The payroll landscape, once marked by paper-based pay slips, very aggregated pay calculations, and fixed payment cycles, has in many cases turned into a source of employee dissatisfaction. Employees appreciate digital and secure pay slips, personalization and analytical options, detailed specifications, and options such as real-time payments, but such features are rarely offered by employers.
Goals and Objectives
Improve the payroll-related employee experience.
Note that for employees with very stable monthly salaries, impact on experience is limited, but for those that are hourly paid, have complex compensation and wage supplements, have variable working time, and so forth, such features are valuable.
Evaluate the organization’s exposure to risk and compliance practice across employee classifications, geographies, and work types. Diversify payroll engagements to segment according to the organizational workforce’s unique requirements.
Employer of record
Global payroll networks
Payroll analytics and modeling
Use Case Summary
Emerging advanced payroll practices are becoming a way to improve the employee experience. Driven by technology and innovation, payroll now offers early wage access; self-service portals with access pay to details, tax information, and so forth; and real-time analytics and documentation, making the pay slip easier to understand.