By refusing to settle for low-quality data to process payroll, organizations are better able to improve operational efficiencies and gain enterprise visibility.
Data is key to understanding the health of a business. Payroll professionals work hard to ensure that payroll matches the data received, with minimal errors. But with disparate systems in different regions, the data payroll received is often inconsistent in quality and can present an incomplete picture of how the business is performing.
Many global organizations that are committed to improving the quality of their payroll, including the data used to process payroll, are moving to a centralized workforce solution. The following four strategies can be used to jump-start a global workforce management strategy that will improve the quality of payroll data:
- Embrace global standardization
By creating a standardized approach, organizations can implement a consistent, effective, and repeatable system that focuses on collecting and feeding the same, high-quality data throughout the organization.
- Target processes with high value, high potential for automation
Automating basic work rules to match established policy and meet local labor laws injects fairness and equitability for employees by placing everyone under a consistent set of guidelines.
- Build consensus, create consistency, and plan for change
Before beginning any project, assemble a cross-functional team led by a strong executive sponsor. If a project is thoughtfully executed, these stakeholders can serve as advocates to accelerate adoption.
- Empower the team
Once the initial group of stakeholders is assembled, give them the ability to make key decisions about existing processes.
Global standardization of payroll process will improve operational efficiencies, provide visibility into the health of the enterprise, support employee engagement initiatives, and mitigate compliance risk.
Download this informative article to learn more about the many benefits of adopting a centralized workforce solution.