating or demotivating factor for employees and give examples of successful global companies who are embracing the trend towards transparency.
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.
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.
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.
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.
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.
For companies looking to grow their global operations, Australia can be a smart location for overseas expansion. However, there are specific rules for payroll and tax laws that foreign companies should consider.
Here’s a guide to the most important things to know from Global Payroll Perspective.
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.
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.
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.
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.
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.
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.
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.
Singapore is identified as a tax haven, however payroll processing in the country involves specific rules and regulations. In our latest article we have listed some of the key factors multinational companies should consider when setting up business in Singapore from a Global Payroll Perspective.
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.