Enterprise Payroll


Ramco

Uploaded on Oct 4, 2024

Category Technology

Source: https://www.ramco.com/products/payce

Category Technology

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Enterprise Payroll

The Paradigm Shift in Enterprise Payroll Elevating Employee Experience in TRoodhaya'sn W orkplace Shailaja Raghunath Unnikrishnan Business Head- MEA Regional Delivery head - MEA Ramco Systems Ramco Systems 1 Copyright 10/4/24, Ramco Systems Limited. Information subject to change. All rights acknowledged. What are the expectations From HCM system providers? Enhancing seamless access to HR system 84% Seamless integration of 80% Implementing mobile employee self-HR systems service enhancements Source: Enhancing the People Experience for the Hybrid Workplace- A NelsonHall white paper with Capgemini (2024) 3 Copyright 10/4/24, Ramco Systems Limited. Information subject to change. All rights acknowledged. What is the role of payroll in enhancing the overall EX? Single source of truth HCM Employee Data security & Pay disbursement ease of access Experience is one CLOUD FINANCE of the top 3 objectives for GLOBAL organizations PAYROLL adopting a Multi- TREASURY & Earned wage ON-DEMAND ANALYTICS country payroll access Workforce analyticsPAY solution* TIME & ATTENDANCE Workforce management 4 Copyright 10/4/24, Ramco Systems Limited. Information subject to change. All rights acknowledged. Where do we see the shift happen? Traditional paradigm of payroll Next-generation paradigm of payroll Discrete & Disparate solution ● Power of 1 standard platform In-country Compliance partner● Global Compliance standards Manual inputs ● Leveraging Technology to heavy lift Operational cost reduction ● Employee-centric services Supporting the business ● Employee experience & strategic HR 5 Copyright 10/4/24, Ramco Systems Limited. Information subject to change. All rights acknowledged. How Ramco redefined the EX for a global HVAC leader? 14 countries and 14,500+ employees Challenges faced by the firm’s newly established HR shared services centre Manual processes & Siloed systems Lack of integration Manual responses to lack of automation among HCM systems repetitive employee queries 6 Copyright 10/4/24, Ramco Systems Limited. Information subject to change. All rights acknowledged. Delivering EX through innovation Savings of over About 2000 5-20% of the man-hours Through AskPECA for year-end specific country process implementations* workload AskPECA (chatbot) is now managed through thAes kPECA has AskPECA. supports 80% witnessed of the universal employee adoption with queries 100% without any manual of the employees registered. interaction 7 Copyright 10/4/24, Ramco Systems Limited. Information subject to change. All rights acknowledged. What do 1000 CHROs say on enhancing people experience (EX)?* of enterprises perceive a strong need to improve the people 72% experience within their organizations due to hybrid & remote working 74% Need to reimagine HR operating model 80% Ensuring the same technology experience is available both WFH and in the office *Source: Enhancing the People Experience for the Hybrid Workplace- A NelsonHall white paper with Capgemini (2024) 8 Copyright 10/4/24, Ramco Systems Limited. Information subject to change. All rights acknowledged. Thank You [email protected] | www.ramco.com Copyright 10/4/24, Ramco Systems Limited. Information subject to change. All rights acknowledged. The contents and information contained in this brochure are intended for general marketing purposes only and should not be relied upon by any person as being complete or accurate. Ramco Systems Limited, its group, employees, agents and other representatives will not accept any liability suffered or incurred by any person arising out of or in connection with any reliance on the content of or information contained in this brochure. This limitation applies to all loss or damage of any kind, including but not limited to, compensatory, direct, indirect or consequential damage, loss of income or profit, loss of or damage to property and claims by third party. Experience the future of payroll with Ramco PAYCE