Global Payroll Benefits
Posted May 13th, 2009 by Yvan
Finalising your business case, wondering why should you outsource your payroll,... here is a summary of some of the benefits you should be able to take advantage of:
- Standardized service delivery model
- Centralisation (global)
- Single contract
- Standardised Service Level Agreement
- Consistent service delivery and access to a Center of Expertise (COE)
- Facilitate benchmarking
- Cost reduction of payroll processing
- Single source of information facilitating reporting
- Single system facilitating maintenance
- One database facilitating future innovative improvements
- Ability to scale quickly in high growth markets
- Data integrity improvements
- Data protection and compliance reinforcement
You might also want to read this article - Ten Global Payroll Challenges (and How to Overcome Them) - and go through some of the associated challenges.