[Global] The unique obstacles facing today’s mini-multinational business leaders

With the benefit of tech and software innovations, today’s business world is more closely connected than ever. That new proximity, in turn, allows lucrative opportunities for organisations to expand, diversify and access new resources around the globe.  

Globally agile companies gain a competitive edge but managing global payroll can introduce complex challenges that impact all areas of a business. Payroll’s reach impacts HR, IT and Finance and its complexities can increase the burden of responsibility for leaders across those functions. 

In its new thought leadership white paper Growing Pains: Helping multinational business leaders overcome payroll challenges, Alight takes a closer look at the specific challenges faced by key stakeholders and examines some of the benefits that adopting a centralised payroll model can bring companies. Particularly as they pursue their plans to expand and grow.   

The value of data as an asset is gaining recognition; accurate reliable data offers insights and analytics that save time and money by painting a clear picture of a company’s operations, its strengths and weaknesses and its needs. New payroll solutions and services can unlock that data and maximise its benefits. 

According to Alight’s upcoming Corporate Payroll Complexity Report 2024, 53% of companies with 1,000+ employees have incurred payroll processing fines or penalties in the last five years. Cost control is a primary responsibility for business leaders, making an efficient and compliant payroll essential. 

Growing Pains: Helping multinational business leaders overcome payroll challenges considers the unique obstacles confronting CHROs, CFOs, HRIT and GBS leads. These key stakeholders are called upon to ensure a seamless integration between people, processes and technology within the constraints of limited resources and strict compliance. 

Alight recommends contemporary solutions that could improve accuracy, increase efficiency, optimise real-time data access and deliver secure support tailored to help the leadership of mini-multinationals overcome these challenges and redirect their focus to driving the future success of their organisation and the talent within it. 

Download Alight’s Growing Pains: Helping multinational business leaders overcome payroll challenges white paper here. 

With the benefit of tech and software innovations, today’s business world is more closely connected than ever. That new proximity, in turn, allows lucrative opportunities for organisations to expand, diversify and access new resources around the globe.  

Globally agile companies gain a competitive edge but managing global payroll can introduce complex challenges that impact all areas of a business. Payroll’s reach impacts HR, IT and Finance and its complexities can increase the burden of responsibility for leaders across those functions. 

In its new thought leadership white paper Growing Pains: Helping multinational business leaders overcome payroll challenges, Alight takes a closer look at the specific challenges faced by key stakeholders and examines some of the benefits that adopting a centralised payroll model can bring companies. Particularly as they pursue their plans to expand and grow.   

The value of data as an asset is gaining recognition; accurate reliable data offers insights and analytics that save time and money by painting a clear picture of a company’s operations, its strengths and weaknesses and its needs. New payroll solutions and services can unlock that data and maximise its benefits. 

According to Alight’s upcoming Corporate Payroll Complexity Report 2024, 53% of companies with 1,000+ employees have incurred payroll processing fines or penalties in the last five years. Cost control is a primary responsibility for business leaders, making an efficient and compliant payroll essential. 

Growing Pains: Helping multinational business leaders overcome payroll challenges considers the unique obstacles confronting CHROs, CFOs, HRIT and GBS leads. These key stakeholders are called upon to ensure a seamless integration between people, processes and technology within the constraints of limited resources and strict compliance. 

Alight recommends contemporary solutions that could improve accuracy, increase efficiency, optimise real-time data access and deliver secure support tailored to help the leadership of mini-multinationals overcome these challenges and redirect their focus to driving the future success of their organisation and the talent within it. 

Download Alight’s Growing Pains: Helping multinational business leaders overcome payroll challenges white paper here.