The COVID-19 pandemic profoundly affected how financial services firms conduct business, but some things remain the same. Regardless of where or how they are working, employees still need to be paid, and firms must comply with increasingly complex regulations worldwide. The pandemic exposed challenges that will drive how payroll is done in the future, particularly on a global level.
In the “new normal,” the ability to bring payroll to a high level of automation and strategic importance will be critical to the success of multinational financial services organizations. This report covers trends in the global payroll market and the advances in payroll technology that are addressing the challenges global financial services firms face.