A new way of understanding global payroll processing and efficiency around the world, enabled by data from 2,500+ multinational entities that use CloudPay as their payroll provider
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The Payroll Efficiency Index analyzes five core performance metrics to provide a comprehensive view into the global payroll process for multinational organizations. It includes information on how the data was collected, why it is important for organizations to collect, and provides benchmarks for each KPI across 130+ countries.
Percentage of gross-to-net calculations approved upon initial review
Percentage of errors caused by input of incorrect or incomplete employee payroll data
Issues identified in data input, data output, and new data for every 1,000 payslips processed
Number of days required to complete payroll processing from lock to approval
Percentage of payroll runs completed as supplemental runs, instead of main runs.
Based on anonymized data from more than 2,500 global entities, this report provides multi-national companies with powerful data to benchmark and improve payroll processes across 130+ countries.