Post on 12-Aug-2015
Global Payroll
Smarter Payroll for Global EnterprisesTo manage complexities of statutory, taxes & payroll compliances for
Global Enterprises
70% of the world’s working population can now run on Ramco’s Payroll PlatformComprehensive HR Software- Core HR| Time & Attendance | Payroll | Talent Management | Recruitment | Planning & Analytics
RecognizesRamco Global Payroll as a “LEADER”
Need for Smarter PayrollExpanding Global Footprint
Demand Stagnation in developed markets vs Huge Demand Potential in Emerging Economies
Business Risks aligned with ever-changing regulatory compliances and their impact on market expansion
Cost Competitiveness driving shifts in Capital, Labor & Resources to Emerging Economies
Workforce Mobility across Global Markets with the rise of contingent workers
Complexities in outsourcing to multiple payroll vendors and challenges in monitoring compliance risks
Market Opportunity for a Unified Payroll Vendor
Organizations are drifting to unified payroll providers as they bring in structured governance, global reporting, achieve economies of scale , mitigate risks and remain single point of contact.
Question: Are you planning to expand your business into new global markets?
How important is achieving delivery through a single global vendor?
Question: If you were to select a new vendor for global payroll, what would be your top three criteria?
Source : Global Payroll Survey 2014 – One Year on and closer to reality by Ernst & Young
Ramco Global Payroll
Legally CompliantEnsures legal compliance at all levels
CTC Rule/Rule BuilderUse of CTC Rule/Rule Builder to configure pay elements
Global PayrollRamco Payroll serves 70% of the world’s population with Local language support
Payroll BureauDedicated Team for statutory
compliances
Easy IntegrationStandard Interfaces with
third party HRIS/Financial applications
Ramco GlobalPayroll
Ramco Payroll – Unique Features
Payroll Hub One single platform to complete all activities related to payroll with built in contextual intelligence
Ramco Genie Self healing and rectifying intelligent engine which identifies, suggest and resolves errors
Standard/Template based Product Comes with out of box predefined rules as per statutory requirements for different countries
Lightning Fast ProcessingIn memory multi agent technology based Engine (MINNAL) for faster in-memory processing
Automated System Frequently occurring activities run through batch process reducing manual intervention and making it Payroll services friendly
Rule Engine Giving power to end users to configure on their own with a visual interface to define rules
Ramco Global Payroll
Role-based Access
Mobility
ExtensionToolkit
Workflow
AdvancedReporting
Data Uploads
SOA-based Integration
Retroactive Pay & Increments
Financials Integration
Direct Deposit Automation
Gross & Net Pay Calculation
Country-specific Compliance*
Employee & Mgr. Self service
INDIA
MALAYSIA
SINGAPORE
AUSTRALIA
NEW ZEALAND
INDONESIA
PHILIPPINES
TAIWAN
THAILANDVIETNAM
SOUTH AFRICA
GHANANIGERIA
MOROCCO
UK*
GCC
YEMEN
SUDAN
IRAQ
EGYPT
UAE
SAUDI ARABIA
OMAN
PAPUA NEW GUINEA
HONG KONG
Note: Country locations depicted are indicative only
Ever growing footprint of our Global Payroll …
SOUTH KOREA
KENYA
1.2+ Mil. Pay slips processed monthly
APAC : 170KMENA : 140KIndia : 900KOthers : 15K
ALGERIA**
LIBYA **
TUNISIA**
SRILANKA**
CHINA**
EAST TIMORE
LEBANON**
JORDAN**
PayrollBureau
Country based Independent Consultants
Own Research Top Tier Consultancy Firms- E&Y, PwC, Deloitte
Partner with Taxation service providers Regular monthly updates w.r.t to Payroll related
Statutory changes Services availed for specific assignments / projects Kept on minimum retention to ensure continuity Updates Cover entire ASEAN, ANZ
Researching on Payroll rules and regulations for all the focus countries
Managing other Service Providers Manage collaterals and information repository
Validation of Payroll rules for countries with complex taxation regulations
Inputs when developing payroll for new countries Advisory services on demand
Payroll Bureau
12
Perform the most frequent, most needed transactions through mobile phones Personal information
Leave
Timesheet
Paystubs
Expenses
Training requests
Hire requisitions
Mobility
Logically structured payroll – payset
hierarchy
Automated computations/ business
rules
Payroll readiness checksAutomatic mapping of employees to payroll
Employee-level overridesHold salary process/
disbursement
Diverse payroll :Multiple pay structures/ pay
frequencies/ statutory
1
Mid-cycle changesIncentives , Allowances,
Division-specific calculations
2
Missing/ incomplete information.
Missing employee mapping
3
Uninformed exits
4
RAMCO PAYROLL
Key CapabilitiesStandardization with tolerance for exceptions
VARIATIONS
STANDARDIZATION
EXCEPTIONS
SYSTEMATIZATION
Process periodPayset
CompensationEmployment
Details
EMPLOYEE SETUP
Employee-level exceptions
New Hire
Separation
Promotion/ Transfer
PAYROLL
SALARY ACCOUNTING
SALARY PAYMENT
Country-specific tax computations
Shift allowancesAllowance for substitutesHoliday working
E.g. Incentives calculated on different metrics/ basis
Critical incident based Vs. typical performance rewards
Simplifying PayrollGeared Up for your Global Demands
Attendance & overtime
Paid time off/leave en-cashing
Tax
Awards & Rewards
Loans & Advances
Arrears & increments
Performance e-incentives
Expense claims & other benefits
PAYROLL
Simplifying PayrollGeared Up for your Global Demands
Simple & Contextual user interface
Hub It!Multiple stopovers make you tired before you get to your destination. Get everything you need to know and do @ a single place.
Card based designCompose your own UI based on information needed. Shuffle them like a pack of cards.
23000 Employees 14 Countries Across Asia Pacific & Middle
East
US Fortune 10 Giant trusts Ramco for their Global Payroll
Thank you
contact@ramco.com