SOURCE: Jeitosa Group

Jeitosa Group

January 14, 2014 08:00 ET

New Research From Jeitosa Group International Reveals Best Practices for Strategic Global Payroll

Multi-Year Study of Multinational Organizations Highlights Key Challenges and Opportunities in Achieving Efficient, Innovative and Effective Global Payroll Functions

SAN FRANCISCO, CA--(Marketwired - Jan 14, 2014) - Jeitosa Group International, a leading global HR business consultancy and systems deployment and integration firm, announced today the launch of the next phase of its global payroll benchmarking study. This research effort focuses on uncovering leading practices in global payroll management, including detailed benchmarks on the costs of running payroll in key countries across the globe. In this next phase, Jeitosa is expanding the current benchmarking effort to cover 10 countries: Australia, Brazil, Canada, China, France, Germany, India, Netherlands, the United Kingdom and the United States.

As globalization continues to accelerate, business leaders must be able to manage effectively within a global environment rife with ambiguity. Combined with a volatile economic environment that has proliferated the "do-more-with-less" philosophy, leaders must be able to make key decisions while balancing inconsistent and, at times, contrary forces. In Jeitosa's recent report, "Driving Globally Strategic Payroll: The Paradoxical Journey to Efficiency and Innovation," Jeitosa authors Karen Beaman, CEO and Global Strategic Advisor, and John Gibbons, Vice President of Research and Strategy, present an objective analysis of the global payroll landscape and describe the specific strategies employed by top-performing organizations that help them reconcile the conflicting forces in the global payroll environment. The report provides step-by-step recommendations that can help multinational organizations more effectively manage their global payroll process and achieve greater efficiency and enhanced innovation.

Overall, the findings show that there are several leading global payroll practices utilized by top-performing organizations (defined in terms of revenue, income and employee headcount growth last year over this year). The key practices fall into the following three areas:

  • Global Service Delivery Model - Top Performers are significantly more likely to have a global service delivery model in place, including a global governance model with regional and global accountabilities for the payroll process.
  • System Rationalization - Top Performers are significantly more likely to have rationalized and consolidated the number of systems and vendors that they have for payroll and to leverage a hybrid sourcing model, whereby they insource and/or outsource as business needs dictate.
  • Global Strategic Mindset - Top Performers are significantly more likely to have payroll staff with a global strategic and process-oriented mindset. They are also more likely to rotate payroll staff across countries and to have more formalized change management programs in place.

"Despite ongoing volatility in the global market, many organizations have figured out how to overcome the challenges of globalization and develop a streamlined and effective payroll strategy," said Beaman. "As more organizations look outside their home borders for new growth opportunities, understanding the leading practices for managing a global payroll program is essential for success."

Jeitosa has made "Driving Globally Strategic Payroll: The Paradoxical Journey to Efficiency and Innovation" available for complimentary download at: http://www.jeitosa.com/knowledge/knowledge-globalization/global-payroll-benchmarking-study-report-driving-globally-strategic-payroll/

About Jeitosa

Jeitosa Group International was founded in 2004 to provide global, strategic and functional business and information technology to Global Fortune 1000 organizations. Jeitosa provides thought-leading, global business and technology solutions to drive enterprise effectiveness. Jeitosa's transnational network provides direct services in more than 20 countries and leverages an average of 20+ years of experience of human resources and information technology experience.