INTERNATIONAL HR ADVISER SUMMER
The role of global payroll in the Future of Work is perhaps not yet fully defined, however, the opportunity and the potential power that a strategic payroll function sitting at the core of an ecosystem of vendors and technology is clear What Next?
The role of global payroll in the Future of Work is perhaps not yet fully defined, however, the opportunity and the potential power that a strategic payroll function sitting at the core of an ecosystem of vendors and technology is clear. It is not hard to envisage a near-future world where paper tax returns and other filings relating to pay and people have become obsolete. When this happens, authorities will expect automated real-time flows of data. This will require digitally enabled information management and reporting, and don’t forget the increasing imperative for an enhanced user experience for all stakeholders. Payroll and workforce management has the potential to drive this future state. Is your organisation ready? References: (1) In a recent survey completed by Optum, more than 45% of companies are increasing investment in this segment.
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2020 HR Technology Market. Josh Bersin. (2) CareerBuilder (2017), Living Paycheck to Paycheck is a Way of Life for Majority of U.S. Workers, According to New CareerBuilder Survey, http://press. careerbuilder.com/2017-08-24-LivingPaycheck-to-Paycheck-is-a-Way-of-Lifefor-Majority-of-U-S-Workers-Accordingto-New-CareerBuilder-Survey. (3) Although it should be noted that, a true pay-on-demand service in the UK would be unworkable without legislative change. (4) Ceridian: The UK Pay Experience Report: Employee perspectives on payroll and compensation. 2019. (5) In the early days of RPA adoption, many
HAYLEY MCKELVEY
Partner, Payroll and Workforce Management, Deloitte LLP 2 New Street Square, London, EC4A 3BZ +44 207 303 3940 hmckelvey@Deloitte.co.uk www.deloitte.com/uk/en/pages/ tax/articles/payroll-and-workforcemanagement.html
shared service centres adopted RPA – three years ago over 80% of shared service centres reported using RPA. Gartner. Predicts 2020: RPA Renaissance Driven by Morphing Offerings and Zeal for Operational Excellence. (6) In the UK, the overwhelming majority of payrolls (72%) are still being operated completely in-house. The remaining elements are split by either partially outsourced (partially managed) (22%) and completely outsourced (fully managed.) CIPP Future of Payroll Report, 2019. (7) Gartner. Predicts 2020: RPA Renaissance Driven by Morphing Offerings and Zeal for Operational Excellence.
NATHAN MALE
Partner, Payroll and Workforce Management, Deloitte LLP 2 New Street Square, London, EC4A 3BZ +44 207 007 8364 nmale@deloitte.co.uk www.deloitte.com/uk/en/pages/ tax/articles/payroll-and-workforcemanagement.html
DELOITTE’S PAYROLL AND WORKFORCE MANAGEMENT PRACTICE
Our mission is to define the payroll function of the future, for the workforce of the future. We created Deloitte Payroll and Workforce Management to deliver, transform and disrupt. We partner with organisations to solve the most complex challenges driving employee experience, efficiency and value. We deploy Deloitte market knowledge, subject matter expertise and insight to rethink the payroll and workforce management function. We focus on a range of areas including global payroll delivery, strategy design, operational optimisation, vendor selection, technology implementation, automation and ecosystem design. Find out more here www.deloitte.com/uk/en/pages/tax/articles/payroll-and-workforcemanagement.html
