Webinar Looks at State of Global Payroll, Its Future

Understanding the possibilities of the modern global payroll landscape is a goal for many multinational organizations driven by easier compliance support, vendor consolidation, and process automation. In the Workday sponsored webinar, “Payroll’s Inflection Point,” Sherry Yarborough, Principal Outbound Payroll Product Manager at Workday, and Pete Tiliakos, former Principal Analyst and Co-Founder of GxT Advisors, shared how technology helps payroll shift from its simple processer stigma to a strategic advisor and center of expertise. 

Multinational firms across sectors increasingly recognize that legacy payroll operating models lack the resiliency, flexibility, and modern infrastructure required to support their strategic plans. Global payroll operations leverage a patchwork of solutions absent of standardization, workflow automation, or integration. Bogged down by manual processes and lacking the technology investments to activate and flow its dataset across the HCM landscape has left payroll practitioners feeling stressed, underserved, and frustrated. Compounding this is the continued lack of understanding and respect for the complexity of managing a compliant global payroll process today.

Many practitioners indicate that payroll is still largely perceived as a simple back-office function by their organizations. Often overlooking the strategy impacting value and organizational agility payroll can enable when modernized. Prioritizing payroll as a central element in the broader HCM strategy and employee experience is vital to activating payrolls' rich insights, enabling organizational agility, and elevating the profession from its cost-center stigma to that of a trusted strategic partner and strategic value enabler for their businesses.

Leveraging new technology as part of the digital transformation would help multinational organizations seeking a single view and control of global payroll. New technology enables payroll to be always on to process changes in real-time and provides an engaging experience valuable having valuable data available for insights.