Having a global payroll strategy may be the key to unlocking an organization's next stage of growth. ADP’s Tonya James shows how payroll, when combined with time and HR, can unlock new workforce insights. For more information, visit ADP.com/GlobalPayroll
Transcript:
Most organizations, in order to grow, are looking at a global workforce, meaning they're looking beyond their home country and saying, How can they grow and expand their workforce in multiple countries?
So global payroll teams can really help an organization in supporting their growth around the world.
First way is by using insights and analytics across multiple countries can help them understand where they have changes and trends around their workforce investment, and where they may want to shift that in order to optimize where they've got their people in certain areas. Many times, payroll data is some of the most accurate data within the organization, and by having access to this and being able to look at trends, they can inform strategic decisions in the company. So these can be decisions such as where should we grow? Let's look at workforce investments around the world. How can we decide where to put more investment into different countries? So that's one of the things they can help inform.
Another thing is around being able to look at what goes into the different parts of pay, meaning how is overtime as an example impacting what they're paying around the world? How are things like absences impacting overtime which is impacting pay? And you get to the value of that when you actually connect time with HR, with payroll. And all of those insights combined can provide a ton of strategic value to the organization and really hope that payroll team become a strategic partner within their company.
Another big area where the payroll team helps support growth is actually in the employee experience. Pay impacts every single employee. So by delivering payroll, of course on time and accurate. But in addition to that, in a way where the employees have visibility into their pay and have tools to be able to get answer questions and get the information they need into what makes up their pay is really important.
Additionally, what they'd like to have is more local self-service tools where they can do things like make pension choices or get their information on commuter allowances, and that that's all at their fingertips.
So in this way, the payroll team really helps support that growth around the world for the organization.
