LEADERS ROUNDTABLE: Does your Payroll System Cope with Evolving Global Workplace Strategies?
As the global economy evolves and employee expectations change, ensuring accurate, compliant, and timely payroll becomes increasingly complex.
Today, many organisations find that legacy payroll systems are unable to handle the challenges of the modern-day workforce. Employee profiles are no longer homogeneous as markets see a rise in the number of contract staff. While a global payroll and disbursement system brings financial and operational synergy, there are multiple country-level customisations and compliance regulations that need to be taken into consideration. At the same time, relying on manual processes that can address country-level differences carry the risk of fraud, anomalies, and non-compliance.
Ecosystm research finds that organisations in Australia:
- Are realising the benefits of process automation:
65% see a reduction of operating costs
61% are able to reduce process times
- However, they face challenges in deploying automation solutions:
43% face integration issues
40% find it difficult to collect data from multiple internal sources
37% find their automation solution does not satisfactorily address risk/
Organisations need to invest in a payroll system that has automation at its core; shows demonstrable cost optimisation benefits; and has risk mitigation built into it. Join me and your industry peers for this Executive Leaders discussion on how payroll leaders can empower their employees to deliver a truly global payroll system.
We will also be joined by Mr. Rohit Jain, Head of APAC Payroll at CSL Limited Australia, who will share his experiences and best practices on running a truly global payroll system that has automation at its core.