definition for: #employercentricglobalpayroll

There are two types of Global Payroll Models: 1) Vendor Led Models - Aggregator / BPO / The Managed Services Provider - The first option chosen is where they outsource the global payroll process, including in-country payroll processing and compliance to a single payroll services provider. External providers have invested in some levels of technology in recent years to provide data exchange tool or some limited reporting. When adopting a Vendor Led Model, the employer has to adopt the Vendor Led Global Payroll Process. The services provider designs the data set and reporting and dictates the standardized process to be adopted - more on this later. The advantage of having one central contract is offset often by limited flexibility for employer in system design. 2) Employer Centric Model - The global employer decides and designs the global payroll processes and system that suits its corporate structure and growth plan. It chooses a payroll provider network to deliver its payroll services by region/ country and a global payroll technology that can integrate all internal resources, payroll providers and data into a cohesive standardized Global Payroll Eco-System that is aligned exactly to its current and future corporate strategy. This model involves more planning by the employer and therewith offers maximum customization and flexibility to meet their own corporate preferences and business process and integration needs.