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HR Payroll Roadmap

The document outlines the key steps in developing an HR payroll roadmap: 1. Analyzing business requirements and reviewing budget and resources 2. Developing workforce and payroll strategies 3. Creating a benefits program strategy 4. Developing a communication plan for employees 5. Implementing the roadmap Each step involves analyzing needs, defining requirements and strategies, and planning effective communication and implementation. The overall roadmap provides a guide to transition payroll processes and ensure proper management.

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Jude Philip Wilfred
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© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
118 views

HR Payroll Roadmap

The document outlines the key steps in developing an HR payroll roadmap: 1. Analyzing business requirements and reviewing budget and resources 2. Developing workforce and payroll strategies 3. Creating a benefits program strategy 4. Developing a communication plan for employees 5. Implementing the roadmap Each step involves analyzing needs, defining requirements and strategies, and planning effective communication and implementation. The overall roadmap provides a guide to transition payroll processes and ensure proper management.

Uploaded by

Jude Philip Wilfred
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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HR PAYROLL ROADMAP

Payroll is defined as the process of paying salary to a company's employees. It


starts with preparing a list of employees to be paid and ends with recording those
expenses. It's a tangled process that needs different teams such as payroll, HR and
finance to work together.

Payroll processing is the procedure taken to pay employees at the end of a payroll
period. This process involves multiple steps to ensure that pay is properly
calculated, tracked and doled out and that the correct amounts for tax, company
benefits and other deductions are withheld.

An HR Transformation Roadmap is a step-by-step navigation to get your enterprise


from the point of departure to the point of arrival, by taking a set of actions,
implementing some activities and achieving some outcomes, in a planned
sequential manner.

 Proper payroll management is the key to ensuring your employees are paid
on time and your legal obligations are met.
 There are several steps required to properly track and issue payroll.
 The right payroll software or service can help ensure your payroll is
processed accurately and in a compliant and timely manner.

HR pay roll road map 5 important step

1. Business Requirement Analysis, Review Budget & Resources


2. Workforce Planning, Payroll Strategy
3. Benefits Program Strategy
4. Communication Plan to Employees
5. Implementation

Business Requirement Analysis

This is the process of discovering, analyzing, defining, and documenting the


requirements that are related to a specific business objective. And it's the process
by which you clearly and precisely define the scope of the project, so that you can
assess the timescales and resources needed to complete it.

The primary categories include business requirements, stakeholder requirements,


solution requirements, transition requirements, and technology requirements.
Solution requirements include functional and nonfunctional requirements created
either by hand or with technology (which has its own technical requirements)
Review Budget & Resources

The resource allocation and budgeting process is one of the most powerful stages
of planning. Resource allocation refers to the distribution of resources, and in
particular finance, from the center to peripheral levels. Budgeting implies the more
detailed determination of precisely how these funds are to be used.

1. Compare Actual vs. Planned Spending.


2. Assess New Income and Expenses.
3. Review Your Financial Goals.
4. Modify Your Budget to Meet Your Needs.
5. Identify and Plug Budget Leaks.
6. Review Your Budget Monthly and Annually.

Workforce Planning
Workforce planning is about generating information, analyzing it to inform future
demand for people and skills, and translating that into a set of actions that will
develop and build on the existing workforce to meet that demand.

The five-core workforce planning steps


 Deciding strategic direction and goals. Workforce planning is a top-down
process requiring clear organizational direction and defined strategic goals to
inform and guide future decisions. ...
 Analyze existing workforce. ...
 Develop your plan. ...
 Implement workforce planning. ...
 Monitor results.

Payroll Strategy
It helps in decision-making, compliance and reporting, in adopting standard best
practices across business models regardless of the business' operational country, in
focusing on strategies in building digital transformation, and in managing
resources.

Here are some tips to help enhance your organization's current payroll
process in order to make it more efficient.

1. Adopt a self-service model. ...


2. Keep policies simple. ...
3. Provide electronic pay stubs. ...
4. Use direct deposit. ...
5. Establish a payroll calendar. ...
6. Consider outsourcing your payroll.

Benefits Program Strategy


The term “strategic advantages” refers to those marketplace benefits that exert a
decisive influence on an organization's likelihood of future success. These
advantages frequently are sources of an organization's current and future
competitive success relative to other providers of similar products.

A Benefits Strategic Plan is a plan specifically focused on the current and future
needs of a company as it relates to its employee benefits program.

A successful strategy helps give the business intimate knowledge about customers


and competitors. Benefits of business strategy like this include greater revenue for
the business, better predictions of future needs, faster actions than competitors, and
a stronger brand that can weather changes more easily.

Communication Plan to Employees

An internal communications plan sets business goals in communicating with


employees and plans the tasks required to achieve those goals. Your internal
communications strategy is the blueprint that guides you to achieve internal
communications success.

Factors to consider when creating a communication plan

The steps are:

 Identify the purpose of your communication.


 Identify your audience.
 Plan and design your message.
 Consider your resources.
 Plan for obstacles and emergencies.
 Strategize how you will connect with the media and others who can help you
spread your message.
 Create an action plan.

Implementation plan

An implementation plan—also known as a strategic plan—outlines the steps your


team should take when accomplishing a shared goal or objective. This plan
combines strategy, process, and action and will include all parts of the project from
scope to budget and beyond.

There are key elements of any implementation that primarily include


planning: planning the work, planning the tasks and subtasks, planning the time,
and planning the people and resources.

For example, strategic implementation within a business context might


involve developing and then executing a new marketing plan to help increase sales
of the company's products to consumers. The Houston Chronicle: The process that
puts plans and strategies into action to reach goals.

List of steps for effectively implementing:

 Assess the project plan. ...


 Execute the plan. ...
 Make changes as needed. ...
 Analyze project data. ...
 Gather feedback. ...
 Provide final reports.

PAYROLL INDUSTRY AND


FUNCTIONALITY

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