Ever since the global COVID-19 pandemic struck the world, multinational organizations have been busy leveling up and stress-testing corporate strategies to ensure business resilience across all their countries of operations.
Neeyamo, in collaboration with the Global Payroll Management Institute (GPMI), administered a survey across the GPMI community worldwide that was aimed at presenting insights into how enterprises are coping with the abnormalities, how global HR and payroll functions of those enterprises have evolved to manage their workforce, and how enterprises are gearing up for the foreseeable future.
Some of the payroll insights and trends identiﬁed from the results include the following:
- The need for HR teams to communicate with employees is growing. Around 46% of survey respondents said the HR teams at their organizations are communicating more frequently with employees.
- Despite the impending global recession, 66% of respondents said there has not been a signiﬁcant change in the employee turnover rate across their organizations.
- 82% of the respondents chose embracing virtual interviewing and remote onboarding as the most sustainable talent management strategy for their respective organizations.
Survey respondents comprised experienced professionals from a wide array of industries. Most respondents are directly involved in managing processes such as HR, payroll, and ﬁnance (see Chart 1).
A majority of survey takers work in organizations with more than 10,000 employees (see Chart 2). The survey analyzed their opinions on the state of organizations from various outlooks, namely their functioning post-pandemic, complexities faced by HR and payroll departments, and the impact on employees at large.
To learn more about the survey findings, download the detailed report.
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Praveen Visal is Marketing Consultant – Content and Editorial at Neeyamo. He manages content development and editorial for the organization and predominantly writes on topics covering global payroll, background screening, compliance management, human resource outsourcing, and HR technology. He holds a master’s degree in business administration with a specialization in marketing.