Global Business Services organizations can bring greater value to the organization as measured in terms of efficiency, effectiveness, innovation, and financial growth. This report focuses on how Global Business Services (GBS) organizations structure and manage their global payroll function. It addresses the question, what do these organizations do differently from other types of organizations in managing their global payrolls. We look at ten factors that GBS organizations do more of than their local, regional, or global HR or Finance-driven counterparts. The data presented are drawn from 75 Fortune 1000 multinational organizations participating in Jeitosa’s Global Payroll Benchmarking Study.
The findings clearly show that Global Business Services organizations show greater levels of globalization, consolidation and standardization as well as higher levels of formal quality methods and advanced metrics framework, than all other models. Additionally, we see that GBS organizations exhibit greater business performance, measured in terms of revenue growth and income growth, as opposed to other organizational models.