REDUCE TIME SPENT BY MOBILITY TEAM ON PAYROLL ADMINISTRATION
Barrier: Payroll Admin – Time spent on managing payroll relationships left less time for other responsibilities
Story: Reducing the time spent by the mobility team on payroll admin is often difficult due to the time it takes to manage payroll relationships with service partners such as tax providers.
During a new client implementation, our compensation services team was tasked with getting the data needed to meet payroll deadlines and year-end requirements. As they began working with the client, it became clear that our team could also significantly reduce mobility’s workload in by managing all payroll-related relationships.
The compensation team is now doing the following for this client:
- Working directly with payroll to instruct payroll changes and gather all payroll data processed, then auditing data and addressing any inconsistencies and/or missing information
- Working directly with the stock options team to gather reporting when stocks are paid out
- Working directly with the client’s tax provider when earnings adjustments are needed to obtain information, calculating the adjustments, and providing to payroll