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Impact of Global Payroll Outsourcing on Organizational Efficiency & Cost Reduction

  • This study investigates the impact of global payroll outsourcing on organizational efficiency and cost reduction based on the analysis of diverse implications stemming from thirty one (31) survey results. The findings reveal multifaceted challenges and benefitsassociated with outsourcing global payroll processing. The research also unveils the most benefits of global payroll outsourcing. Notably,This study investigates the impact of global payroll outsourcing on organizational efficiency and cost reduction based on the analysis of diverse implications stemming from thirty one (31) survey results. The findings reveal multifaceted challenges and benefitsassociated with outsourcing global payroll processing. The research also unveils the most benefits of global payroll outsourcing. Notably, there's a consensus on the reduction in time-to-process payroll, cost per payroll processed, and improved payroll accuracy rate. Outsourcing streamlines processes, enhances operational efficiency, and contributes to faster, more accurate financial reporting. Despite these benefits and challenges, statistical analysis reveals weak correlations between outsourcing global payroll and cost reduction or improved efficiency in various parameters, indicating a lack of a significant relationship. Consequently, the results, suggest no substantial correlation between global payroll outsourcing and enhanced efficiency or cost reduction based on this study's data.show moreshow less

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Metadaten
Document Type:Master's Thesis
Zitierlink: https://opus.hs-offenburg.de/8083
Bibliografische Angaben
Title (English):Impact of Global Payroll Outsourcing on Organizational Efficiency & Cost Reduction
Author:Manvendra Singh Rathore
Advisor:Rainer Fischer, Shanaz Marie Well
Year of Publication:2023
Granting Institution:Hochschule Offenburg
Page Number:76
Language:English
Inhaltliche Informationen
Institutes:Fakultät Wirtschaft (W)
Institutes:Abschlussarbeiten / Master-Studiengänge / IBC
DDC classes:300 Sozialwissenschaften / 330 Wirtschaft
GND Keyword:Effizienz; Kostensenkung; Lohnbuchführung; Outsourcing
Tag:Global Payroll
Formale Angaben
Open Access: Closed 
Licence (German):License LogoCreative Commons - CC BY - Namensnennung 4.0 International