We live in an age of globalisations with organisations increasingly reviewing their global options for shared services and outsourcing. This whitepaper will focus on the globalisation of Payroll and recommend a solution that clients seeking globalisation should follow.
Payroll is the underestimated function that sits between HR and Finance. In organisations that operate in numerous countries, the Payroll function can look very different from country to country, and certainly when comparing that function to the same function in other organisations. It is common for the following questions to exist when reviewing the globalisation of payroll.
- Should Payroll be part of the global HR function or the global Finance function, and
should this be consistent for each country?
- Should we operate a globally centralised payroll process or a largely decentralised
model? Or go for “hub and spoke”?
- How do we ensure we mitigate against the legal risks?
- Is Payroll a sub function that we should consider outsourcing?
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