Richard Limpkin

Businesses can promote employee financial well-being by offering savings and financial education programs. In particular, payroll is a powerful tool for organizing and carrying out these programs. It can provide a wealth of information to employers and employees alike, and serve as an entry point for financial well-being programs.

Recently, Immedis and GPA took a survey of those within the payroll industry. We wanted to get a closer look at how organizations manage their global payroll data. We discussed the significance of these results for the bigger business picture in another article, but here we wanted to take a look at the statistics for a deeper dive into the “why” behind them.

More and more businesses are waking up to the significance of global payroll to their bottom line. The explosion in remote work since the pandemic began has been a major factor, showing businesses how crucial it is to get payroll processes right. Businesses need to cater to the next generation of working norms, as well as deal with more complicated payroll data.