An exclusive relationship isn’t the only option…

When should local payrollgo global?

You’ve got a good relationship with your payroll supplier. They understand you, support you, they’re your hero and your rock at the end of every payment run.

But…

What if there’s something better out there? What about moving to a global payroll provider? An exclusive relationship has benefits but so does having several payroll partners in strategically placed locations - like in every country you operate in. If you’ve been having thoughts about finding a better partner who understands your global hopes and dream, this guide will help your decision making so you can make the first move.

90% of leaders recognise the business benefits of having a global payroll provider but less than a third actually have one.

Be the Payroll Master who takes local payroll to great global heights.

Contents• Local talent• Future technology• Trust and transparency• Measurable success• Global governance • TLC for your TCO• Satisfied customers• Agility and scalability

One of the many perks about going global is that you don’t have to sacrifice intimacy or security – in fact you can enhance it! A leading global provider will offer expert in-country knowledge, from Timbuktu to Kathmandu. With ever-changing and complex regulations relating to Payroll & HR, this is a game-changer.

Legislation, compliance, language and cultural norms are different wherever you go (we love diversity) so it’s essential to be able call upon qualified local talent who understand, collaborate with and help your global teams.

If you’re using a local payroll provider, are they truly aligned to your business and do they feel part of your team?

Local talent

Future technology

Before you get all misty eyed about the thought of leaving your payroll provider, you’ve got to think about the future here. Is your partner keeping things exciting and innovative in the payroll department? Are you benefitting from new and emerging technology such as automation, AI, machine learning and mobile apps?

If they’re not fully committed to innovation, the cracks will show when they can’t keep up with the demands of the future workforce. A global payroll provider will embrace cloud-based software, tools, remote IT expertise and advanced analytics to enable digital transformation across your entire business. If your payroll partner is reluctant to change or is making excuses, it’s time to rethink your global technology strategy to future-proof your organisation. 88% of Chief HR Officers and Chief Financial Officers will be investing more in their payroll technology by 2025

PIONEER.OBSESSED.

MASTER.

Trust and transparency

Visibility, transparency and accountability are all key ingredients for a perfect partnership, but can you guarantee this is happening in every country you’re operating in? You can’t be everywhere, so you have to be able to trust your local providers to run accurate payroll on time, every time.

They have to comply with local regulation and global policies, for both your people and your brand reputation. With a centralised structure from a global payroll provider, you can rest easy that your partners are being transparent and trustworthy, always.

What’s more, a fully comprehensive solution takes on risk and accountability, so you know they’ve always got your back.

Measurable success

This is one relationship where you can measure success and even predict what the future holds. Working with a global provider means you can unlock insights from all employee data held surely in the cloud and produce accurate reports quickly.

We’re talking about amalgamating big data that would take forever and a day to pull together without the speed and agility of a global payroll solution. Armed with in-depth visibility and tools such as trend analysis, you’ll be in a great strategic position to make business decision and predictions with confidence on a global scale.

You’ll also raise payroll’s remit by providing the insight for KPI setting and measuring at boardroom level – major brownie points.

GURU.FANATIC.

NINJA.

Global governanceGlobal payroll can cause major discord without defined ownership and accountability. Certain countries, like the UK, often take the brunt of complex payroll queries and management of multiple suppliers… like an unofficial marriage counsellor.

If you know this feeling all too well then you should be seeking a more egalitarian solution. With a leading payroll partner, global (shared) governance is supported by one contract, service model and implementation process, setting clear lines of accountability.

Strong governance and collaboration are the bedrock of providing all your people with the quality payroll services they expect.

FANATIC.GEEK.

TLC for your TCO

That’s right, outsourcing your global payroll to a single provider gives your TCO (total cost of ownership) some TLC (tender loving care), reducing it by around 20%. Imagine what that can do for your bottom line. Sign one contract that covers all your regions and wave goodbye to several overheads.

These include direct costs (IT infrastructure, fragmented systems, hardware, data security) as you move to the cloud and indirect costs such as expensive Payroll & HR consultancy. Remember that cutting-edge payroll platforms are designed to save time, which also saves money and gives your payroll teams a more strategic and rewarding focus.

Productivity can increase by 30%.

Satisfied customers

You’re operating globally and your customers – your people – should receive the same great payroll experience wherever they are based. Good payroll naturally leads to engagement and satisfaction so you can attract and retain the best talent.

Streamlining the employee experience regardless of international borders is all part of the package when you engage a leading global payroll provider, including self-service platforms, mobile apps, interactive payslips and expert help, whatever language or time zone!

As future working patterns change and people seek financial well-being services from Payroll & HR, your platform needs to be fit for purpose - innovative, automated and secure on aglobal scale.

FANATIC.MASTER.

WIZ.

Agility and scalabilityAs your business scales (up or down), an agile payroll system will be able to respond to global fluctuations, mergers and acquisitions including onboarding of small teams or countries. Paying overseas salaries and third-party payments can be extremely complex, but an expert payroll provider can offer better exchange rates, using one platform to process multiple currencies with transparency and accuracy.

Tempted by global payroll and blossoming new relationships? Here’s a quick recap of the key benefits:• A leading global provider will have in-country experts on Payroll & HR matters

including language, compliance and finance• You can enable digital transformation across your entire business with a global

payroll partner and innovative technology • With a centralised and transparent structure, you know you will be working with

trustworthy and accountable payroll partners • Raise payroll’s remit in the boardroom by providing the insight for KPI setting

and measuring on a global scale• With a leading payroll partner, you can set clear lines of accountability to

support global governance • Reduce your TCO by around 20% and increase productivity by 30%• You’ll be able to provide first-class payroll services and support to your people

regardless of geographical location • A robust global payroll system will be agile in response to business fluctuations,

mergers and acquisitions

Without getting too emoshe, we’d love to be your global payroll partner for life. At SD Worx we are unhealthily obsessed with payroll and we don’t just live and breathe it, we influence policy and help shape the future.

If you decide global payroll is the way to go, we’ll be right here for you. 100%.

Even if you think you’ve found the ideal payroll partner, an exclusive relationship isn’t the only option. Having several payroll partners around the world, unified by one service model and contract, ensures you can pay your people on time, every time, in every time zone and currency. If you’ve been having thoughts about finding a better partner who understands your payroll needs on a global scale, this book will help your decision making.

90% of leaders recognise the business benefits of having a global payroll provider but less than a third actually have one.

We dedicate this book to all Payroll Perfectionists who dare to make the first move.

Ready to

first moveTo find out how we can help you revolutionise your payroll operations, get in touch with the Payroll People...

0800 0482 737the-payroll-people.com/talktous

make the