Global payroll: Organization health check

1. Introduction

As a new global payroll year begins in 2023, multinational companies everywhere are reflecting on some of the many changes that have occurred across the global payroll landscape in recent years. A global pandemic impacted businesses and world economic activity in an even more dramatic way than the financial crash of 2008. The world went indoors and business critical services like global payroll were delivered remotely for up to two years. After this, it was clear that we were never going back to the way we did it before, so it is still delivered remotely at many organizations today. Hiring and recruitment practices have also changed dramatically as a result of the global pandemic-the focus is now on the work from anywhere concept and workforce. Remote working and hybrid working has become the new normal. Location is no longer a factor when hiring top talent, many of whom are onboarded remotely and will work remotely on a permanent basis. This has resulted in significant diversity in workforce types within multinational companies today: permanent employees, contractors, expats and employer of record workers has become a normal mix. Needless to say, this introduces a whole new level of complexity for global payroll management and delivery. In this paper, we will reflect on a much-changed landscape for global payroll operations and processing. We will look at the options available for payroll delivery and management and examine some popular approaches we are seeing in the market. We will also provide you with an important checklist that enables you to test and gauge the ability of your global payroll department to meet many of the challenges facing global payroll today.

| Global Payroll: Organization Health Check

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