Multinational organizations with IMMATURE payroll models operate with a siloed focus on executing the payroll process. Unlike companies with more mature payroll models, these organizations operate in a tactical manner with little or no visibility into payroll operations. Teams and processes are typically focused exclusively on performing current tasks, rather than on any forward-looking opportunities or preventive measures.
The processes of IMMATURE payroll departments tend to be high-touch and heavily manual. Error rates are high due to minimal organizational adoption of ‘best practices’ such as self-service transactions, data validation, and process monitoring or auditing. Payroll cycles lack harmonization and cycle times for processing are often five days or more. Payroll compliance related updates are regularly delayed due to...