Data-rich but lacking insight

Companies are drowning in employee pay data but don’t have the right insight into risk, cost, or workforce trends. Nine in 10 (89%) respondents say they use automated payroll comparison tools to compare current and previous payroll cycles, and 69% track payroll accuracy. However, only 35% measure first-time-right payroll, and fewer than half track cost per payslip or processing cost, the metrics most indicative of leakage and ROI. Without the right data visibility, organizations cannot make the business decisions necessary to propel forward.

Global payroll strategies remain fragmented

Nearly all respondents (92%) say they have a global employee pay strategy, but only 33% operate a truly standardized global model. Three-quarters (74%) of respondents say that they use more than two vendors to manage global payroll, and an additional 34% use three to four vendors to streamline the management of external resources, hindering a true cohesive, global strategy.