Payroll is the most expensive item or a single expenditure for most multinational corporations. It makes up between 50 and 70 percent of an organization's overall overhead. As a result, even little recurring mistakes in global payroll can end up creating major issues. Therefore, it is crucial to ensure visibility into the overall payroll management process and its results. Clear observation of where and how often errors happen, along with the ability to track trends over time, can help businesses find areas for improvement and realize significant cost savings.
For example, a certain site may require supplemental runs continuously. Therefore, the information might suggest that further training is required or indicate a problem with data collection further up the process chain. If mistakes at another office tend to increase at specific periods of the year, organizational leaders may want to investigate holiday schedules or adjust workflows to balance personnel and their responsibilities.
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