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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FIVE EFFICIENCY METRICS FOR PAYROLL
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.
First-Time Approvals
Percentage of gross-to-net calculations approved upon initial review
Data Input Issues
Percentage of errors caused by input of incorrect or incomplete employee payroll data
Issues Per 1K Payslips
Issues identified in data input, data output, and new data for every 1,000 payslips processed
Payroll Calendar Length
Number of days required to complete payroll processing from lock to approval
Supplemental Impact
Percentage of payroll runs completed as supplemental runs, instead of main runs.
INDUSTRY FIRST
Packed with Insights
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.
