cloud computingConsumer researchDeloitte Consulting

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The following is the Global salary benchmark report 2020 From Deloitte Consulting recommended by And this article belongs to the classification: cloud computing, Deloitte Consulting , Consumer research.

Deloitte released the global salary benchmark report. The survey collected feedback from more than 750 enterprises in 55 countries and regions, which are involved in several different industries and employ hundreds to hundreds of thousands of people.

From the perspective of global pay, a key theme of the survey is that it is becoming more and more important to formulate a global pay strategy. 88% of the respondents have a pay strategy or plan to formulate a strategy.

73% of enterprises outsource some aspects of wages. Although enterprises are generally satisfied with the current third-party pay strategy providers, they think there are still many areas to be improved, from compliance to technical capability.

Critical Insights

Generally, the larger the number of employees, the more salary resources can be supported by economies of scale. Enterprises with 1000 to 4900 employees are inefficient.

91% of respondents used one salary system and 9% used two or more systems. The trend is global, but in Latin America, 17% of respondents use two or more systems.

80% of the respondents use only one attendance system, and 20% use two or more. Only 9% of financial enterprises use two or more systems.

80% of respondents only have one built-in salary technology, while about 20% of enterprises use two or more salary technologies.

74% of respondents are already using or deploying cloud based pay technology.

Accuracy and efficiency indicators are still the main indicators of salary tracking.

Delayed or inaccurate employee, manager or HR transactions are the primary cause of salary errors.

A typical employee in the salary Department has 12 years of working experience, 7.5 years of service in the current enterprise, more than three years of advanced salary system experience, and 25 hours of overtime every month.

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